"essentially came to the conclusion that this is just too much pressure in this industry, too many headwinds and they're not going to fund this anymore,"
"We've brought in a new CEO through a new partnership aimed at bringing in suppliers both inside and outside the beer space, with the goal of developing a broader platform and filling capacity at our San Leandro production facility,"
"I'll be taking some much-needed time off, then exploring future opportunities."
21st Amendment Brewery, founded 25 years ago in San Francisco, is shutting down after its financial lender decided to stop funding the company. The San Francisco brewpub, San Leandro taproom, and large San Leandro production facility are slated to close by early November, with the SF brewpub possibly closing sooner after baseball season ends. Founders had recently announced stepping back from daily operations and hiring a new CEO to pivot the San Leandro facility toward producing beverages for other companies, but that operating partnership and financing plan fell through last week.
Read at SFGATE
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