Beloved beer brand files for Chapter 11 bankruptcy

The Great Beerpocalypse, the economic downturn affecting the craft beer industry since the Covid-19 pandemic, continues to claim victims as brewers shut down taprooms and breweries and sometimes file for bankruptcy.

American craft brewers produced 23.1 million barrels of beer in 2024, which was a 3.9% decrease from 2023, according to the Brewers Association's Annual Craft Brewing Industry Production Report that was updated on May 6.