Magnolia Brewing Company of San Francisco has filed for bankruptcy, but plans to keep its three brick-and-mortar eateries open.
Magnolia Gastropub and Brewery, The Alembic Bar and Smokestack are not expected to close following last week's filing for Chapter 11 bankruptcy protection.
"Our two restaurants are busy, sales are strong, and we're seeing really great growth in our beer distribution. We feel like this is the best course for all of our stakeholders and expect to emerge from this stronger than ever," owner Dave McLean told According to San Francisco Business Times.
McLean's goal is to keep the restaurants business as usual for the customers.
"From an operational perspective, we don't expect anything to change as we continue to brew, serve and distribute our beer, cook the food that we love as much as our guests seem to, and deliver the same experiences that we've always strived to do," he said.