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Miami Herald
a day ago
- Business
- Miami Herald
Beloved beer brand files for Chapter 11 bankruptcy
The Great Beerpocalypse, the economic downturn affecting the craft beer industry since the Covid-19 pandemic, continues to claim victims as brewers shut down taprooms and breweries and sometimes file for bankruptcy. American craft brewers produced 23.1 million barrels of beer in 2024, which was a 3.9% decrease from 2023, according to the Brewers Association's Annual Craft Brewing Industry Production Report that was updated on May 6. Don't miss the move: Subscribe to TheStreet's free daily newsletter The report revealed that 2024 was the first year since 2005 that the number of breweries closing outpaced brewery openings nationwide, as 430 new breweries opened, while 529 closed. Related: Another popular furniture retailer files Chapter 11 bankruptcy The good news for the industry was that the total number of breweries increased to 9,922 in 2024 from 9,838 in 2023. While openings declined four consecutive years, the closure rate was considered low at about 5%. Craft breweries that closed businesses without filing for bankruptcy included Sacramento-based brewery and taproom chain Device Brewing Company, which shut down all of its locations on April 27 after a landlord filed a lawsuit against the company over $23,000 in unpaid rent. The brewery did not reveal a reason for shutting down its three brewery taproom locations. Atlanta-area craft brewery Jekyll Brewing, which operated four locations in Georgia and one in Florida, closed all of its locations at the end of business on May 11. The brewer's owner Michael Lundmark confirmed the closure of all Jekyll Brewing locations in a post on Atlanta Beer Society's members-only Facebook page, TheStreet's Daniel Kline reported. Craft breweries filed for bankruptcies as well, as La Vista, Neb., beer brand Nebraska Brewing Company filed for Chapter 11 bankruptcy on April 28, 2025, to implement a strategic restructuring, facing uncertain times and economic and supply chain issues. Award-winning craft brewery The Duck-Rabbit Craft Brewery filed for Chapter 7 bankruptcy protection on April 29 to liquidate its assets and shut down its business permanently. The brewery's owner, Paul Philippon, did not state a specific reason for closing down his business in a Facebook post where he thanked his customers. Finally, MurphDog LLC, which owns Ironmonger Brewing Company's brewery, taproom, and axe-throwing range, filed for Chapter 11 bankruptcy protection to reorganize its business, facing financial distress. Related: Another major trucking company files for Chapter 11 bankruptcy The Marietta, Ga.-based brewer filed its Subchapter V petition in the U.S. Bankruptcy Court for the Northern District of Georgia on June 5, listing up to $50,000 in assets and $1 million to $10 million in liabilities, including over $988,000 owed to insider Doug Bippert and over $885,000 owed to Tom Larsen for loans and unpaid compensation. More bankruptcy: Iconic auto repair chain franchise files Chapter 11 bankruptcyPopular beer brand closes down and files Chapter 7 bankruptcyPopular vodka and gin brand files for Chapter 11 bankruptcy The debtor operated a craft brewery, a taproom, a distillery business, and a recreational axe-throwing range. It is unclear if Ironmonger continues to operate. Ironmonger's phone line was not operating, and its website was disabled on June 6. Tripadvisor listed Ironmonger as permanently closed, while Yelp listed the business as closed also on June 6. The company, founded in 2016, brewed several types of beer with unique names, including Zero Mile Pilsner, You Have Feelings IPA, Murph Dog Irish Red for St. Patrick's Day, Oktoberfest, Billet, Et Tu Juiceous, Too Legit to Wit, and Me Seek Porter. Ironmonger Brewering's cans of beer were available at Total Wine & More, Grapes & Grains locations, and other stores in Georgia. Related: Major health care provider files for Chapter 7 liquidation The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
25-05-2025
- Business
- Miami Herald
Iconic Baskin-Robbins local ice cream rival closes after 40 years
Ice cream lovers are usually heartbroken whenever their favorite frozen treat shop permanently closes. Over the last year, consumers have seen their favorite retail stores, restaurants, and even craft beer pubs shut their doors forever, disappointing fans of these establishments. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter Proprietors of these businesses have stated a variety of reasons for closing down, including rising costs of labor and products driven by inflation or, more recently, tariffs; high lease payments; increased costs of debt from higher interest rates; and changing attitudes toward shopping by consumers. Related: Iconic ice cream, fast-food chain closing dozens of locations In some cases, business owners in extreme distress have filed for bankruptcy to reorganize and restructure debt to continue operating. In other cases, businesses will conduct out-of-court restructurings to straighten out their financial situation, which could include cutting costs, layoffs, debt refinancing, renegotiating leases, and closing brick-and-mortar locations. Some reasons for closing down business locations, however, have nothing to do with economic issues. In the first half of 2025, a franchisee of a popular ice cream fast-food chain, Dairy Queen, shut down about 30 locations in Texas over a dispute with the parent company, TheStreet's Daniel Kline reported. Parent company American Dairy Queen pulled the franchises from franchisee Project Lonestar after it failed to remodel its locations. That meant that those locations could not order supplies and would have to shut down. "These closures are related to closures last month by the same franchise owner," a Dairy Queen spokesperson said of the closings. "The closures are an isolated event, and we refrain from publicly sharing contract terms." The dispute prevented Lonestar from selling its franchise locations, which forced it to close the Dairy Queens that it operated. In some cases, a business might have to vacate its premises for serious building repairs that cannot be avoided. Image source: Debat/Getty Images Iconic Palm Beach, Fla., ice cream