Modern Times Brewing made a sad, but understandable announcement today regarding the future of Modern Times:
“Today is the most difficult day we’ve ever had at Modern Times. Over the last two unimaginably challenging pandemic years, we’ve done everything we could to keep all of our newly-opened locations afloat in a landscape we never could have imagined when we began building them. As new leadership has stepped up and taken the helm over the last few weeks, it became clear that the financial state of the company that we are now tasked with directing is not just unsustainable, but in immediate and unavoidable peril. As a result of this, we are forced to make some incredibly hard choices, which—while necessary for the health and continued success of our company—will result in many of our talented, hardworking staff losing their jobs.
As of the end of this week, we will be closing our Portland, Oakland, Santa Barbara, and Los Angeles locations. It is a surreal and painful turn of events for us, and we realize that the suddenness of it puts many people we care about in very difficult positions. We truly wish that there were another way to resolve the financial issues we now face, but we have been put in a position—by the pandemic and global declines in the craft beer industry—from which this tremendously difficult path is the only way forward for us. While it is a path that we feel will lead to a renewed vision and new life for Modern Times, it doesn’t make taking these drastic measures any less heartbreaking.
Our Point Loma, North Park, Encinitas, and Anaheim locations will remain open, and we will be turning our distribution and hospitality efforts back to Southern California and the Southwest as we do everything we can to step away from the opacity and unanchored optimism of the past and build a smaller, smarter, more focused, and more equitable company for the future.” – Modern Times Brewing
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