Tuesday, September 15, 2020

Hopsters Files for Chapter 11 Bankruptcy

A local brewery with two locations in the Boston area has declared bankruptcy.

According to a source, Hopsters has filed for Chapter 11 Bankruptcy, with a post within the Newton-Needham Regional Chamber website saying that founder/owner Lee Cooper is looking to reorganize and reinvent the business in able to survive. In the post, Cooper says that "We have a new menu and new leadership and we are trying our damnedest to get people in. Alas, our Newton sales are abysmal, with an older population or younger families, people are too afraid to dine out in Newton, unemployment also doesn't help." His hope is that he will be allowed to hold off from paying vendors until the pandemic lessens, explaining that "It's a novel attempt, however not without precedent....It may be an option for similar independent restaurants to follow if they want to keep their business alive."

Hopsters has locations in Newton Corner and Boston's Fort Point neighborhood, with its website being found at https://www.hopstersbrew.com/

by Marc Hurwitz (Also follow us on Twitter at @hiddenboston)

[A related post from our sister site (Boston's Hidden Restaurants): List of Restaurant Closings and Openings in the Boston Area]

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