Diageo has acquired fast-growing hard seltzer maker Far West Spirits LLC, which produces the Lone River Ranch Water brand.
No- and low-alcohol offerings as a “potential market disruptor” for the beer category, growing retail sales to $3 billion by 2025, according to a new research report from Goldman Sachs analyst Bonnie Herzog.
Deschutes Brewery has made the first acquisition in the 32-year-old craft brewery’s history. Bend, Oregon-headquartered Deschutes has acquired another Bend craft brewery, Boneyard Beer.
Global cannabis sales grew by nearly half in 2020, according to BDSA, a cannabis market research firm based in Boulder, Colorado. Sales increased 48%, to $21.3 billion, compared to $14.4 billion in 2019.
The Reyes Beer Division remains a very active acquirer in the state of California. The largest beer wholesaler in the U.S. continued to add to its business in the state today as its Harbor Distributing subsidiary signed an agreement to acquire Redding Distributing Company in Northern California.
Anheuser-Busch InBev may be looking inward for a possible successor for CEO Carlos Brito. According to Bloomberg News, Michel Doukeris, CEO of A-B’s U.S. business, is the front-runner to succeed Brito.
A group led by hard cider entrepreneur Brett Williams acquired a stake in Wachusett Brewing Company last September, Brewbound has learned. “An opportunity presented itself during the pandemic to invest in Wachusett and we decided to do so,” Williams told Brewbound Thursday. “We are the only people that are crazy enough to invest in a brewery in a pandemic.”
For 2021, Brooklyn will lean on a slate of new offerings including Pulp Art Hazy IPA, the expanded Special Effects non-alcoholic line, and a line of hard seltzers, in addition to its flagship Brooklyn Lager and Summer Ale seasonal.
Former Wachusett Brewing Company president Christian McMahan has started The Hooch Lab, a consulting firm targeting higher-end brands in the beer, wine, spirits and ready-to-drink FMB space.
San Diego-based independent wholesaler Scout Distribution will begin distributing the Port Brewing and Tiny Bubbles brands beginning March 1, the San Marcos, California craft brewery announced today.
Constellation Brands is making a pair of executive moves, placing Jim Sabia in charge of the company’s beer division and promoting Mallika Monteiro to the expanded role of chief growth, strategy and digital officer. Those moves take effect on March 1.
Des Moines, Iowa-based Exile Brewing Company is expanding its distribution reach even further in the state of Illinois after launching in the Chicago suburbs of Aurora, Naperville, Wheaton, and Elgin last week.
Denizens Brewing co-founder and chief brand officer Julie Verratti will join the U.S. Small Business Administration (SBA) as associate administrator of field operations, beginning March 1. Verratti will step away from her role with the brewery to take on the political appointment.
Heineken USA showed off a slate of innovations that will begin rolling out in retailers this spring — including what CEO Maggie Timoney called its latest crown jewel, Dos Equis Ranch Water Hard Seltzer — during its spring meeting with wholesalers this week.