$300 Million = Retro-beer Cred
Realbeer.com posted a news item about Pabst Brewing being up for sale again. The reason for the sale is the current owner is a charitable foundation (The Kalmanovitz Charitable Foundation) and the Internal Revenue Service (IRS) does not “allow charitable foundations to own for-profit companies”. Pabst has been put up for sale a few times in the past few years, in order to conform with this tax rule, but no buyer was found. Given the current economic climate, and the fact “overall company sales declined 3.3% in 2008″, I find it doubtful a buyer will be found, and the IRS will, once again, extend the sale deadline for The Kalmanovitz Charitable Foundation. If you have $300 million burning a hole in your pocket, and you want some retro-beer “cred”… here is your chance.
Categories: Beer News
Follow Us On Twitter
1 Comment »
One Response to “$300 Million = Retro-beer Cred”
Care to comment?
[...] month back we mentioned the fact Pabst Brewing was up for sale again. Well it turns out “two advertising agencies have come together for a first” in [...]