Modern Times Beer is Contracting Massively, Closing 4 of 8 Locations

Just a day after we learned that Portland’s beloved Hair of the Dog Brewing Co. was shutting down operations, comes an even bigger set of brewery closures. Late Monday, the California-based Modern Times Beer announced a sweeping set of closures and a huge reduction in the company’s beer distribution, which will see Modern Times close 4 of its 8 brewery taproom locations and refocus its distribution solely on California and the Southwest. The announcements initially arrived via social media, as seen in the Instagram post below, with a longer blog post on the Modern Times website going into more detail on the closures. As they put it, in an extremely grave tone:
Today is the most difficult day we’ve ever had at Modern Times. Over the last two unimaginably challenging pandemic years, we’ve done everything we could to keep all of our newly-opened locations afloat in a landscape we never could have imagined when we began building them. As new leadership has stepped up and taken the helm over the last few weeks, it became clear that the financial state of the company that we are now tasked with directing is not just unsustainable, but in immediate and unavoidable peril. As a result of this, we are forced to make some incredibly hard choices, which—while necessary for the health and continued success of our company—will result in many of our talented, hardworking staff losing their jobs. As of the end of this week, we will be closing our Portland, Oakland, Santa Barbara, and Los Angeles locations.
The above quote makes reference to some of the upheaval that was already plaguing Modern Times before the closures were ever announced—it’s been only a month, in fact, since the company introduced new CEO Jennifer Briggs, who arrived after 12 years as the VP of HR and Organizational Development at New Belgium Brewing. She replaced founder and original CEO Jacob McKean, a Stone Brewing alum who founded Modern Times in 2013 and stepped down in 2021. after an industry wide spate of accusations about sexist, toxic and racist workplace cultures. The closure statement suggests that the dire financial straits the company is facing weren’t fully understood until this new CEO came onboard, saying the following: