Beer Business Daily – beer industry news and numbers

Redhook Future in Question

The auditor for Redhook Ale Brewery has determined that the brewery's survival is in question. The brewer said it may default under a bank credit agreement and be forced on Dec. 31 to redeem Series B preferred stock if a distribution agreement with Anheuser-Busch is terminated early.Redhook Chief Executive Paul Shipman said he is negotiating with A-B and all is well. "We believe that the relationship with Anheuser-Busch and its distributors is good," Shipman said in a statement. "Neither Redhook

You need a subscription to access this article.Login now or subscribe to get daily industry insights!

Channels