Reported 2 days ago
City Brewing Co., the maker of popular alcoholic beverages like White Claw and Pabst Blue Ribbon, is in talks with creditors for an out-of-court restructuring that may see lenders take control of the company. The discussions, which intensified amid declining demand, aim to address the brewer's financial difficulties following missed interest payments and prior debt restructuring efforts. The company continues to seek a solution while working with financial advisors.
Source: YAHOO