Craft Beer News, Events & Jobs

Over-Leveraged, Green Flash Looks to Recapitalize

Over-Leveraged, Green Flash Looks to Recapitalize

After taking on a “considerable amount of debt” to build a $20 million secondary production facility in Virginia Beach in 2015, Green Flash Brewing founder and CEO Mike Hinkley is on the hunt for new investment. The San Diego-based craft brewery has retained SSG Capital Advisors — a boutique investment banking firm that specializes in mergers, acquisitions, restructurings and often works with “companies facing complex or challenging situations,” according to its website – to help it bring on a new partner.

Brewbound Live Super Early Registration Extended – $250 Discount Expires 3/2

Brewbound Live Super Early Registration Extended – $250 Discount Expires 3/2

Brewbound will host a two-day business conference for professionals in the beer, cider, and flavored malt beverage industries. Called Brewbound Live, the expanded event – formerly known as Brewbound Session — will take place at the Loews Hotel on November 27 and 28 in Santa Monica, California. Join a diverse group of thought leaders and entrepreneurs to discuss trends, challenges, and the future of the brewing industry. Super early registration discounts ($250 per ticket) expire this Monday, February 16th.

Vermont Hard Cider and Pabst to End Partnership

Vermont Hard Cider and Pabst to End Partnership

Irish cider company C&C Group plc., owner of the Vermont Hard Cider Company, today announced that it will end its 2-year-old U.S. marketing and distribution agreement with Pabst Brewing on April 1. In a letter to distributors and retailers, Vermont Hard Cider — whose brands include Woodchuck, Gumption, and Wyder’s, among others — said the two companies mutually agreed to terminate the strategic partnership forged in December 2015.

Here’s How Much Boston Beer Will Pay Its New CEO in 2018

Here’s How Much Boston Beer Will Pay Its New CEO in 2018

Newly Appointed Boston Beer Company CEO Dave Burwick will earn a base salary of $750,000 and take home a hefty $1.6 million signing bonus, according to an SEC filing. Burwick, already a member of Boston Beer’s board of directors since 2005, was announced as the company’s new CEO on Wednesday. He is expected to replace outgoing CEO Martin Roper, who has been with the company for more than 17 years, on April 2, according to the filing.

Nielsen: On-Premise Retailers Suffer on Super Bowl Sunday as Fans Stay Home

Nielsen: On-Premise Retailers Suffer on Super Bowl Sunday as Fans Stay Home

New data from market research firm Nielsen CGA suggests that on-premise food and drink sales declined significantly on Super Bowl Sunday. The firm — which compared sales data from February 4 and January 28 — found that U.S. bars and restaurants “saw an average sales drop around a third” on the day of the big game.

Last Call: Three Floyds Plans Huge Expansion; Pretty Things Founders Resurface

Last Call: Three Floyds Plans Huge Expansion; Pretty Things Founders Resurface

In this week’s edition of Last Call: Plans for Three Floyds’ brewery expansion are revealed; Pretty Things founders resurface in England; Hanson Spirits acquires Carneros Brewing’s production facility and taproom; Deschutes and Bluejacket announce can packaging releases; and more.

Dogfish Head, Ballast Point Distribution Rights Traded in Illinois

Dogfish Head, Ballast Point Distribution Rights Traded in Illinois

The distribution rights to a pair of notable craft beer brands were recently swapped in Illinois after multi-state alcohol distributor Breakthru Beverage traded Ballast Point to a cluster of MillerCoors wholesalers in exchange for Dogfish Head.

Boston Beer Founder Jim Koch Discusses New CEO Hire

Boston Beer Founder Jim Koch Discusses New CEO Hire

After a yearlong search, Boston Beer Company has named its next CEO. On Wednesday night, the company revealed that Dave Burwick, the CEO of Peet’s Coffee & Tea, Inc., would depart the Bay Area-based specialty coffee maker for the producer of Samuel Adams — a pioneering U.S. craft beer brand that in recent years has struggled to grow as thousands of new offerings have flooded the market.

Molson Coors Sales Surpass $11 Billion in 2017

Molson Coors Sales Surpass $11 Billion in 2017

Despite continued negative domestic volume trends for its flagship light lager brands, Molson Coors’ worldwide sales increased 0.2 percent to more than $11 billion in 2017, according to company earnings released today.

PicoBrew Targets Restaurants, Breweries with New ‘Z Series’ Units

PicoBrew Targets Restaurants, Breweries with New ‘Z Series’ Units

Just four hours into the launch of its new “Z series” automated brewing appliance, Seattle-based PicoBrew has already pre-sold more than $1 million worth of equipment. The company, which was founded in 2010 by former Microsoft executives Bill and Jim Mitchell, today announced the launch of what it is calling the “first professional-grade, all-grain brewing appliance line.”

Stone Brewing Files Lawsuit Against MillerCoors Over ‘Stone’ Trademark

Stone Brewing Files Lawsuit Against MillerCoors Over ‘Stone’ Trademark

Stone Brewing also released a nearly five-minute-long video of Koch, who began promoting the so-called “scrap” in a series of cryptic tweets last week, making his case. In the video, Koch explains that “Big Beer” companies such as MillerCoors, faced with dwindling sales of their core domestic lager brands, embarked on a multi-year spree of craft brewery acquisitions in an attempt to offset declines.