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.
Cycling a soft first quarter of 2021, Molson Coors Beverage Company reported a +16.7% increase in net sales, to more than $2.2 billion, in Q1 2022, the company reported today.
Two years removed from the pandemic’s interruptions in business and regular life, Allagash — the 23rd largest Brewers Association-defined craft brewery by volume (and 32nd largest brewery in the U.S. overall) — is well-positioned heading into the summer.
Legacy beer publication All About Beer was resurrected this week when beer journalists Andy Crouch and John Holl announced they acquired the outlet’s intellectual property and archives from its former owners. Weathered Souls Brewing co-founder Marcus Baskerville and Rahr Malting have partnered to launch the Harriet Baskerville Incubation Program, a Charlotte, North Carolina-based educational and mentoring platform aimed at diversifying the craft beer industry.
PepsiCo CEO Ramon Laguarta was asked just one question about the carbonated soft drink maker’s plans in the beverage alcohol space, during the company’s Q1 2022 earnings call Tuesday.
Lone River Beverage Company has come a long way in a short amount of time. Acquired by Diageo less than two years after launching amidst the pandemic, Lone River’s Ranch Water is now sold nationwide and leads the agave seltzer category in dollar share and rate of sale, according to latest 13-week NielsenIQ data shared by Lone River founder and CEO Katie Beal Brown.
Nuno Teles, who led a transformation of Diageo’s U.S. beer business, has been appointed Diageo’s managing director of Great Britain, the company announced Thursday.
Boston Beer Company is maintaining its guidance of 4% to 10% volume growth in 2022, despite first quarter losses, the company’s leadership team shared during an earnings call with investors Friday.
Anheuser-Busch InBev is in “active discussions” to sell its non-controlling interest in its joint venture in Russia, Efes, to its partner, Turkish brewer Anadolu Efes, the company announced today. Meanwhile, A-B InBev has appointed Ricardo Tadeu to the newly created role of chief growth officer as part of a restructure of the company’s commercial leadership team.
A new non-profit organization is attempting to promote draft beer as the industry’s “most-ownable, differentiated weapon” in the on-premise channel, as well as the most sustainable choice in bars and restaurants.
Boston Beer Company’s big first quarter in 2021 as it built hard seltzer inventories is coming to roost a year later. The company reported declines in depletions and shipments of -7% and -25.1%, respectively in the first quarter of 2022.
A federal judge on Wednesday granted a nationwide injunction to Charlotte’s Sycamore Brewing Company in its trademark infringement case against Stone Brewing Company. The preliminary injunction will go into effect upon Sycamore posting a $50,000 cash bond.
The Stone-Molson Coors trademark infringement legal saga continues to play out in a series of post-trial motions. This week, each side has filed motions, with Stone seeking additional damages on top of its $56 million jury award, and Molson Coors attempting to block Stone’s request for a preliminary injunction earlier this month.
Michigan’s Founders Brewing Company has cut eight jobs as it restructured its business to focus on the on-premise channel, a spokesperson confirmed to Brewbound.
The Bell’s Brewery portfolio is moving to the Reyes Beer Division in the majority of the wholesaler’s Indiana territory. Reyes, the largest beer distributor in the U.S., announced today that its Monarch Distributing subsidiary has closed on agreements for the Michigan craft brewery’s brand rights in its Indiana footprint, adding about 175,000 cases to Monarch’s operation.