Justin Kendall provides daily coverage of the beer industry on Brewbound.com, conducts live-streamed interviews during Brewbound’s events and co-produces the Brewbound podcast. Kendall is a nearly 20-year career journalist who led alt-weekly newspapers in Kansas City, Missouri, and Des Moines, Iowa.
Artisanal Brewing Ventures, the family office-backed holding company formed in early 2016 via the merger of Victory Brewing and Southern Tier Brewing, today announced the acquisition of New York-based Sixpoint Brewery. Specific financial terms of the transaction were not disclosed.
Charlotte, North Carolina-based Sycamore Brewing is “living in fast forward,” according to vice president of sales Archie Gleason. The Kenny Chesney lyric appears apt for the 5-year-old craft brewery, which plans to double its beer and cider production by the end of the year.
A new generation is now leading the day-to-day operations of 30-year-old Grand Teton Brewing Company at a time when competition has never been stiffer. Last year, Chris Furbacher and his wife, Laura, moved to Victor, Idaho to help his parents, Steve and Ellen Furbacher, run the 30-year-old craft brewery.
In this week’s edition of Last Call: Yakima Chief Hops faces a breach of contract lawsuit; Greg Koch to be on the big screen Sunday; 5 Rabbit’s fight with Donald Trump set to screen; and more news from the week.
Molson Coors reported its third-quarter earnings today, which were highlighted by a 1.8 percent increase in worldwide net sales, to $2.9 billion. Year-to-date, Molson Coors — whose brands include Coors Light, Coors, and Miller Lite, among others — has recorded $8.4 billion in net sales, down 0.8 percent from 2017 levels.
The Brewers Association board of directors today informed members of proposed changes to its bylaws that would significantly alter the trade organization’s official craft brewer definition, and create a new voting member class, Brewbound has learned. The board also intends to form a political action committee that is aimed at more aggressively lobbying for permanent federal excise tax cuts that currently save craft brewers upwards of $80 million annually.
A month after an unauthorized press release cost Scofflaw Brewing an exporting opportunity with BrewDog in the United Kingdom, the Atlanta-based craft brewery is taking steps to repair its reputation abroad. Scofflaw recently hired Scotland-based Media House International, a PR firm that specializes in crisis management and public affairs to help rehab its image abroad. Speaking to Brewbound from the U.K. on Tuesday, Scofflaw co-founder Matt Shirah said he was meeting with various “beer people” in an attempt to secure a new export deal.
In the latest edition of People Moves: Heineken USA sales chief set to depart in 2019; Melvin Brewing sales director trades beer for cannabis; Matt Brewing Company hires a new brewmaster; and O’Connor Distributing names a new president.
In this week’s edition of Last Call: Constellation Brands seeks $3 billion for U.S. wine brands; the New York Prohibition Party seeks alcohol ban; BrewDog takes to the skies; and another wave of brewery closures hits.
Boston Beer Company’s growth continued in the third quarter, as the company’s revenue increased 24.2 percent, while shipments (+23.5 percent) and depletions (+18 percent) also grew. During a call with investors and analysts Thursday evening, Boston Beer founder Jim Koch credited the company’s “key innovations” — Angry Orchard Rosé, Truly Berry variety pack, Truly Wild Berry, Samuel Adams Sam ’76 and Samuel Adams New England IPA — with driving the growth.
Boston Beer Company today reported its 2018 third-quarter earnings results, which were highlighted by a 24.2 percent increase in net revenue, to $306.9 million. The company — which makes the Samuel Adams, Angry Orchard, Twisted Tea, and Truly Spiked & Sparkling products — credited the revenue growth to a 23.5 percent increase in shipments during the quarter, which ended September 29.
Despite ongoing shipment and depletion declines in the United States, Anheuser-Busch InBev’s global revenues were up 4.6 percent through the first nine months of 2018. A-B, the world’s largest beer manufacturer, posted global revenue growth of 4.5 percent, to more than $13.2 billion, during the third quarter, as revenue per hectoliter increased 4.2 percent. The company’s gross profit increased 3.5 percent, nearly $8.3 billion.
Cincinnati’s Fifty West Brewing Company has quickly established itself as brand to watch. The Ohio-based craft brewery, which opened its doors in 2012, topped market research firm IRI’s list of new vendors in supermarkets, with off-premise dollar sales of nearly $214,000, for the 27 weeks ending July 8, IRI director of client insights Patrick Livingston shared during last month’s Brewers Association Power Hour.
Craft beer wholesaler Cavalier Distributing has acquired the distribution rights to “all suppliers” within the portfolio of Florida-based Micro Man Distributors. According to a letter sent by Cavalier founder and president George Fisher, that was addressed to its Florida beer suppliers, the transaction closed on Monday, October 22. Financial terms of the deal were not disclosed.