Adult non-alc retailer Boisson will be restructuring the company under chapter 11 bankruptcy protection, citing financial challenges amidst an “overly aggressive expansion plan” and the “inefficient deployment of capital.”
District 9 Brewing (D9) – sibling company of the troubled sales, distribution and e-commerce platform Bevana Partners – has filed for Chapter 11 bankruptcy protection.
Karben4 Brewing has filed Chapter 11 bankruptcy, citing the continued impact of the COVID-19 pandemic, and internal disputes among ownership.
Pontoon Brewing has officially divorced from Bevana Partners as part of its reorganization under Chapter 11 bankruptcy protection.
Baltimore-based Guilford Hall Brewery has acquired the Flying Fish brand, recipes, trademarks, and wholesaler agreements through a bankruptcy auction, according to NJ Advance Media.
Saint Paul, Minnesota-based Fair State Brewing Cooperative has filed for Chapter 11 bankruptcy reorganization, co-founder and CEO Evan Sallee wrote on the company’s website on Thursday.
The founders of the Craft Beer Cellar retail franchise and its flagship retail store and restaurant have filed for Chapter 7 bankruptcy liquidation for both business entities (Craft Beer Cellar Group and Craft Beer Initiative LLC), according to filings in the U.S. Bankruptcy Court for the District of Massachusetts.
Nearly seven months after the dissolution of its proposed merger with Cape May Brewing, Flying Fish Brewing filed for Chapter 11 bankruptcy late last month. The brewery listed nearly $9.3 million owed to secured and unsecured creditors and nearly $1.3 million in assets, according to documents filed in the U.S. Bankruptcy Court for the district of New Jersey.
Huntersville, North Carolina-based D9 Brewing, its co-founders and its parent company Community Brewing Ventures are facing a lawsuit filed by SouthState Bank, National Association, which claims the defendants have breached their contract with the bank.
Last week, low-alc aperitif brand Haus announced that it would shut down after a funding round fell through, leaving the company without the necessary cash on hand to continue operating. But rather than filing for federal Chapter 7 or Chapter 11 bankruptcy protections, the California-based brand instead looked to a different type of common law bankruptcy procedure known as an Assignment for the Benefit of Creditors, or an “ABC.”
After closing 37 restaurants over the last few weeks, Craftworks Holdings filed for Chapter 11 bankruptcy protection Tuesday in the U.S. Bankruptcy Court for the District of Delaware.
In this week’s Last Call: California ABC Investigates Amazon; US Beer Shipments Down Again in July; Anheuser-Busch’s ZX Ventures Acquires Barbarian; MillerCoors Launches New Blue Moon Campaign
Yet another small brewery has found itself in financial trouble. The parent company of Boulder, Colorado-based Fate Brewing Company, Fate Restaurants LLC, has filed for Chapter 11 Bankruptcy protection. According to the November 1 filing, Fate owes more than 50 creditors between $1 million and $10 million. The company also claims between $1 million and $10 million in estimated assets.
