CGA: On-Premise Velocity -5% Nationwide in November
The back half of November delivered mixed performances for bars and restaurants, according to CGA, the on-premise-focused arm of market research firm NIQ.
The back half of November delivered mixed performances for bars and restaurants, according to CGA, the on-premise-focused arm of market research firm NIQ.
Molson Coors told distributors last week it would disband its Northeast region and close the region’s New Jersey office. The company plans to fold “all frontline distributor- or retailer-facing roles” into an expanded East region, keeping those roles intact.
Pabst Brewing has eliminated an undisclosed number of jobs, a spokesperson confirmed to Brewbound. Although rumors swirled over the weekend that the cuts could amount to as much as 40% of Pabst’s workforce, the spokesperson said those estimates were more than double the actual impact.
Hopes for continued beer volume gains following September’s positive trends were dashed with the latest report from the Beer Institute (BI). Domestic tax paid shipments returned to the red in October, declining 3.8%, to 11 million barrels of beer.
Both draft (-10%) and packaged beverage-alcohol (-14.9%) suffered double-digit volume declines in the on-premise on the night before Thanksgiving, according to market research firm BeerBoard.
Two former Boston Beer Company employees are pursuing a class-action lawsuit, alleging the Twisted Tea maker skirts Massachusetts law by paying departing workers $3,000, minus taxes, instead of “garden leave” or other compensation, while enforcing restrictive noncompetition agreements.
Four incumbents and two new members will join the Brewers Association (BA) board of directors following last month’s election. The new term is slated to begin in February 2026.
Tilray Brands’ approved reverse stock split is set to take effect Monday afternoon following the close of the market, the company announced last week. The 1:10 reverse split will reduce the number of shares of common stock of Tilray from 1.16 billion to 116 million.
Torch & Crown Brewing has shuttered its flagship location in Manhattan’s SoHo neighborhood after five years in business, after receiving an eviction notice from its landlord last month.
Rogue Ales & Spirits, one of the country’s largest craft breweries by volume, filed for Chapter 7 bankruptcy Monday, citing more than $16.7 million in debts.
Five Boroughs Brewing will shutter its taproom in Brooklyn’s Sunset Park neighborhood next month, parent company Barrel One Collective announced Monday. The company cited the brewery’s lease ending as the reason for the closure and emphasized that a search for a new home is underway.
The Siebel Institute of Technology, one of the leading brewing schools in the country, will leave Chicago and move to Montreal on January 1, it announced Thursday.
BeatBox, the cross-category party punch producer, is reportedly discussing a potential acquisition with Anheuser-Busch InBev (A-B), according to a story by the Wall Street Journal. Citing unnamed “people familiar with the matter,” the WSJ estimated the deal at $700 million, but couched that negotiations could “fall apart.”
Craft beer’s off-premise losses accelerated in October, according to the most recent monthly report from market research firm Circana. In multi-outlet grocery, mass retail and convenience stores (MULO+C), craft’s dollar sales have declined 4.5% and volume, measured in case sales, declined 6% year-to-date (YTD) through November 2, according to Circana.