Speakeasy Ales Death May Have Been Greatly Exaggerated
Perhaps it was too quick to announce that it was ceasing operations, or maybe the announcement brought about some movement and a possible new owner/investor, but either way, it appears that San Francisco’s twenty-year-old Speakeasy Ales & Lagers has been saved from the brink of death. On March 10th, Speakeasy announced it was shutting down immediately due to banks refusing to extend credit after the brewery possibly went a little too deep down the rabbit hole of spending and expansion, while growth has tremendously slowed and competition is fierce.
On Friday, March 17th Speakeasy posted on its blog:
Speakeasy Ales & Lagers is working hard to maintain a future for their San Francisco brewery after agreeing to enter receivership on March 13, 2017. The company’s tap room will remain closed, but the brewery continues to produce your favorite beers, in addition to the all-new Murky Business APA. Speakeasy will continue while a sale to a new owner is anticipated to close during the next 45 days. Stay tuned for more updates about the future of Speakeasy Ales & Lagers by following their website and social media accounts.