The brewery was known for its character-based label artwork, inspired by the myths and legends surrounding the ancient Wychwood Forest.

In September 2023 Carlsberg Marston’s Brewing Company announced its proposal to close Wychwood Brewery in November 2023 in order to "consolidate our brewing network" amid an "incredibly competitive" UK ale market and a "turbulent economic outlook".

[9] Hobgoblin was the best-known and most popular beer brewed at Wychwood Brewery and was created by Chris Moss.

It is 5.2% abv in bottles, 4.5% in cans[10] and 4.5% (previously 5.0%, and before that 5.6%, and originally 6.5%) on cask, and is described by Wychwood as a "Ruby beer".

[11] Jeremy Moss, Wychwood's head brewer, describes the drink as "full bodied and well balanced with a chocolate toffee malt flavour, moderate bitterness and a distinctive fruity character with a ruby red glow".

During a meeting at the 2010 G-20 Toronto summit, Prime Minister David Cameron and President Barack Obama gave each other bottles of beer from their respective home towns/cities, with Cameron presenting Obama with twelve bottles of Hobgoblin, which is brewed in his Witney constituency.

The President remarked that he would drink his beer chilled, as opposed to the optimal room temperature (15.5 °C/59.9 °F) at which strong ale should be drunk, prompting Wychwood to create a T-shirt in their online store reading "What's the matter Obama, afraid you might taste something?".

[13][14] King Goblin, essentially a stronger and more flavourful variety of Hobgoblin, is a 6.6% abv "Special Reserve" ale.