Forbidden Root founder Robert Finkel and 5 Rabbit Cervecería founder Andres Araya will discuss the state of innovation in craft brewing and their experiences operating highly-differentiated craft breweries. A second discussion with Donn Bichsel, Revolution Brewing’s director of sales and marketing, will examine current marketplace trends, increasing competition and struggles that mid-size craft regional brewers are facing as they look to scale their brands.
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Southern Glazer’s Wine and Spirits, LLC (“Southern Glazer’s”) today announced the completion of the business combination between Southern Wine & Spirits of America, Inc. (“Southern”) and Glazer’s, Inc. (“Glazer’s”), forming Southern Glazer’s. Southern and Glazer’s announced the signing of a definitive agreement to combine their businesses on January 11, 2016.
Constellation Brands is officially entering the craft beer category, and in a big way. The Corona and Modelo maker today announced it would acquire San Diego’s Ballast Point Brewing for a whopping $1 Billion. “The purchase price values the acquisition multiple of the projected calendar 2016 Ballast Point EBITDA in the mid-to-high teens range,” Constellation said in a press statement.
Craft Brew Alliance today announced its first quarter financial results, highlighting depletion volume growth of just 1 percent and a net sales decrease of 5 percent across its core family of brands, including Widmer Brothers, Redhook, Kona and Omission. Total beer shipments decreased 8 percent during the quarter. In a release, CBA attributed the sluggish first quarter results to “higher-than-average” sales during the first quarter of 2014 as it “adjusted” for out-of-stocks that hampered the company toward the end of 2013.
Less than nine months after selling at least a 40 percent stake in Harpoon Brewery, the country’s 15th largest craft beer company, co-founder and former CEO Rich Doyle is back in the game. Backed by an investment from San Francisco-based private equity firm Friedman, Fleisher & Lowe, Doyle has launched Enjoy Beer LLC, a consortium aimed at providing back-office support to independent craft brewers.
Boston, MA (July 10, 2014) — The Harpoon Brewery, brewers of Harpoon IPA and UFO beers, is proud to announce that effective August 1st it will become an employee-owned company. The existing shareholder group transferred 48% of Harpoon’s shares to an Employee Stock Ownership Plan (ESOP). This new structure of employee ownership will ensure the… Read more »