If you’ve been around the beer scene in Toronto for any length of time, you’ve probably heard some variation of the “Mill Street is about to be bought out by Molson/Labatt” rumour.
Recently, I heard such rumblings again and this time the source had it that it was “a done deal” and that Molson was simply having their lawyers dot the Is and cross the Ts.
Curious about yet another Mill Street sale rumour, I took an unprecedented step to get to the truth of the matter: I asked them. Here’s Steve Abrams, co-founder of Mill Street, responding to my email about the latest “impending sale” rumours:
I can officially and unofficially say no!
These rumours are crazy. Not sure who keeps starting them, but I have my theories!
Thanks for checking in.
So there you go. All cleared up. None of the big guys are buying Mill Street.
Until the next cycle for this rumour in a couple months, obviously.