The Firkin for March 2024

Maybe it should be changed to seller beware.  Cigar City Brewing in Florida famous for Jai Alai IPA and Florida Man beer has had brewing shifted out of state to Brevard, North Carolina.  With a lamentable loss of jobs as Monster Brewing Company shifts production.

As much as I understand the desire to flee that state, this shows yet again that no amount of assurances before an owner signs on the dotted line can be expected.  Owners have to foresee that new owners will do what they want and you have to be ready to either buy back or walk away, both at a moments notice.

It is 2024 and corporations keep telling us they don’t give two shits by raising insurance rates, selling our data or shrinking packaging to barely anything so we simply cannot be surprised when a corporation chucks away people and brewing history.

My suggestion for brewery owners about to sell is to lawyer yourself a way to retaining ownership of the brand name if certain conditions occur such as moving brewing or changing mission statements.

Leave a Reply

Your email address will not be published. Required fields are marked *