Gizmo Brew Works Files for Chapter 11 Bankruptcy Protection; Locations Remain Open ...Middle East

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Gizmo Brew Works Files for Chapter 11 Bankruptcy Protection; Locations Remain Open
The Raleigh-based brewery Gizmo Brew Works, which has a location on East Franklin Street in Chapel Hill, filed for Chapter 11 bankruptcy protection on Monday. The brewery’s three locations in Raleigh, Durham and Chapel Hill will all remain open. Gizmo cited financial difficulties stemming from the pandemic, which came shortly after a production facility expansion in 2018-19, and the grand opening of the Franklin Street location in early 2020. “The difficult but necessary decision has been coming for some time,” Gizmo said in a statement. “While fortunate to survive the pandemic as a company, recovery post-COVID has not been sufficient to balance the debt that was taken on during the prior b

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