Craft Brewed — a Melrose retail business focused on micro beers and offering on-site consumption — has been sold and will cease operations under its previous ownership on Wednesday after a 10.5-year run.

Craft Brewed owner Chip DeVier announced via Instagram that the retail operation is "not going out of business. It's just time for a new chapter." DeVier also noted in the social media post that he is not being "forced out" by his landlord.