All articles tagged with #craft beer industry
Sycamore Brewing in Charlotte is changing its LLC name to 'Club West Brewing' amid a scandal involving co-founder Justin Brigham, which led to the company's temporary closure and significant sales decline. The rebrand may be a strategic move to recover, but experts suggest that selling the assets to an unrelated buyer might be a more viable solution due to the damage to its reputation and the challenging craft beer market environment.
The craft beer industry is facing significant challenges with declining brewery numbers and production, culminating in Three Weavers Brewing Company filing for Chapter 11 bankruptcy to reorganize amid ongoing industry struggles.
Lagunitas is closing its Chicago brewery and taproom, moving operations to Petaluma, California, affecting 86 employees. The decision, attributed to industry challenges and a need for efficiency, follows a decline in company culture since Heineken's 2017 buyout. The closure is set for August 1.
Thin Man Brewery, a popular bar on Elmwood Avenue in Buffalo, New York, will be closing its doors on Wednesday due to the challenges posed by the COVID-19 pandemic on the craft beer industry. The bar will continue to operate its Chandler Street location and focus on brewery innovation.