Jessica Infante joined Brewbound in 2019 after nearly a decade in a variety of marketing roles in the craft beer industry. Prior to that, she was a daily newspaper reporter at the Jersey Shore. Jess holds a bachelor’s degree in magazine journalism from the S.I. Newhouse School of Public Communications at Syracuse University and a master’s degree in integrated marketing communication from Emerson College. She is a certified Cicerone and lives in Salem, Massachusetts.
Pricing was the clear theme of the question-and-answer portion of Constellation Brands’ first quarter FY2023 earnings call on Thursday. More specifically, analysts were wondering why the company is hesitant to increase price in an inflationary environment. CEO Bill Newlands reiterated that Constellation’s “long-term algorithm on pricing is +1%-2%,” although last year it increased beer prices +3.5%.
The life of Bevy Long Drink, Boston Beer’s malt-based foray into the Finnish long drink segment, won’t be very long after all. The company has discontinued the brand, which it launched in 20 test markets late last year and expanded nationwide earlier this year.
Members of Teamsters Local 830 have ratified a new contract with Delaware Valley Importing Distribution Association, ending their nearly week-long strike against three Philadelphia-area beer wholesalers.
In a nearly 2,500-word missive that opened with quotes from Metallica and Roman poet Heraclitus, Stone Brewing co-founder Greg Koch – one of the craft beer industry’s staunchest advocates for independence – reflected on what the sale of his company to Japanese brewing giant Sapporo means for his future… without ever typing the word “Sapporo.”
Stone Brewing Company is being sold to Sapporo Holdings, the two companies announced today.
Court records filed in the wake of last Friday’s auction for San Diego craft brewery Modern Times give a closer look at bidding play-by-play, and the tension between qualified bidders MTD Asset Acquisition and BX MT BAMF LLC. Earlier this week, MTD (the group referred to during the auction as North Carolina brewery Tru Colors), whose $20.1 million bid was not accepted as the winning bid, filed an objection to the sale of Modern Times to BX MT (an affiliate of Brewery X in Anaheim), and submitted a new bid of $21 million. MTD claims priority was given to Brewery X’s bid due to its inclusion of a shorter closing period, despite what it believes was a previous guarantee that such conditions would not be weighted in choosing a winning bid. Those efforts caused a federal judge to table a hearing Monday set to confirm the sale of the brewery.
Members of Teamsters Local 830 have been on strike at three Philadelphia-area beer wholesalers since Sunday. The union – which represents drivers, warehouse and production workers and sales and marketing professionals – established picket lines at Muller Inc. and Origlio Beverage in Philadelphia and Hatfield-based Penn Beer Sales & Service after members voted unanimously to strike following the rejection of a contract proposal from Delaware Valley Importers Distribution Association, which represents the wholesalers.
As middle-tier consolidation marches on, distributors have a new service partner to advise on mergers and acquisitions, as Arlington Capital Advisors (ACA) and the Bump Williams Consulting Company (BWC) announced today the formation of a “strategic alliance” between the two firms.
MTD Asset Acquisition (MTD), the bidder that was not selected during the auction for Modern Times last week, has filed an objection to the court-appointed receiver’s selection of BX MT BAMF LLC (BX), an affiliate of Anaheim, California-based Brewery X, as the “winning” bidder in the auction for the San Diego craft brewery.
The three-way deal through which Harpoon’s parent company will acquire Long Trail Brewing in Vermont and WhistlePig Whiskey will acquire one of the latter’s production facilities, came about through long-standing personal relationships, Mass. Bay Brewing Company CEO and co-founder Dan Kenary explained to Brewbound.
Two pioneering New England craft breweries are joining forces: Harpoon parent company Mass. Bay Brewing in Boston has struck a deal to acquire Long Trail Brewing Company in Bridgewater Corners, Vermont.
Anheuser-Busch InBev has waived its right to advertising exclusivity in the alcohol category during Super Bowl LVII, which it has exercised since 1989.
Astoria, Oregon-based Buoy Beer remained closed this week after a partial roof collapse resulted in “significant damage” to part of its facility, the company said.
NielsenIQ veteran Mary Mills has departed the data giant to join Chicago-based 3 Tier Beverages as a consultant. During her 14 years at NielsenIQ, Mills worked with clients in the food, beverage and consumer goods industries in a variety of roles, including innovation insights, client management and business development. She brings nearly a decade of experience with beverage-alcohol brands to 3 Tier. Salt Lake City-headquartered Uinta Brewing has tapped Ian Fuller as director of brewing operations.
