In a matter of days, Austin, Texas’ Jester King Brewery had lost two-thirds of its revenue, which dried up as the company preemptively closed its tasting room on March 16 — a week before Travis County issued a stay-at-home order on March 24 through April 13 — due to concerns over the spread of the novel coronavirus disease COVID-19.
Every brewery’s goal right now should be survival, Monday Night Brewing Company co-founder Jeff Heck told Brewbound editor Justin Kendall during an interview last Friday. “If you’re not already in survival mode, you’re weeks behind,” he added.
Rabobank analysts Jim Watson and Bourcard Nesin, who also host the Liquid Assets podcast, shared insights into the shift in consumer purchasing behaviors caused by the coronavirus disease, the effect on premium products, the e-commerce opportunity and the challenges facing small brewers and much more.
Dealmaking activity in the beer space hasn’t slowed down despite growing concerns over the spread of the novel coronavirus in the U.S. Much to the contrary, in fact.
Torch & Crown Brewing Company co-founder and CEO John Dantzler shares how the New York craft brewery is adapting during the COVID-19 pandemic, the federal assistance small businesses need, the loosening of liquor laws during the crisis, and much more.
As the coronavirus shut down on-premise channels in the U.S. and consumers began stocking up amid stay-at-home orders, sales increased for every beer category segment — and many increased double digits — in off-premise retailers tracked by market research firm Nielsen during the week ending March 14.
One week after canceling the annual Craft Brewers Conference in San Antonio due to concerns over the coronavirus disease COVID-19, the Brewers Association (BA) today announced the cancelation of SAVOR, the trade group’s annual craft beer and food pairing event in Washington, D.C.
The Senate approved a multi-billion dollar relief bill to offer immediate aid in the wake of the COVID-19 pandemic Wednesday afternoon.
This bill makes coronavirus testing free, provides paid sick leave, expands unemployment benefits and provides grants to states to process and pay claims.
Virtually every craft brewery is feeling the economic crunch from the coronavirus disease COVID-19, according to the results of a survey conducted by the Brewers Association (BA). The not-for-profit trade group, which represents the interests of small and independent craft breweries, shared the survey results this morning, and the results show what many expected and living: The industry is facing economic hardships like never before.
As the hospitality industry grapples with the impact of mandated closures of restaurants, bars, brewery taprooms and tasting rooms, craft breweries and brewpubs are beginning to announce staff layoffs and furloughs.
The on-premise shutdown of bars and restaurants in New York City could last for “months” in an effort to stop the spread of the coronavirus disease COVID-19, New York City Mayor Bill De Blasio said during an interview with CNN this morning.
An aid package that includes help for employees of small businesses is making its way through Congress as the coronavirus pandemic known as COVID-19 spreads across the U.S. On Saturday, the U.S. House of Representatives voted 363 to 40 to pass the “Families First Coronavirus Response Act” (H.R. 6201), which the U.S. Senate is expected to take up this week.
As the coronavirus disease known as COVID-19 spreads across the U.S., beer companies are adjusting their businesses for a reality in which being social is discouraged. Many companies are bracing for a downturn in on-premise business, including brewery taprooms.
The Brewers Association (BA) made the difficult decision Thursday to cancel the 2020 edition of the Craft Brewers Conference & Brew Expo America, as well as the World Beer Cup competition, due to concerns over the spread of the coronavirus disease known as COVID-19. Brewbound caught up with Bob Pease, the trade group’s president and CEO, to discuss the decision and the fallout. Pease also shared that the BA has engaged members of Congress on an aid package that would benefit craft brewers and small businesses