Denver-area brewery files for bankruptcy; claims financial malfeasance

Joyride Brewing, which has anchored the corner of 25th Avenue and Sheridan Boulevard for the past ten years, said Friday that plans to file for bankruptcy protection.

Brewery co-founder Dave Bergen said in a video on Facebook that he is making a very public announcement as a way to remain open and honest with customers.

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“Joyride will be filing for Chapter 11 reorganization due to suspected financial malfeasance from a former manager,” Joyride said in its statement. “This filing has nothing to do with Joyride’s ability to run a successful and profitable business but rather, has everything to do with the improper and unauthorized spending as well as financial mismanagement from the former manager.

“During this time, Joyride will be reorganizing the brewery, and Dave Bergen has stepped in as president of the company, and he will also continue his role as director of marketing and brewing.

“Joyride will not be closing and everyone will still have their jobs,” the brewery added.

Bergen and Grant Babb opened Joyride in 2014 at 2501 Sheridan, in Edgewater, and added a rooftop patio several years later with views of Sloan’s Lake. Bergen has served as president of the Colorado Brewers Guild and is a very active member of the local brewery community.

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Source:: The Denver Post – Business


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