Braxton Brewing Company finished 2019 as one of the fastest-rising craft breweries in the nation. The Covington, Kentucky-based craft brewery grew its volumes by 96%, to 23,500 barrels, elevating the company to regional brewery status -- those producing between 15,000 and 6 million barrels -- according to production data released by the Brewers Association. However, the COVID-19 pandemic has dampened the company’s 2020 outlook.
More than half of the top 50 Brewers Association-defined craft brewing companies posted volume growth in 2019, according to data published in the May/June edition of the not-for-profit trade group’s New Brewer magazine.
Leaders of three top 50 craft breweries will join Brewbound Frontlines to discuss what’s happening with their businesses as the COVID-19 crisis evolves. Leaders from Stone Brewing, Revolution Brewing and Rogue Ales & Spirits will participate in a live streamed panel on Thursday, May 28, at 3 p.m. ET.
Hard seltzers are continuing to attract new consumers, even during the COVID-19 pandemic, according to a study conducted by market research firm Nielsen. During the eight-week period during the COVID-19 outbreak, the number of consumers buying hard seltzer nearly doubled, as 44% of hard seltzer buyers were doing so for the first time, according to the study.
Just 11% of bar and restaurant operators have been able to generate sustainable profits by offering takeout and delivery, according to a survey conducted by Nielsen CGA, the market research firm’s on-premise channel data arm.
Iconic Portland, Maine craft brewery Allagash returns to Florida for a limited time; Carlsberg and Marston’s announce proposed JV; April domestic tax paid Shipments decline 4.9%; judge approves bid for bankrupt Craftworks; and more headlines from the week.
Orlando, Florida-based Brew Theory has reached a licensing agreement with Portland, Maine-headquartered Shipyard Brewing to produce and sell the company’s portfolio of products in the Sunshine State.
During this week’s live panel discussion, leaders from Rabobank, Drizly and GoPuff discuss the pandemic’s effect on e-commerce and how brewers can optimize this channel.
The largest beer festival in the U.S. will not take place in-person in 2020 due to the COVID-19 outbreak. For the first time in the festival’s nearly 40-year history, the Brewers Association (BA) has canceled the 2020 edition of Great American Beer Festival, which was slated to take place September 24-26, and will instead move the event “to an immersive online experience” from October 16-17.
Looking to pay down short-term debt and jump start construction projects, Portland, Oregon-headquartered brewpub and hospitality chain McMenamins announced it is seeking to raise $20 million from private investors.
Popular Indiana craft brewery Three Floyds has indefinitely closed its brewpub in Munster due to safety concerns caused by the COVID-19 outbreak, according to the Guys Drinking Beer website.
During this week’s Brewbound Frontlines livestreamed panel discussion at 3 p.m. ET on Thursday, May 21, we’ll discuss the pandemic’s effect on e-commerce and how brewers can optimize this channel with leaders from Rabobank, Drizly and GoPuff.
Riding a months-long wave of record-breaking growth, the Drizly Group has hired two new executives and appointed a new member of its board of directors.
Two months into shutdown of on-premise establishments forced by the COVID-19 pandemic, 42 North Brewing Company’s drive-thru, beer-to-go business in East Aurora, New York — located about 24 miles east of Buffalo — has held steady.
Russian River Brewing Company’s annual release of Pliny the Younger triple IPA drew visitors from 47 states and 14 countries and generated $5.1 million in economic impact to the local economy, an increase of 22.6% over the 2019 release, according to a study conducted by the Sonoma County Economic Development Board.
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