{"id":"TBU-ANSWER-00000127","questionId":"TQ-001","questionSlug":"who-owns","entityTuid":"TB-5RGK0ADX","entitySlug":"new-belgium-brewing","entityType":"brewery","question":"Who owns this brewery?","answerType":"OWNERSHIP","canonicalAnswer":"Lion, through New Belgium Brewing Company, Inc. Kirin Holdings Company, Limited is the ultimate parent.","directOwner":"Lion","ultimateParent":"Kirin Holdings Company, Limited","answerStatus":"PARTIALLY","verification":"VERIFIED","evidenceStrength":"B","lastVerified":"2026-09-07","effectiveFrom":"2019-12","effectiveTo":null,"howTallyKnows":"Lion Little World Beverages, Lion's craft division, agreed in November 2019 to buy 100 per cent of New Belgium Brewing Company; the employee-owners approved that December and the ESOP ended. Tally answers PARTIALLY because the structure is in motion: from 1 October 2025 New Belgium reports directly to Kirin Holdings rather than through Lion, and Kirin's own announcement of that change still calls New Belgium Lion's US craft subsidiary. A reporting line is not a shareholding, so Lion stays in the chain and the post-2025 legal shareholder is recorded as unresolved rather than guessed at.","uncertaintyNote":"The October 2025 change is a reporting and management restructuring. Tally does not infer a transfer of shares from it, in either direction.","publicCitations":[{"sourceId":"src-answers-pass03-0001","whatItProves":"New Belgium's own announcement of the Lion transaction and the end of employee ownership","accessedDate":"2026-09-07","public":true,"title":"New Belgium Brewing to join Lion Little World Beverages","url":"https://www.newbelgium.com/globalassets/press/new-belgium-brewing-to-join-lion-little-world-beverages_press-release.pdf","publisher":"New Belgium Brewing","publicationDate":"2019-11"},{"sourceId":"src-answers-pass02-0006","whatItProves":"Kirin Holdings' group structure","accessedDate":"2026-09-07","public":true,"title":"Kirin Holdings — group companies","url":"https://www.kirinholdings.com/en/company/group/","publisher":"Kirin Holdings Company, Limited"},{"sourceId":"src-answers-pass03-0002","whatItProves":"Lion among Kirin's main subsidiaries","accessedDate":"2026-09-07","public":true,"title":"Kirin Report 2024 — main subsidiaries","url":"https://www.kirinholdings.com/en/investors/files/pdf/kirinreport2024_02.pdf","publisher":"Kirin Holdings Company, Limited","publicationDate":"2024"},{"sourceId":"src-answers-pass03-0006","whatItProves":"That from October 2025 New Belgium reports directly to Kirin while still being described as Lion's US craft subsidiary","accessedDate":"2026-09-07","public":true,"title":"Notice of Change of CEO at Lion","url":"https://www.kirinholdings.com/en/newsroom/release/2025/0903_02.html","publisher":"Kirin Holdings Company, Limited","publicationDate":"2025-09-03"}],"timeline":[],"researchGaps":[{"gapType":"POST_2025_SHAREHOLDING","description":"The legal shareholder of New Belgium after the October 2025 reporting restructuring is not established.","status":"OPEN"}],"relatedAnswerIds":[],"updatedAt":"2026-09-07T00:00:00Z","publicationStatus":"PUBLIC","publicationReason":"PARTIALLY + VERIFIED, all named entities resolve","entityResolution":{"resolved":[{"name":"Lion","type":"COMPANY","id":"lion","how":"exact name"},{"name":"Kirin Holdings Company, Limited","type":"COMPANY","id":"kirin","how":"exact name"}],"unresolved":[]},"revision":1,"previousRevisionId":null,"createdAt":"2026-09-07T00:00:00Z","claims":[{"claimId":"TBU-CLAIM-00000211","subject":{"tuid":"TB-5RGK0ADX","name":"new-belgium-brewing","type":"brewery"},"predicate":"OWNED_BY","object":{"name":"Lion","type":"company","ownerType":null},"validFrom":"2019-12","validTo":null,"verification":"VERIFIED","evidenceStrength":"B","citationIds":["src-answers-pass03-0001","src-answers-pass02-0006"],"note":"Held through New Belgium Brewing Company, Inc., the brewery's own legal company.","archiveClaimRef":{"brewerySlug":"new-belgium-brewing","field":"companyId"}},{"claimId":"TBU-CLAIM-00000212","subject":{"tuid":"TB-5RGK0ADX","name":"new-belgium-brewing","type":"brewery"},"predicate":"ULTIMATELY_OWNED_BY","object":{"name":"Kirin Holdings Company, Limited","type":"company","ownerType":null},"validFrom":"2019-12","validTo":null,"verification":"VERIFIED","evidenceStrength":"B","citationIds":["src-answers-pass02-0006","src-answers-pass03-0002"],"note":null,"archiveClaimRef":null}],"hasInternalEvidence":false,"indexing":{"index":true,"reason":"PARTIALLY + VERIFIED with substantive content"},"canonicalRoute":"/answers/who-owns/new-belgium-brewing","apiRoute":"/api/answers/who-owns/new-belgium-brewing","relatedQuestions":[{"questionSlug":"is-independent","question":"Is this brewery independent?","status":"YES","answered":true,"canonicalRoute":"/answers/is-independent/new-belgium-brewing","apiRoute":"/api/answers/is-independent/new-belgium-brewing"},{"questionSlug":"who-founded","question":"Who founded this brewery?","status":"NOT_YET","answered":false,"canonicalRoute":null,"apiRoute":null},{"questionSlug":"when-founded","question":"When was this brewery founded?","status":"NOT_YET","answered":false,"canonicalRoute":null,"apiRoute":null},{"questionSlug":"lifecycle-status","question":"What is this brewery's current lifecycle status?","status":"NOT_YET","answered":false,"canonicalRoute":null,"apiRoute":null},{"questionSlug":"operator","question":"Who operates this brewery or site?","status":"NOT_YET","answered":false,"canonicalRoute":null,"apiRoute":null},{"questionSlug":"ultimate-owner","question":"Who ultimately owns this brewery?","status":"YES","answered":true,"canonicalRoute":"/answers/ultimate-owner/new-belgium-brewing","apiRoute":"/api/answers/ultimate-owner/new-belgium-brewing"}]}