Lower than expected wholesaler inventory builds of Truly Hard Seltzer in the fourth quarter, as well as increased supply chain costs, have led Boston Beer Company to revise downward its shipment, gross margin and earnings per share projections for full-year 2021, according to a Form 8K filed with the U.S. Securities and Exchange Commission Thursday afternoon.

Whispers of the CANarchy Craft Brewery Collective’s potential sale have circulated through the industry’s rumor mill for the last few years before finally becoming a reality with today’s announced agreement to sell to energy drink maker Monster for $330 million in cash. Those whispers were the smoke to the fire of the craft brewery rollup being shopped to potential buyers. The seller’s identity though was not be the one everyone associates with CANarchy’s ownership.

Energy drink maker Monster Beverage has reached “a definitive agreement” to acquire the CANarchy Craft Brewery Collective for $330 million in cash, the company announced today. The all cash deal is expected to close in the first quarter of 2022, pending “customary closing conditions, including regulatory approvals.” The acquisition will give Monster a foothold in… Read more »

Total beer dollar sales in off-premise retailers reached nearly $44.3 billion in 2021, according to market research firm IRI. IRI, which tracks category-wide sales at major off-premise retailers, reported a -0.4% decline in off-premise spending compared to the same period in 2020, which ushered in massive shifts in consumer spending and behavior due to the COVID-19 pandemic.

The former owners of Green Flash Brewing have put the San Diego brewery and its equipment up for sale as a turnkey operation.

Energy drink maker Monster’s interest in the beverage alcohol space hasn’t faded — at least if the company’s job listings are a clue to its ambitions. Financial services firm Jefferies web sleuthed several job posts over the last year that point to Monster “prudently building expertise in the alc space.”

The fifth generation of the Wanty family is taking the reins at O&W Inc., a Ypsilanti, Michigan-based independent beer wholesaler.

The San Diego craft brewery scene is once again getting shaken up by the Kings & Convicts. After acquiring the Ballast Point brand from Constellation Brands in 2019, the company is acquiring the brewing facilities and taprooms of Saint Archer from Molson Coors.

The ownership of Utah’s Uinta Brewing has changed hands once again.

Cincinnati-based Rhinegeist Brewery announced today the forthcoming launch of RGBevs: a new line of malt-based, fruit-flavored alcoholic beverages. The company also revealed plans for a new hard tea brand, Geist Tea. Both new products are set to hit retailers with Rhinegeist’s full distribution footprint in early March.

Atlanta-based SweetWater Brewing has filed a lawsuit against an artist who claims he is owed $31 million for the use of the brewery’s rainbow trout logos, Law360 reported.

One of the nation’s largest craft breweries is dipping its toe into the non-alcoholic beverage space. Sierra Nevada Brewing Company has launched its first non-alcoholic product, Hop Splash, a sparkling water infused with Citra and Amarillo hops.

As the broader beer industry continues to grapple with the fallout from an outpouring of stories of sexual harassment and misogyny, one of the largest beer makers in the U.S. has entered 2022 with a series of sexually suggestive tweets as part of an anti-Dry January campaign.

The National Beer Wholesalers Association’s (NBWA) monthly survey of distributors’ beer purchasing behaviors recorded its highest December reading ever last month. However, the downward trend in hard seltzer and FMB purchasing continued as 2021 came to an end.