Court Likely to Order Sale of Modern Times Brewery. Why Its CEO Is Still Hopeful for Company's Future

📆 2022/04/12 1:00:00
📰 nbcsandiego

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ICYMI: After trying on its own to recover from massive debts, the San Diego-based beer and coffee brewer Modern Times announced this week that its lender has started the process toward a court-ordered receivership and sale of the company.

, dubbed The Lomaland Fermentorium, is described as"2,000 square feet of wildly ambitious decor, über-friendly folks and — of course — beer."

Briggs started in December 2022 after Modern Times' founder and former CEO, Jacob McKean, stepped downthat stemmed from a #MeToo movement for those in the brewing industry. The four locations and their approximately 170 employees — at Point Loma, North Park, Encinitas and Anaheim — will stay open until the receivership sale goes through and, hopefully, much longer, Briggs said.

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