The company says the move is supported by an investment from Vancouver-based Yellow Point Equity Partners.
"All employees are being given the chance to be owners as well as brewers, bottlers, and beer evangelists," the company said in a statement posted to its"Dedicated employees who have been with the company for three years will be eligible to become owners." Founder Matt Phillips will remain active in the company after 21 years of sole ownership, while the brewery’s employees take on "a substantial and growing stake in the brewery over the next few years," the company said.
The company says the decision to move to an employee-ownership model is "a recognition of the incredible passion and talent of the employees of the brewery."
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All the restaurants in the CRD that tried this already went bust. phillipsbeer is my favourite. It will be depressing when their 'business model' collapses. Red Buck Ale is skunk beer. Stick with Blue Buck Ale and capitalism. Don't move this way.
Socialism doesn't work.
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