A pair of alcohol-adjacent bills have been introduced in the Colorado Legislature. One (SB24-181) seeks to create a tax on beverage-alcohol products distributed in the state to fund “alcohol and related substance use disorder prevention, early intervention, treatment, harm reduction and recovery services” across Colorado.
Pike Brewing owner the Seattle Hospitality Group (SHG) has reached a “definitive agreement” to acquire a “controlling interest” in Fremont Brewing, the company announced today.
In a time when it seems like just about anything can be an alcoholic beverage (Distilled Doritos Nacho Cheese, anyone?), some craft breweries have embraced the trend, expanding their portfolios with canned cocktails, flavored malt beverages (FMBs) and even bottled spirits.
Texas-based lager brand Eight has promoted chief commercial officer (CCO) David Reny to CEO. He will assume the post effective May 1, as Eight co-founder and CEO Ruchi Desai shifts her focus to capital raises and strategic planning.
On a special bonus episode of the Brewbound Podcast, we bring you a 3-pack of interviews from the California Craft Beer Summit in Sacramento in March, featuring conversations with leaders from Green Cheek, Arryved and East Brother.
In the latest installment of Brewbound’s A Round With – a weekly Insider-exclusive Q&A series with industry leaders – Julie Rhodes, founder and principal of Not Your Hobby Marketing Solutions, shares her best advice for navigating craft’s turbulent waters, balancing competing priorities… and surviving CBC.
Constellation Brands capped another strong year for its beer business with full-year net sales growth of +9% for its beer brands, hitting the top end of the company’s +8% to +9% growth expectations for fiscal year 2024, company leadership shared Thursday.
The Consumer Price Index (CPI) for beer at home lagged behind overall inflation in March 2024, the U.S. Bureau of Labor Statistics (BLS) reported this week.
Constellation Brands is expected to be the biggest winner in shelf resets this spring, according to the most recent Beverage Bytes beer distributor survey by Goldman Sachs.
This week’s Brewbound Podcast features a 3-pack of conversations from the California Craft Beer Summit, featuring the founders of Topa Topa, Match Point Brewing and That’s Delicious Financials. The Brewbound team also reviews the latest headlines and talks $1,300 bev-alc fridges.
Beer industry veteran Carlos Alvarez, who founded the Gambrinus Company and was the first to import Corona Extra to the U.S., died this week. Beer Business Daily first reported the news this morning, citing an internal message at the brewery, and other outlets, including the San Antonio Express-News, followed.
A pair of Iowa breweries have started a collective, while maintaining independent ownership. Backpocket Brewing in Coralville and SingleSpeed Brewing in Waterloo have linked up under the Parallel Brewery Collective umbrella. As of mid-February, the breweries are working under a shared-service agreement, with a shared sales team now offering both breweries’ portfolios, and are working together on supply chain procurement.
Craft’s performance in the grocery channel continued to lag behind the overall category, as both dollar sales (-1.9%) and volume (-2.9%) declined in the four-week period ending March 24, according to market research firm Circana’s monthly report.
Fewer displays in beverage-alcohol, notably in premixed cocktails, beer and cider, should be considered a warning sign for suppliers, according to a new report from Circana. The market research firm’s “State of the CPG Beverage Alcohol Industry” report explores factors driving demand and identifies key growth opportunities in the bev-alc market.