In a genius (and classy) move, San Diego’s Modern Times is now employee owned, a first for a California brewery.
In a climate where craft breweries are selling out like the Red Hot Chili Peppers, employees recently repurchased 30% of Modern Times shares from out of state investors — with plans of being 100% employee-owned sooner than later.
“This is my single proudest achievement as Founder & CEO of Modern Times”
said majority owner Jacob McKean. “Making Modern Times an employee-owned company gives me a sense of satisfaction that is somewhere beyond joy.”
Cue the music….
#YEWworthy move, Jacob, and for that, we salute you, Mr. F The Man Keep Local Beer Local !
(Mr. F The Man Keep Local Beer Local)
You could have sold out to MillerCoors or AB-InBev or some investment group from some city bigger than San Diego, but NO!(I.P.A. plus move!!)
In four years, you’ve entered six states on the West Coast with your exquisitely designed 16-ounce cans.
(Fortunate Islands is F’in beautiful)
AND you’re roasting your own COFFEE now !
(Something smells delicious)
So crack open an ice cold Lomaland, Mr. F The Man, Keep Local Beer Local. You’ve got two breweries opening in Los Angeles and a tap room coming to Encinitas — ALL (to be) owned by your employees …
(Can I have a job Mr. F The Man Keep Local Beer Local?)