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Craft brewers continue struggle in marketplace

Posted: 6:33 AM, Oct 03, 2018
Updated: 2018-10-03 07:33:30-04
Craft brewers continue struggle in marketplace

KANSAS CITY, Mo. – The seemingly endless variety and number of brands to choose from in your local beer case might be getting smaller.

Earlier this summer, Manhattan, Kansas-based Tallgrass Brewing announced it was closing down after failing to secure financing.

On Tuesday, Lagunitas Brewing Company, based in California and one of the most well-known craft brewers, announced it was cutting 12 percent of its workforce .

“The craft beer market is rapidly evolving and, in many ways, more challenging,” Lagunitas CEO Maria Stripp said in a statement.

The changing marketplace continues a trend of lower profits and restructuring among local and national brewers.