Rum-based chocolate liqueur Tobago Gold has filed for bankruptcy.
Founded by Lars Söderström, Tobago Gold is a chocolate rum liqueur made with Caribbean spices. It is bottled at 17% ABV.
The brand, registered in the Netherlands, was declared bankrupt on 12 November 2024, official documents show.
According to translations of the documents, reasons for the bankruptcy include ‘disappointing’ sales, which resulted in a surplus of inventory.
It also noted internal discussions about governance, which diverted attention from core activities.
Furthermore, higher-than-expected consultancy costs resulted in lost confidence from investors, heightened…
