In this week’s edition of Last Call: MillerCoors says the Trump tariffs will cost it $40 million; Magnolia founder Dave McLean leaves the company; Jester King takes on employee owners; brewery closures in Chicago, Washington and Virginia; and more news.
Beer companies haven’t effectively marketed to women, and they’re leaving a lot of opportunity for increased sales on the table, according to Bridget Brennan, CEO of Chicago-based consulting group the Female Factor. “We can’t underestimate that there has been, from a beer industry standpoint, a 150-year head start in marketing the product to guys as a guy’s product,” she told industry stakeholders who attended the Beer Institute’s annual meeting in Milwaukee, Wisconsin, this week.
North American sales of cannabis are expected to grow to $24 billion by 2021, Jessica Lukas, vice president of consumer insights at BDS Analytics, shared during the final day of the Beer Institute’s annual meeting in Milwaukee, Wisconsin. That figure, she added, doesn’t account for a potential end to the federal ban on marijuana in the United States.
The Beer Institute (BI) unveiled a pair of surveys during the first day of the trade group’s annual meeting in Milwaukee, Wisconsin, indicating public support for many industry issues as well as apathy from young drinkers. In his opening remarks, BI president and CEO Jim McGreevy shared the results of a poll on several hot button industry issues, including excise tax reform, President Donald Trump’s tariffs on aluminum and FDA menu labeling. Following McGreevy’s presentation, BI chief economist Michael Uhrich offered the results of a survey on the attitudes of 21- to 24-year-old consumers toward beer, wine and liquor.
Less than a year after opening a $50 million U.S. production facility, Scottish craft beer makers BrewDog have embarked on a $10 million crowdfunding campaign to fund its U.S. expansion plans. BrewDog announced the campaign last week in a video in which founders James Watt and Martin Dickie drop stuffed cats from a helicopter on Wall Street in order to “openly mock the caricature of the Wall Street fat cat banker.”
In this week’s edition of Last Call: President Trump says he may support bill to end the federal marijuana ban; new brewery trademark lawsuits emerge; breweries close in Colorado and New Hampshire; and more.
At the urging of Constellation Brands, California’s Markstein Beverage Co. has sold the beer company’s distribution rights in northern San Diego County to Reyes Beverage Group for an undisclosed sum. In a memo to employees issued on Wednesday, Markstein Beverage president Travis Markstein announced that Constellation Brands had informed the San Marcos-based wholesaler in late April of plans to terminate their 23-year partnership.
An electrical contractor was severely burned Tuesday afternoon while trying to repair equipment at Trillium Brewing Company’s production facility in Canton, Massachusetts. According to Canton Fire Department Chief Charles Doody, the independent contractor was exposed to “boiling liquid and suffered significant burn injuries on a large portion of his body” just before 5 p.m. on Tuesday. The man was flown by medical helicopter to Brigham and Women’s Hospital in Boston.
Denver-based Tivoli Brewing has announced plans to shutter its 6-year-old distribution business over the course of the next 60 days.
U.S. beer dollar sales increased 4.1 percent as volume sales grew 2.1 percent through the four weeks ending May 20, according to retail data provider IRI Worldwide.
Ryan Sentz has handed over the Funky Buddha Lounge & Brewery in Boca Raton, Florida, to family friend and homebrewer Allen Steen, who is transforming the space into the Robot Brewing Company & Quixotic Lounge. Sentz, the founder of Funky Buddha, told Brewbound that the transaction, which was finalized about a month ago, gives Robot Brewing the lounge’s 1-barrel brewery and neighboring homebrew supply shop for “zero dollars.”
As the clock turned to midnight, the exemption on aluminum and steel tariffs expired on Canada, the European Union and Mexico. The levies imposed by President Donald Trump — 25 percent on foreign steel and 10 percent on aluminum — will now be collected from the nation’s trade allies, who have subsequently threatened to impose their own tariffs on U.S. exports. Brewbound stopped by the Beer Institute’s Washington, D.C., offices to discuss the news with CEO Jim McGreevy. Watch the video above.
In this week’s Last Call: Stone Brewing files an injunction against MillerCoors and terminates its sponsorship deal with NOFX; the New York state Liquor Authority fines Boston Beer for unregistered products; Good City Brewing announces plans for second brewery near Milwaukee Bucks’ new arena; and more news.
Yazoo Brewing Company plans to break ground in mid-June on its new, six acre, 30,000 sq. ft. destination brewery in the Madison neighborhood of northeast Nashville. In a conversation with Brewbound last month, Yazoo founder Linus Hall said he is targeting a spring 2019 opening for the new facility. He added that a development group is under contract to purchase the land where Yazoo’s current facility, in Nashville’s The Gulch neighborhood, is located.