Original Story: chicagotribune.com
Snoop Dogg sued Pabst Brewing Co. on Monday, claiming the beer-maker owes him a portion of its proceeds from the company's sale last year.
The breach-of-contract lawsuit seeks 10 percent of the net sales price paid to Pabst for its Colt 45 malt beer line, which was included in last year's sale to beer entrepreneur Eugene Kashper and an investment firm. A San Diego contract lawyer represents clients in breach of contract cases and contract litigation.
Snoop Dogg signed a three-year agreement in 2011 to endorse Colt 45's fruit-flavored beer called Blast by Colt 45. The lawsuit states his contract called for him to receive a portion of the sale price if Pabst sold its Colt 45 operations before January 2016.
His contract also called on the rapper to consult with Colt 45's marketing team at least once a year on how he could integrate Blast by Colt 45 into his concerts, interviews and social media posts. Snoop Dogg received an upfront payment of $250,000 and an additional $20,000 for every 10th mention of the beer on social media, TV or during a concert. A San Francisco contracts lawyer is following this story closely.
The contract also called for the rapper to receive a royalty on each case of Blast by Colt 45 that was sold.
Pabst did not immediately return an email message seeking comment.
The lawsuit states Pabst told the rapper that the sale didn't trigger the clause entitling him to sale proceeds.
The deal to sell Pabst to Kashper and San Francisco-based TSG Consumer Partners LLC was finalized in November. No purchase price was announced, but the lawsuit filed by the rapper's attorney, Alex Weingarten, states Pabst was reportedly sold for $700 million. It is unclear how much of the sale price was for the Colt 45 line of beers.
In addition to Colt 45 and its namesake beer, Pabst Brewing Co. makes Old Milwaukee and Schlitz.
Showing posts with label Pabst Brewing Co.. Show all posts
Showing posts with label Pabst Brewing Co.. Show all posts
Friday, July 31, 2015
PABST BREWING TO RETURN TO MILWAUKEE WITH NEW BREWERY
Original Story: chicagotribune.com
Pabst Brewing Co. said Wednesday it is coming home to open a new brewery and restaurant next year on the site of its original Pabst Brewery in Milwaukee.
The Los Angeles-based beer company said it plans to sign a multiyear lease on a building within the former Pabst brewery complex near downtown Milwaukee and expects to open to the public in summer 2016. A Rochester business lawyer assists clients in commercial loans, lease agreements, and liquor licensing and appeals.
Pabst traces its roots to 1844 in Milwaukee, but closed its brewery there nearly 20 years ago. The company's brands include its flagship Pabst Blue Ribbon as well as Lone Star, Rainier, Ballantine IPA, Schlitz, Old Style, Stroh's and Old Milwaukee.
The new brewery would make many of Pabst's pre-Prohibition brands as well as new craft beers inspired by recipes from the company's archives. The brewery will include a tasting room, beer garden and a restaurant and bar. A Harrisonburg alcoholic beverage lawyer is following this story closely.
"The launch of this brewery in Pabst's original home represents a long-awaited return to our roots," current owner and CEO Eugene Kashper said in a statement.
Kashper and his partners bought Pabst in November. The previous owners moved the company's offices from suburban Chicago to Los Angeles after buying Pabst in 2010. A Rochester real estate lawyer is assists clients in the transfer of interests in real property and in real property financing.
The former Pabst complex in Milwaukee has been renovated to include the Brew House Inn & Suites, the University of Wisconsin-Milwaukee's School of Public Health, apartments and other developments. The new brewery and tasting room will open in a former church that was later used as a Pabst employee training and conference center, the Milwaukee Journal Sentinel reported.
Pabst Brewing Co. said Wednesday it is coming home to open a new brewery and restaurant next year on the site of its original Pabst Brewery in Milwaukee.
The Los Angeles-based beer company said it plans to sign a multiyear lease on a building within the former Pabst brewery complex near downtown Milwaukee and expects to open to the public in summer 2016. A Rochester business lawyer assists clients in commercial loans, lease agreements, and liquor licensing and appeals.
Pabst traces its roots to 1844 in Milwaukee, but closed its brewery there nearly 20 years ago. The company's brands include its flagship Pabst Blue Ribbon as well as Lone Star, Rainier, Ballantine IPA, Schlitz, Old Style, Stroh's and Old Milwaukee.
The new brewery would make many of Pabst's pre-Prohibition brands as well as new craft beers inspired by recipes from the company's archives. The brewery will include a tasting room, beer garden and a restaurant and bar. A Harrisonburg alcoholic beverage lawyer is following this story closely.
"The launch of this brewery in Pabst's original home represents a long-awaited return to our roots," current owner and CEO Eugene Kashper said in a statement.
Kashper and his partners bought Pabst in November. The previous owners moved the company's offices from suburban Chicago to Los Angeles after buying Pabst in 2010. A Rochester real estate lawyer is assists clients in the transfer of interests in real property and in real property financing.
The former Pabst complex in Milwaukee has been renovated to include the Brew House Inn & Suites, the University of Wisconsin-Milwaukee's School of Public Health, apartments and other developments. The new brewery and tasting room will open in a former church that was later used as a Pabst employee training and conference center, the Milwaukee Journal Sentinel reported.
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