shop Sprinkles is closing its doors on Memorial Day after 40 years of operation, as a planned extended closure of the shop's building for repairs has forced the owners to shut down the location, the Palm Beach Daily News reported. Related: Bankrupt retail chain closing hundreds of store locations Sprinkles, which first opened for business at 279 Royal Poinciana Way in Palm Beach in 1985, will close on May 26, as the building it occupies will be vacated for a minimum of six months for structural repairs, the ice cream shop's owner Anson Ainsworth told WPBF-25 News. More closings: Popular retail chain to close unprofitable store locationsBankrupt retail chain unloads store leases, key assetPopular discount retailer files bankruptcy, closes all stores The ice cream shop owner said he and his wife, co-owner Cortney Berry, hope to open a new pop-up location in Palm Beach while the original shop's building is being renovated. The owners did not indicate whether they planned to return to the original location after repairs are made. Sprinkles' original owners, Therese Williams and her daughter, Taylor Morgan, opened the business in 1985, and the ice cream shop has since had several ownership changes over its 40 years of existence, Palm Beach Daily News reported. The shop has even served at least one global celebrity over the years, as pop superstar Michael Jackson stopped in for ice cream back in 2003. Sprinkles is a classic ice cream parlor, serving several flavors of ice cream, sorbet, and sherbet, as well as sundaes, milkshakes, and smoothies. Related: Popular grocery store chain closes all locations, no bankruptcy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
07-05-2025
- Business
- Miami Herald
Royal Caribbean makes generous offer to fix overbooking issue
Travel Royal Caribbean makes generous offer to fix overbooking issue CocoCay can accomoadate two of Royal Caribbean's largest source: Daniel Kline/Come Cruise With Me Although overselling flights is common among some airlines to compensate for "no-shows," overselling cruises is not something cruise lines regularly do. Occasionally, it does happen, potentially when the cruise line anticipates receiving some late cancellations. But other factors can contribute to cruise overbookings, too. Related: Royal Caribbean follows Carnival with new island development move When cruise overbookings happen, certain cruisers sometimes get the chance to score big if they're willing to be flexible with their travel plans. One such opportunity was just presented to some Royal Caribbean cruise passengers booked on an upcoming Mediterranean cruise. And in this case, even just being willing to switch to a different stateroom category could reward select flexible cruisers with a nearly free vacation. Sign up for the Come Cruise With Me newsletter to save money on your next (or your first) cruise. This Royal Caribbean cruise ship was just upgraded to add new features like the Ultimate Abyss 10-story dry slide. Image source: Royal Caribbean Royal Caribbean offers free cruise to flexible Allure of the Seas passengers Royal Caribbean reached out to some passengers booked in an oversold stateroom category on the May 15 Western Mediterranean cruise aboard Allure of the Seas. They received a very generous offer to entice them to change their booking, according to an unofficial fan blog not affiliated with the cruise line. "If your plans are set in stone, please mark this email as 'Read,' and gear up for your upcoming adventure - although, there are some pretty sweet options below," the cruise line's email suggested. Royal Caribbean outlined two enticing options that could be available to passengers with flexible travel plans, and both options came with a full refund of their cruise fare, even though they'd still get to cruise. Related: Royal Caribbean CEO reveals key trend that's costing cruisers The first option offered a full refund plus a $200 onboard credit to passengers willing to move to an interior stateroom, which suggests that only the higher stateroom category these passengers booked was oversold. The second option also offered a full refund of their cruise fare, but required the passengers to transfer to a different sailing on another ship – the May 18 Greek Isles cruise aboard Odyssey of the Seas that departs from Rome, the same port as their original Allure of the Seas sailing. With this option, passengers would get the same stateroom category, but the complimentary transfer would only cover their cruise fare for the new sailing and exclude taxes, fees, and gratuities (about $280 per person). Be the first to see the best deals on cruises, special sailings, and more. Sign up for the Come Cruise With Me newsletter. Allure of the Seas is a popular ship that just got major upgrades For most cruisers, especially those set on their itinerary, departure date, and ship, changing stateroom categories would likely be a more attractive option if they want to take advantage of the generous refund offer. The cruise ship and itinerary likely matter most in this specific situation. Although the two cruises both leave from Rome on seven-night itineraries, they visit different ports and sail on ships from different classes. It's likely that many passengers would want to stick with Allure of the Seas due to the fact that Royal Caribbean just completed a highly anticipated $100 million upgrade of the fan-favorite Oasis Class cruise ship. Related: Royal Caribbean adds new onboard WiFi option cruisers will love Highlights of the revamped ship include new bars and restaurants, a reimagined resort-style pool deck, and new thrills like the 10-story dry slide, the Ultimate Abyss. The ship's renovation also added more than 100 additional staterooms across various categories. Allure of the Seas is cruising in Europe this summer for the first time since 2015, sailing seven-night Western Mediterranean cruises from Rome and Barcelona, visiting destinations in Spain, France, and Italy. (The Arena Group will earn a commission if you book a cruise.) Make a free appointment with Come Cruise With Me's Travel Agent Partner, Postcard Travel, or email Amy Post at amypost@ or call or text her at 386-383-2472. Copyright 2025 The Arena Group, Inc. All Rights Reserved This story was originally published May 7, 2025 at 1:48 PM.
