Chris Furnari

Chris Furnari

Editor, Brewbound

Chris Furnari is the editor of Brewbound and focuses exclusively on the beer business. In addition to overseeing daily content, Furnari also plans and executes Brewbound's business networking events -- Brewbound Session and Brew Talks. He is a regular at industry gatherings and has been cited in mainstream media publications such as CNBC, USA Today, The Boston Globe, Mashable and Wired Magazine, among others.

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Posts by Chris Furnari

Wormtown Brewery Co-Founder Sells Remaining Stake, Exits Company

Wormtown Brewery Co-Founder Sells Remaining Stake, Exits Company

A group consisting of four former New England beer wholesalers now own the vast majority of Massachusetts’ Wormtown Brewery. The beer company, which opened in Worcester, Mass. in 2010, today announced that co-founder Tom Oliveri has sold his remaining interest in the brewery to three former beer distribution executives – Richard Clarke, Jay Clarke and Kary Shumway.

Jester King and More Than 1,700 Craft Brewers Have Adopted the BA’s Indie Seal

Jester King and More Than 1,700 Craft Brewers Have Adopted the BA’s Indie Seal

It’s been less than two months since the Brewers Association (BA) – a not for profit trade organization representing the interests of small and independent U.S. craft beer companies – unveiled the “independent craft brewer seal,” a special badge aimed at helping member breweries distinguish their beers from those owned by multinational corporations. As of press time, 1,789 breweries had embraced the seal, agreeing to display it across packaging and marketing materials, on websites, and in taproom windows, among other places.

Nielsen: Beer Growth Trailing Wine and Spirits

Nielsen: Beer Growth Trailing Wine and Spirits

New data from market research firm Nielsen confirms what many beer executives have long feared: The beer category is continuing to cede sales to wine and spirits. On-premise volume sales of beer over the 52-week period ending June 17 were down more than 2 percent, according to a new Nielsen report outlining the latest beverage alcohol trends.

ZX Ventures Funds Development of New Non-Alcoholic Beverage Made From Spent Grain

ZX Ventures Funds Development of New Non-Alcoholic Beverage Made From Spent Grain

In an effort to find a different use for spent grain — a byproduct of the beer brewing process – Anheuser-Busch InBev, via its ZX Ventures ‘global disruptive growth group,’ has backed a non-alcoholic beverage startup hoping to turn leftover malt into a drinkable product. A-B is hoping that a proprietary fermentation process, developed internally, can transform at least some of the nearly 8 billion pounds of spent grain produced across the beer industry each year into an isolate that will be used in a new line of plant-based barley beverages called “Canvas.”

With Funky Buddha Purchase, Constellation Shifts Acquisition Strategy to ‘Local Brands’

With Funky Buddha Purchase, Constellation Shifts Acquisition Strategy to ‘Local Brands’

Constellation Brands has acquired fast-growing Florida-based craft beer producer Funky Buddha and, in the process, formed a new “High End Craft and Specialty” business group specifically tasked with overseeing the company’s present and future craft brewery purchases. Financial terms of the deal, which closed yesterday, were not disclosed. The structure is similar to Constellation’s 2015 purchase of San Diego’s Ballast Point Brewing, which was worth $1 billion, Brewbound understands. A sale price was not disclosed, but the all-cash deal is for 100 percent of the company, according to KC Sentz, who co-founded the brewery with his brother Ryan Sentz.

With Launch of Crowdfunding Campaign, Black Star Line Ferments a Business with a Social Mission

With Launch of Crowdfunding Campaign, Black Star Line Ferments a Business with a Social Mission

At the Startup Brewery Challenge in June, L.A. McCrae, the founder of North Carolina’s Black Star Line Brewing, took the stage to deliver a passionate, three-minute pitch about a brewery, for certain, but also something more. “Black Star Line Brewing Company is a grassroots, family-centered brewery launching a social movement,” McCrae said at the time.

Keith Greggor Explains Why He Sold Anchor Brewing Company

Keith Greggor Explains Why He Sold Anchor Brewing Company

Japan’s Sapporo Holdings Ltd. announced last Thursday that it would acquire craft brewing pioneer Anchor Brewing Company for a provisional $85 million sum. In his first interview since the deal was announced, Keith Greggor, the owner and CEO of Anchor Brewers & Distillers, the brewery’s parent company, spoke to Brewbound about the circumstances that led to the sale, the current state of craft M&A and his plans for Anchor Distilling.

Cold Spring Brewing Company Sold to Private Equity Firm

Cold Spring Brewing Company Sold to Private Equity Firm

Minnesota-based Cold Spring Brewing Company has been acquired by Brynwood Partners, a Connecticut-based private equity firm with existing investments in a variety of food and beverage companies. A purchase price was not disclosed and the transaction – which includes Cold Spring’s Third Street Brewhouse and Monarch Custom Beverages divisions — was finalized on August 3, Brynwood managing director Dario Margve told Brewbound.

Drizly to Share Free E-Commerce Insights with Launch of New ‘Data Distillery’

Drizly to Share Free E-Commerce Insights with Launch of New ‘Data Distillery’

In an effort to democratize the alcohol industry’s data, Drizly — a technology company and mobile e-commerce platform – has launched what it calls its “data distillery.” Unveiled last week, the new data hub offers both consumers and alcohol industry professionals free insights, compiled from millions of orders in the 70 U.S. cities and 25 states where Drizly operates.

Craft Brew Alliance Reports Q2 Earnings

Craft Brew Alliance Reports Q2 Earnings

Craft Brew Alliance (CBA) today reported second quarter earnings results, which were highlighted by a 9 percent increase in Kona depletions. But Kona’s continued depletion growth – which CBA executives have repeatedly touted as a mainstream, crossover brand that sources volumes from the craft and import segments – couldn’t completely offset ongoing declines of Widmer Brothers and Redho