Craft Brew Alliance Amends Executives’ Contracts, Offers Retention Bonuses
Craft Brew Alliance (CBA) has amended the contracts of its executive team members, according to a filing last week with the U.S. Securities and Exchange Commission.
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Craft Brew Alliance (CBA) has amended the contracts of its executive team members, according to a filing last week with the U.S. Securities and Exchange Commission.
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A survey commissioned by the Beer Institute (BI), a national trade group advocating for the U.S. brewing industry, found that 68% of respondents were in favor of extending the federal excise tax relief that was put in place in 2017, but slated to expire at the end of the year. Quadrant Strategies conducted the survey of 1,000 legal drinking age adults for the BI earlier this month.
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In what was promised as not “a routine earnings call,” Craft Brew Alliance CEO Andy Thomas expressed enthusiasm for his company’s proposed sale to Anheuser-Busch InBev, which already owns 31.2% of the company.
A day after announcing Anheuser-Busch will acquire the remaining stake in Craft Brew Alliance (CBA), the Portland, Oregon-headquartered craft beer company reported modest depletions growth in its third-quarter earnings report, boosted by sales of its Kona Brewing brand. Portfolio-wide CBA depletions (sales-to-retailers) increased 2%, driven by Kona Brewing’s depletions growth of 7%. “CBA’s third quarter… Read more »
A number of members of Anheuser-Busch InBev’s corporate affairs team have left the company since early 2019. Cider strategist Caitlin Braam parts ways with Angry Orchard. Beverage operations manager Jonny Stringer departs CraftWorks.
Anheuser-Busch InBev and Craft Brew Alliance (CBA) announced today that the world’s largest beer company will acquire the remaining 68.8% of CBA that it did not own for $16.50 per share in cash.
Anheuser-Busch InBev-owned 10 Barrel Brewing’s 3-year-old Bend, Oregon-based headquarters is listed for sale for $19.7 million on a commercial real estate website. According to the listing and an accompanying video on the Compass Commercial website, 10 Barrel will remain as a tenant in the space for seven and a half years.
Pabst Brewing Company today announced a long-term agreement to brew the majority of its production volume at City Brewing Company by December 2024. The Los Angeles-headquartered beer company’s agreement with City Brewing lasts until 2040. News of the new contract agreement comes one year after Pabst Brewing settled a lawsuit against MillerCoors over contract production of its brands.
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