Brewery and beer brand likely to close in Chapter 11 bankruptcy
The beer-maker has purchased multiple smaller breweries, but it has already had to close multiple taprooms.
Sometimes a good business can fail because its owner struggles to maintain other failing businesses. Cash from a successful operation supports the struggling one, and that can end badly for both.
In other cases, owners can take too much money out of the business and leave the company ill-prepared for slow period.
Related: Popular brewery files for Chapter 11 bankruptcy
But, when multiple companies end up under the same corporate umbrella, it can be hard to know what’s doing well and what isn’t.
And when a multi-business corporation ends up in Chapter 11 bankruptcy, it becomes even more confusing. The court may want some assets sold for parts and others to remain operating.
To make that happen, the bankruptcy court may need to appoint different leadership for different parts of the business.
One group may supervise selling off certain assets for cash, while another might take charge of keeping successful brands in good shape so they can be sold whole.
