Florida-based Cigar City Brewing will expand its distribution footprint for the first time in four years when it enters Tennessee next week, the company announced Thursday. The entry marks the beginning of an ambitious expansion plan for Cigar City that will include forays into North Carolina, South Carolina, New Jersey, Colorado and Utah, chief operating officer Justin Clark told Brewbound.
In this week’s edition of Last Call: Finch Beer strikes a deal for a Chicago brewery; BrewDog hires a former Wicked Weed sour brewer and Starbucks ends its “evenings” program.
Pressed by Senators Amy Klobuchar (D-Minnesota) and Mike Lee (R-Utah), both of whom serve on the Senate Judiciary Subcommittee on Antitrust, Sen. Jeff Sessions said Tuesday that he would have “no hesitation to enforce antitrust law” as Attorney General.
Chicago’s Forbidden Root Brewery has partnered with historic Italian amaro producer Fernet-Branca to create a new spirit-inspired imperial black ale, appropriately named Fernetic. The collaboratively brewed beer is set to debut on January 19 and only 50 cases of the limited-release offering will be available for purchase.
For two decades, Ron Extract helped others in the beer business execute their visions. As an early member of the Jester King team, he helped shape the Austin, Texas-based farmhouse brewery into an award winning craft-beer darling synonymous with wild ales and spontaneous fermentation.
For the first time in more than a decade the craft beer category failed to grow double-digits, according to new data from market research firm IRI Worldwide. In its latest report, IRI noted that craft dollar sales at U.S. supermarkets grew just 6.9 percent in 2016, to more than $2.28 billion, while volume sales grew at an even slower 4 percent clip.
Iron Heart Canning Co. is once again expanding its budding aluminum empire. The New Hampshire-based mobile canning company today announced the acquisition of Asheville, North Carolina’s Land of the Sky Mobile Canning. Financial terms of the deal were not disclosed.
Anheuser-Busch InBev and Keurig Green Mountain have signed an agreement to enter into a research and development-driven joint venture that will be tasked with inventing an in-home alcohol drink system, the two companies announced today. Specific financial terms of the transaction, including ownership percentages, were not disclosed and the deal is expected to close during the first quarter.
Former New Belgium Brewing CEO Christine Perich has landed in the non-alcoholic beverage industry. After departing the Colorado-based craft beer company last October, Perich was today announced as the new chief executive officer of World Waters, maker of fast-growing high pressure processed juice brand WTRMLN WTR.
Constellation Brands’ run of double-digit revenue growth continued in the third quarter of fiscal 2017, with the company’s CEO, Rob Sands, crediting 16 percent growth across its beer brands as contributing to its overall 10 percent growth for the quarter.
Beginning Sunday, Goose Island will temporarily close its original Chicago brewpub on Clybourn Avenue to undergo a five-month renovation, according to a report from the Chicago Tribune.
To kick off 2017, we’ve released more than two hours of bonus footage from last month’s Brewbound Session, held at the Paradise Point Resort & Spa in San Diego, Calif. More than 200 beer industry professionals descended upon San Diego for the bi-annul business conference, but only those tuning in from behind their computer monitors were able to see interviews with notable industry figures such as Craft Brew Alliance CEO Andy Thomas, Storied Craft Breweries’ Adam Lambert and Nielsen’s Danny Brager.
The calendar flip to 2017 brought with it two important changes to the U.S. Internal Revenue Code that will impact a majority of the country’s brewers and cidermakers.
We said it one year ago and we’ll say it again: What an exhausting year. Much like the 12 months before it, 2016 brought plenty of headlines about the continued evolution of the beer segment. Dozens of craft brewery owners sold all or parts of their businesses, key executives at many of the country’s top beer companies vacated their positions and taproom culture began to boom at a time when sales for some of the largest and most established players softened. So, with another busy year in the books, let’s take a look back at some of the more noteworthy storylines in 2016.