Arcadia is facing foreclosure after taking out too big of a loan to expand (same old story). Shouldn’t be a surprise for any beer geek since Arcadia has not been relevant for a very long time.
Great Waters, oldest brewpub in St. Paul, has closed. This one is particularly surprising since expansion and increased debt should not have been the culprit.
Descutes cuts labor force and sees a reduction in sales.
Schlafly in StL just fired their CEO for doing some shady shit including anonymously bad mouthing another brewery in town. Their sales have been dropping recently. They sold to a private equity a few years ago, so their owners were smart.
The St. Louis Brewery, which makes Schlafly beer, issued a joint press release with 4 Hands acknowledging that an unnamed Schlafly “senior executive” had “caused negative and misleading information to be circulated about 4 Hands” via an anonymous newsletter. The company added that the executive had since resigned.
The newsletter in question, called Brew IQ in the Lou, claimed 4 Hands was named after a sex act performed at massage parlors.
“The ladies are becoming woke and are starting to ask questions,” the newsletter said. “We’d like to give them a hand, but think the four are proving to be too many.”