Popular brewery stops making beer, files Chapter 11 bankruptcy
The beer company will begin making non-alcoholic, ready-to-drink beverages instead of beer.
The beer company will begin making non-alcoholic, ready-to-drink beverages instead of beer.
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Why it matters
The bankruptcy of a popular brewery and its pivot to non-alcoholic beverages is a routine corporate restructuring event with limited direct impact on credit markets or broader financial professionals.