Popular beer brand shuts down brewery, lays off employees

The craft beer industry faced declining production and fewer breweries in operation in 2024 as economic challenges impacted the sector, with some brewers forced to close operations and, in other cases, file for bankruptcy.

Americans' thirst for craft beer declined last year as craft brewers produced 23.1 million barrels of beer in 2024, for a 4% decrease compared to 2023, according to an April 15 report from the Brewers Association.