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

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines