After years of disagreements and a gradual decline, the brewery was bought by a rich industrial tycoon, František Ringhoffer, who was the mayor of Smíchov and one of the most successful entrepreneurs at the time.

The Second World War brought new production restrictions for all breweries, and Kozel faced obstacles in acquiring the raw materials it needed.

In 2016, it was one of the brands sold by SABMiller to Asahi, the divestment being a result of the acquisition of the former by ABInBev, to meet with global antitrust regulation.

At that time a French painter passed through the town and was moved by the hospitality of the local people, and out of gratitude decided to create an emblem for the brewery, based on the figure of a goat.

The company brews several different types of beer:[7] Kozel is sold in about thirty countries worldwide,[8] with licensed production in Slovakia, Russia, Hungary, Ukraine, and Turkey, among others.