The Buying and Selling of Pabst Blue Ribbon

November 2, 2014 by Latest, News

A little over a month ago, billionaire dealmaker C. Dean Metropoulos decided–after 5 less than years of ownership–to sell Pabst Brewing Company to Russia-based Oasis Beverages. It's hard to deny Metropoulos the chops that he bought a brand and in just a few years can sell it again and put half a billion dollars in his pocket.

Drew Harwell at the Washington Post has an interesting article about the man behind the sale… or to be slightly more precise, the man's family. Metropoulos had his son's run the company and the deal. What's so interesting about that, you ask? Turns out sons Daren and Evan come off like douchebags that probably have never drank a blue-collar beer in their silver spoon lives.

They have been called “as far from both hipster and blue collar as they could possibly be.” A former employee that left during the brothers' reign referred to them as “20-something billionaires whose dad had bought them a new toy.” Living in a house next to the Playboy Mansion brother Daren told Howard Stern “Let’s be honest, I don't have to work.” And Evan told a New York Times reporter, “I've been with more chicks than any fat guy you know, except Pavarotti.”

Ah, so they're kids. They like to party. And admire Pavarotti. And maybe even drink… calling Pabst “a trophy property…we'll own for the rest of our lives.” They even belittled foreign beer ownership during a 2010 interview with Bloomberg Businessweek. Evan even imagined berating a non-customer: “Shame on you for drinking Bud Light! What the hell are you drinking that for? To support some foreigners?”

How things change when you see the potential for a half-billion dollars in profit.

Please read Drew's article Meet the Twinkie-saving, beer-selling billionaire who has changed the way you eat.

guest
1 Comment
oldest
newest most voted
Inline Feedbacks
View all comments
G. Unit
G. Unit
4 years ago

Maybe there’s no real reason to comment on an article that’s two years old. Yeah, I guess I’m Johnny-come-lately on this one. But after reading about the Metropolous brothers and their hypocritical ways and callous statements, I mean, what a coupla assholes!

From Brian’s Belly

  • Pressure Cooked Corned Beef & Cabbage
    Are you still boiling the flavor clean out of your corned beef? Try using a pressure cooker to get the best ...
    Published on March 16, 2021
  • Deep Fried Turkey (Still the best guide on the net!)
    How many times have you sliced into a tasteless, bone-dry turkey on Thanksgiving wishing your fowl had not run afoul in ...
    Published on November 1, 2018
  • The Mamba Bar Tool
    A few years back, I was enamored by the Snake Bite, an ultra-sleek bottle opener that doubles as my keyring. But I never ...
    Published on December 4, 2016
  • Build a Steel Sixtel Keg Cooler from an Old Water Tank
    Need to chill sixtel or corny kegs for an upcoming party this summer? Sometimes you don't want your kegged beer to tie you ...
    Published on June 29, 2016
  • The Drinking Jacket 2.0
    Do you enjoy drinking a frosty one outdoors but hate that freezing fingertips feeling? The Drinking Jacket 2.0 is a feature-packed ...
    Published on November 18, 2015

Archives

1
0
Would love your thoughts, please comment.x
()
x