USA, CA: Border X Brewing in trouble without major cash infusion

Border X Brewing could be in trouble without a major cash infusion, reports L.A. Taco.

The Latino-owned craft beer operation, �is in danger of closing its Southeast Los Angeles location in Bell without outside investment,� writes reporter Beth Demmon. The plan, owner David Favela says, is for a financial partner to take up to a 40 percent ownership stake in the company in order to keep the brewery afloat, after years of pandemic slowdowns and flagging sales. �COVID� tripped us up and we haven�t had the capital to recover from the disaster,� Favela tells L.A. Taco. The Border X location in Bell opened in March 2019.

The possible closure of Border X in Bell is just the latest in a series of tumultuous moments for the greater Los Angeles craft beer scene, which has had to face many difficult questions after a series of big-name closures earlier this year, including Strand Brewing in the South Bay. There are no clear answers for how to come out of debt and increase sales, operators say, though some have taken to diversifying their company�s offerings into restaurants and distilleries as a way to spread around risk and increase opportunities.

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