BERO CEO Dishes on Year 2 Strategy Following PE Investment
Non-alcoholic (NA) beer BERO is cruising into its sophomore year with new investment and a pair of high-profile summer marketing opportunities.
Non-alcoholic (NA) beer BERO is cruising into its sophomore year with new investment and a pair of high-profile summer marketing opportunities.
Kirin-owned New Belgium Brewing has reorganized its business administration teams, resulting in the elimination of some roles, a spokesperson confirmed to Brewbound. The employees whose jobs were cut amount to fewer than 1% of the company’s overall workforce.
Now-shuttered Iron Hill Brewery’s fate continues to play out piecemeal in bankruptcy court, as the buyer of half of the brewpub’s locations has resold them along with its intellectual property, among other steps taken to liquidate its assets.
After 25 years at the Colorado Convention Center, the Great American Beer Festival (GABF) will move outdoors, festival host the Brewers Association (BA) announced Tuesday.
Three of beverage-alcohol’s four tracked categories increased dollar sales in the latest scans from market research firm Circana (one-week ending January 18).
A craft beverage platform is taking shape in San Diego. Latitude Brewing, the umbrella that includes Latitude 33 and Thorn Brewing, has acquired the House of Mason brand platform (Mason Aleworks, Eppig Brewing, Second Chance Beer Co., Castellum Ciders, Old Harbor Distilling and Swell Soda).
For some Dry January participants, the month of abstaining from alcohol is an annual tradition, but for others it spurs a lifestyle change, consumer research firm Numerator found in a recent survey of 500 U.S. consumers who planned to partake in the ritual.
Days after news broke that it was in talks to sell its business in seven markets to the Reyes Beverage Group, Republic National Distributing Company (RNDC) announced it has taken new financial support with the approval of its lenders.
Off-premise beverage-alcohol sales recorded a third consecutive year-over-year (YoY) increase during the week ending January 11, according to market research firm Circana’s most recent weekly scan data report.
The cost of an evening out continues to rise. The consumer price index (CPI) for a full service meal (+4.9%) and alcoholic beverages (+3.5%) away from home increased more than overall inflation (+2.7%) in December, according to the U.S. Bureau of Labor Statistics’ (BLS) latest CPI report.
Reyes Beverage Group is “in active discussions” with Republic National Distributing Company (RNDC) “regarding potential business transactions” in six states, as well as Washington, D.C., a spokesperson confirmed to Brewbound today.
Domestic beer’s volume losses continued in November with a 3.6% decline in shipments, according to data from the Beer Institute (BI). Tax paid shipments from U.S. breweries declined by 371,854 barrels year-over-year (YoY), to an estimated 10 million barrels, according to data from the Alcohol and Tobacco Tax and Trade Bureau (TTB), the BI shared Monday.
December sales reversed trends in different directions – mostly positive – among the top 30 craft brands tracked by market research firm Circana. While overall craft sales were squarely in the red in the multi-outlet grocery, mass retail and convenience stores (MULO+C) and grocery channel last month, the segment eked out growth in the convenience channel in both dollar sales (+3.7%) and volume (+1.8%) for the four-week period (L4W) ending December 28.
After a rocky first half, Constellation Brands leadership is “cautiously optimistic” the company’s bev-alc portfolio declines have hit a “plateau.” The company’s beer division (Modelo, Corona, Pacifico and Victoria) recorded improved metrics in Constellation’s third quarter, which ended November 30.