After months of uncertainty that followed the February announcement that it was closing 4 of its 8 brewery locations, influential West Coast brewers modern times have confirmed that the brand is almost certainly headed toward a sale in the near future , which could threaten the continued existence of the brand.
Did Modern Times go out of business?
April 5, 2022 In mid-February, Modern Times Beer announced the impending closure of its Portland, Oakland, Santa Barbara, and Los Angeles locations due to financial issues The company blamed the problems on the pandemic and global declines in the craft beer industry.
What happened to Modern Times?
The founder and chief executive of well-known san diego craft brewery Modern Times is stepping down amid continuing fallout from viral social media posts alleging rampant discrimination, sexual harassment and toxic work environments for women in the brewery/bar industry.
What did Modern Times CEO do?
Founder Jacob McKean, who started Modern Times in 2013, stepped down as CEO after the brewery was called out in more than a dozen Instagram posts for having a hostile work environment for women and people of color, with complaints ignored by management.
Who bought Modern Times brewery?
During a June 17 auction of qualified bidders for San Diego’s Modern Times Beer, Anaheim, California’s Brewery X emerged as the winning bidder for $20 million. It was more than twice as much as an initial “stalking horse” bid made by Maui Brewing for a reported $7.62 million.
How much is Modern Times worth?
Valuing Itself at $264 Million , Modern Times Seeks $1 Million via Wefunder.
Where did Modern Times start?
The Modern Age began after the middle ages and lasted through the early decades of the 20th century, when the Postmodern Age began. The Modern Age was marked by enlightenment philosophy, which focused on the individual and placed a high value on rational decision making.
How many calories are in modern times beer?
Servings : Oz: total calories Derived From Source: 210 Total Calories Derived From Fat: 0.
What are modern times?
Modern Times are the period from Enlightenment and the 18th century until today Modernity, based on Modernism, explores the changes of society due to the industrialization.
How many calories is in a modern times hazy IPA?
Then the twist; we delicately imbibed this majestic liquid with carbonated water, whose minerality not only emphasises the hop character and creates a sensational mouthfeel, it also brings everything down to a cool 3.2% ABV and 100 calories per can.
Is Modern Times publicly traded?
Starting 8 p.m. Monday, shares in non-voting common stock will be sold online at https://wefunder.com/moderntimesbeer. The price: $252.20 per share. Offered under Regulation CF, these shares will not be traded publicly.
Why was modern times founded?
“Modern Times” was a utopian community built on Long Island in 1850 by a bunch of wild-eyed wingnuts who thought they could demonstrate to the world what a more perfect society might look like.
Where is modern times beer based?
Modern Times started in 2013 as a small brewery and tasting room in San Diego’s Point Loma neighborhood.
What happened in the early modern period?
Building on inventions, such as the printing press, gunpowder, and new navigational techniques that had originated in the late Middle Ages, the early modern period saw a dramatic expansion of world trade and commercial activity that some have labeled a commercial revolution.