Another popular brewery files Chapter 7 bankruptcy | Global Market News
The craft beer industry entered 2025 in search of enchancment over the earlier yr, after the general quantity of working craft breweries declined for the primary time since 2005 because the quantity dropped to 9,680 nationwide, down from 9,747 in 2023.New brewery openings additionally declined for the fourth consecutive yr, with 434 new breweries opening and 501 closing, in accordance with an April 15 report from the Brewers Association. 💵💰Don’t miss the transfer: Subscribe to TheStreet’s free every day publication💰💵The report had more dangerous news for American craft beer manufacturing as craft brewers produced 23.1 million barrels of beer in 2024 for a 4% lower in comparison with 2023. The craft beer industry’s share of the beer market quantity was flat at 13.3%, the identical as in 2023, whereas the general beer market declined by 1.2% in quantity.Related: Popular beer model shuts down brewery, lays off staffThe downturn within the industry affected a number of craft brewers, together with popular Texas-based craft brewer Alamo Beer Company LLC, which filed for Chapter 11 bankruptcy safety on Feb. 3 to restructure its debt obligations and proceed as a going concern.
Craft beer industry having issuesThe debtor sought to restructure its debt and reorganize its business, as San Antonio’s craft beer industry had been having financial issues.The metropolis’s craft brewers (*7*) Souls Brewing Co. and Busted Sandal Brewing Co. in fall 2024 shut down, and Freetail Brewing Co. ended its beer distribution operations. Two months later, Cary, N.C.-based Cotton House Craft Brewers, on April 8 filed for Chapter 11 bankruptcy to restructure its business after dealing with important financial strains during the last two years, in accordance with the debtor’s Facebook post.The industry has more misery coming within the subsequent month because the Squatters Craft Beer and Wasatch Brewery amenities in Salt Lake City will completely shut down on May 23, however the company has not indicated that it’ll file for bnkruptcy.
Brüeprint Brewing Company has filed for Chapter 7 bankruptcy liquidation.Image source: Shutterstock
Brüeprint Brewing files Chapter 7 liquidationAnd now one other Cary, N.C.-based craft brewery is declaring bankruptcy as Brüeprint Brewing Company, which at one time brewed 18 completely different craft beers, filed for Chapter 7 safety and can doubtless close down operations and liquidate its property.Related: Popular liquor model files for Chapter 11 bankruptcy The craft beer brewer listed $100,000 to $1 million in property and $1.78 million in liabilities in its petition filed on April 9, Triangle Business Journal reported.More bankruptcies:
The debtor stated it might not have ample property to pay unsecured collectors. The company didn’t state a motive for submitting for bankruptcy. Brüeprint was established in April 2014, brewing beers with distinctive names, together with Pale Brüe Eyes, Brüenette, Brüe Scarlet Amber Ale, Edinbrüe Scotch Ale, and Midnight Brüe.The brewer’s beer on faucet was accessible at varied North Carolina eating places, and its canned beers may very well be discovered at varied bottle outlets and grocery shops, together with Whole Foods, Total Wine & More, Wegmans, Fresh Market, Food Lion, Harris Teeter, Lowe’s Food, and Weaver Street Markets. The brewery revealed on its web site final yr that it was closing a taproom and shifting its location in fall 2024. But it by no means revealed the place its new location can be on its web site. It marketed that it might serve $5 pints and offer merchandise specials from May 19, 2024, till it moved.In much less than a yr, the brewery filed for Chapter 7 liquidation.Related: Another popular whiskey model files for Chapter 11 bankruptcy
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