Press Clips: Pike to Close Pub & Fish Bar; Molson Coors Shares Michelle St. Jacques' Severance Package
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Press Clips: Pike to Close Pub & Fish Bar; Molson Coors Shares Michelle St. Jacques' Severance Package
"Pike Brewing (Seattle, Washington) will close Pike Pub and Pike Fish Bar, both located at the city's iconic Pike Place Market, it announced this week. The locations' final day of service will be November 30. All pints cost $4 until then, Pike shared. The closure comes slightly more than two years after Pike moved its brewing operations to a new facility in Seattle's SoDo neighborhood. That brewery does not have a taproom at the location."
"St. Jacques will receive severance pay of $750,282 (minus withholding taxes) in a lump sum or installment payments through November 14, 2026. However, those payments are conditioned upon whether she accepts full-time employment, including if she goes to work for a competitor of Molson Coors, in which she would forfeit any further severance pay and benefits, including any bonus payment."
Pike Brewing will close Pike Pub and Pike Fish Bar at Pike Place Market, with the final day of service on November 30 and $4 pints until then. The closures follow Pike's move of brewing operations to a new SoDo facility, which does not include a taproom, and customers are directed to retailers across the PNW and the Seattle Convention Center Summit taproom. Pike's 2024 output declined 63% year-over-year to 1,995 barrels. Molson Coors detailed separation terms for chief commercial officer Michelle St. Jacques, including $750,282 in severance conditioned on future employment and a prorated March 2026 bonus.
Read at www.brewbound.com
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