Probably not really the right phrase, but it was pretty interesting to hear that Constellation was selling off Ballast Point to a small brewing operation for a fraction of the $1billion they paid for it. I had originally read that the sales price was something crazy like $17million, but this article is saying its something more like $75-200m.
Here's hoping that the BP brand recovers well, it seems like they lost a lot of good people when Constellation started cutting back on a lot of the employee features/perks that were in place.
Ballast Point's rise, fall and sale: Inside craft beer's most baffling deal
How did a tiny Illinois brewery acquire a craft beer icon once valued at $1 billion?
www.latimes.com
Here's hoping that the BP brand recovers well, it seems like they lost a lot of good people when Constellation started cutting back on a lot of the employee features/perks that were in place.