Take context from the input text and decide on the accurate relationship between 'Hofbräuhaus' and 'brewing' from the options provided.
Options: stock exchange, industry, position held, location of formation

Back in 2003, Hofbräu Müchen decided to open its first Hofbräuhaus location in the U.S. in Newport, Ky. -- a city with a deep German brewing heritage located right over the Ohio River from Cincinnati and its Over-the-Rhine brewing district.
industry