This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
News
Fargo Brewing closes down
Fargo Brewing will close next month after its mounting debts have forced the business to cease operations.
The North Dakota-based brewer, which was originally founded by Jared Hardy in 2010 as Fargo Brewing Company when it began brewing its beer in Black River Falls, Wisconsin, latterly became named Fargo Brewing by 2013.
The business filed for bankruptcy in April this year after owing US$2.1 million to suppliers and has since conceded it will have to close down for good .
The brewery and taproom’s last day of trading will be 27 November and there are now plans afoot for its team to bid farewell to its loyal supporters in the lead up to next month.
Explaining more about the situation, a spokesperson for Fargo Brewing said via the brewery’ social media channels: “After 14 years of blood, sweat, and beers, Fargo Brewing will bid farewell to the community we’ve loved so much. Our last day of operations will be Wednesday, November 27th. While this may be goodbye, we feel tremendous gratitude for this community, the connections we’ve made with our customers (many of whom have become dear friends), and the craft beer community as a whole.”
The spokesperson pointed out that the sector needed support and explained: “Craft beer is alive and well in our region, but it thrives only with your continued support. This may be the final chapter of the Fargo Brewing story, but our industry needs your help to keep writing the stories of other breweries in the area.”
The spokesperson went on to thank the brewery’s supporters for “being a part of our journey” and added: “In the coming weeks, please stop by the taproom to share stories and raise a toast with our staff, who have worked tirelessly on this journey. We’ll be announcing plans for an official ‘last call’ very soon and hope you can join us as we bid farewell.”
Back In April, Hardy assured local press via The Forum that the bankruptcy filing was only being done to reorganise the company’s liabilities to rebuild it “for a sustainable and successful future”,
During those months, Hardy had said that since coming out the issues arose due to coming out of the pandemic and into a new taproom in 2021 and reportedly admitted that the brewery had not met its business projections and had been feeling the pressure of significant debt.
Hardy said at the time: “This is a day we worked hard to avoid, and FBC is committed to working through this difficult time to continue to operate within the community, state, and region we love.”
He went on to lament that the beer industry has experienced many challenges over the years, including the pandemic, as well as a raft of supply-chain issues as well as changes in consumer drinking habits which have led to situations like these.
Related news
Fugitive tycoon Vijay Mallya challenges Indian authorities over £700m asset seizures