Award-winning beer brand files Chapter 7 bankruptcy to liquidate
The award-winning brewery filed for Chapter 7 bankruptcy and shut down operations.
The craft brewery sector has been struggling over the last two years, with brewers closing down businesses and filing for Chapter 11 and Chapter 7 bankruptcy across the nation.
Last year was the first year since 2005 that the overall number of operating craft breweries declined nationwide to 9,680, down from 9,747 in 2023.
New brewery openings declined for the fourth consecutive year, with 434 new breweries opening and 501 closing.
