Indianapolis, Indiana-based Monarch Beverage,Indiana's largest distributor of beer and wine, has announced that the company will be laying off 633 employees commencing in December, 2020. The decision was driven by the company's acquisition by Rosemont, Illinois-based Reyes Beer Division. the largest beer distributor in the United States.
“Monarch Beverage Company has been family-owned and locally operated since 1947, and the team has serviced our customers and communities with pride over the past 73 years,” said Monarch’s Chief Executive Officer Phil Terry. “This acquisition represents the coming together of two great long-standing family-owned businesses. Reyes Beer Division is a proven industry leader, and we are confident that they will be a great distributor for the state of Indiana and lead the business to further success.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?