Pabst Blue Ribbon: $250 Million In Hipster Gold

Three things to know about Pabst Brewing Company, of Pabst Blue Ribbon fame:

1. The guy who used to own Pabst died, and left the company to a charitable foundation. The IRS isn’t happy about that.

2. Sales have been rising (thank you, Williamsburg), and the company may soon be bought for $250 million.

3. Pabst is a “virtual brewer” – it pays other companies to make its beer.

I don’t quite get the hipster chic of drinking shitty beer, but whatever…

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