FARGO (KFGO) – Fargo Brewing Company has filed for Chapter 11 bankruptcy protection.
Co-founder and President Jared Hardy says the company filed for the protection in order to reorganize its liabilities for what he calls “a sustainable and successful future.”
“Since coming out of the pandemic and into a new taproom in 2021, FBC has not met its business projections while feeling the weight of significant debt in an ever-changing industry,” Hardy says. “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.”
Hardy says Fargo Brewing Company has also experienced challenges including the COVID-19 pandemic, supply-chain issues, and changing drinking habits.
Hardy says customers should not see any changes with the same operating hours and upcoming events continuing as planned.
“We are incredibly thankful for the support of our customers, community, investors, partners, and team as we get on solid ground,” Hardy says.
Fargo Brewing Company has been open since 2010. It is North Dakota’s longest operating brewery, and frequently hosts events such as concerts and comedy shows.
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