Modern Times Beer Announces Closure

Modern Times Beer Announces Closure

Modern Times Beer today released an announcement about their upcoming closure.

Modern Times Beer Announcement

In very un-Valentine’s Day like news, we have the sad news that Modern Times Beer has announced their upcoming closure. This is tough news as they are a very popular brewery with a large distribution market and some really incredible beers.

Their announcement that they posted at 4PM today (2.14.22) with the above image reads:

As of the end of this week, we will be closing our Portland, Oakland, Santa Barbara, and Los Angeles locations. It is a surreal and painful turn of events for us, and we realize that the suddenness of it puts many people we care about in very difficult positions. We wish that there were another way to resolve the financial issues we now face, but we have been put in a position—by the pandemic and global declines in the craft beer industry—from which this tremendously difficult path is the only way forward for us. While it is a path that we feel will lead to a renewed vision and new life for Modern Times, it doesn’t make taking these drastic measures any less heartbreaking. An instagram caption doesn’t seem like adequate space to go into great detail here, but we have prepared a statement on the closures and what’s next for MT, which you can read via our blog (link in bio). We know we’ve asked a lot of our friends and family within the last 2 years, but if we could ask just one more thing, it would be that you pay some of your favorite beer enthusiasts a last visit this week. The affected locations final day of business will be Friday.

*League members and those with pickup items at the affected locations will receive separate communication about next steps

Modern Times Beer (Facebook Post)

You can find their blog here: Modern Times Beer Blog – Hard Decisions and the Path Forward.

Their blog post leads off with the following:

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. It is a surreal and painful turn of events for us, and we realize that the suddenness of it puts many people we care about in very difficult positions. We truly wish that there were another way to resolve the financial issues we now face, but we have been put in a position—by the pandemic and global declines in the craft beer industry—from which this tremendously difficult path is the only way forward for us. While it is a path that we feel will lead to a renewed vision and new life for Modern Times, it doesn’t make taking these drastic measures any less heartbreaking.

Modern Times Beer Blog – Hard Decisions and the Path Forward.

Stay tuned as we update this post as more comes out leading up to their closure.

50% Off

(Articled Edited: 2.16.22 – 8:05PM)

HEADS-UP: Everything is 50% off at our Portland, Oakland, Santa Barbara, and Los Angeles spots. This offer is valid on-site only through the end of the day on Friday (hours for each location are updated at moderntimesbeer.com). We’d be honored if you swung by to say goodbye.

Here are those hours, just in case:

DTLA
Wed-Thurs 12PM-8PM
Fri 12PM-5PM

SB
Wed-Thurs 12PM-8PM
Fri 12PM-5PM

OAK
Wed-Thurs 12PM-10PM
Fri 12PM-5PM

PDX
Wed-Thurs 12PM-8PM
Fri 12PM-5PM

Modern Times Social Media Accounts

Closing

(Article edited: 2.17.22 – 9:45PM)

Modern Times posted about their closure tomorrow with a series of pictures:

Tomorrow at 5PM, we will close our doors in DTLA, Santa Barbara, Oakland, and Portland. We have so many great memories at these spots; a whole lot of rad beers—and even radder people—have sat at our bars, and we are eternally grateful to every person that had a hand in making these places what they were. Thank you to everyone who has come out over the past few days; our kitchens are officially out of food, and we are moving through packaged and draft beer and coffee swiftly. We heartily encourage folks to swing by and close it out strong tomorrow.—NOTE: If you have outstanding orders to pick up at any of these locations, we highly recommend collecting them tomorrow. If you are unable to, information on how to proceed is forthcoming.

Modern Times Beer Social Media

Closures

Unfortunately it seems like the bubble is not quite near bursting yet on breweries and closures. COVID-19 / coronavirus certainly hasn’t helped things (exasperated many breweries, the country, and world wide). There has been large growth for years in the number of breweries, and it seems like we are now at that tipping and bursting point where we might start to see more and more closures than openings. Hopefully not.

Other Half Brewing Company will be opening this Friday (in Philadelphia) and that is good news, and is nice to hear in counter to Modern Times Beer closing on Friday. Maybe its a yin and yang kind of thing. Who Knows. Hopefully there will be more openings than closures in the future.

For more articles on openings, closures, and brewery news, please see below:

Thanks For Reading

As I’ve said in the Other Half article, I will be making my way out to Philly on Friday to check out their grand opening. Hopefully I’ll see some of you there. The place looks banging and the tap list looks killer!

Cheers!

-B. Kline

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