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"There's a Tear in My Beer:" Hard Times Creep into the Brewing Industry
SUGAR LAND--November 25, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Craft Brewers Alliance (NASDAQ:HOOK) (Portland, Oregon) was formed on July 1, 2008, when Redhook Ale Brewery Incorporated (Woodinville, Washington) merged with Widmer Brothers Brewery (Portland, Oregon). The company currently operates four breweries: Redhook, Widmer, Kona Brewing Company (Kailua Kona, Hawaii) and Goose Island Beer Company (Chicago, Illinois). Craft Brewers' very first quarterly results were not particularly good when compared previous Redhook earnings. Virtually everything seems to be moving against the company at the moment, including increased competition and a softening luxury market stemming from the nation's economic downturn.
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Industry Segment: Food & Beverage
Word Count: 467 Words
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