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.
New Belgium Brewing Company began notifying Bell’s Brewery wholesalers on Monday of plans to consolidate the portfolio with the Reyes Beer Division in several markets outside of Michigan.
Ready-to-drink canned cocktails from JuneShine began quietly hitting store shelves in Southern California last week and officially launched March 1. The release of the spirits-based canned cocktails marks the first non-hard kombucha product launch from the San Diego-headquartered company.
Modern Times is seeking a buyer or an investor, the company’s new CEO told Good Beer Hunting. In the wake of closing four taprooms and laying off 73 workers, CEO Jennifer Briggs told the outlet that the company “would definitely entertain” a buyer.
Anheuser-Busch InBev’s global revenue reached $54.3 billion in 2021, the company reported today during its full-year and Q4 2021 earnings report. CEO Michel Doukeris noted that the world’s largest beer manufacturer’s volume hit an “all time high” in 2021, increasing +9.6% for full-year 2021, to nearly 581.7 million hectoliters (495 million barrels).
Squatters founders Peter Cole and Jeff Polychronis’ PRC Restaurant Company, along with boutique investment firm Sentry Financial and local investors, acquired the Salt Lake Brewing Company from CANarchy.
Boston Beer Company announced the exit of one of its top executives, as well as offered a deep dive into its business across a pair of filings with the U.S. Securities and Exchange Commission Tuesday evening. In an 8-K filing, Boston Beer reported that Quincy Troupe, senior VP of supply chain, tendered his resignation on February 21.
Domestic tax paid estimates from the Alcohol and Tobacco Tax and Trade Bureau shared by the Beer Institute (BI) reveal a slow start to 2022. U.S. brewers shipped 12.3 million barrels of product in January 2022, a 6.2% decline (-815,000 barrels) compared to January 2021’s 13.1 million barrels, according to the estimates shared by the BI.
Night Shift Brewing Company’s distribution partnership with the Sheehan Family Companies is helping the Everett, Massachusetts-headquartered craft brewery fill out the northeast. Earlier this month, Sheehan subsidiary Craft Vermont began distributing Night Shift’s offerings in the Green Mountain State.
Heineken NV reported its full-year 2021 earnings Wednesday, giving a picture into the state of its U.S. business. The Dutch brewing giant’s Heineken USA division posted low-single digit beer volume growth in 2021. However, the company recorded a nearly $231 million impairment charge related to Lagunitas.
Boston Beer Company’s full-year net revenue reached a record $2.058 billion, an 18.5% increase over 2020, the company reported today. However, the news coming out of the company’s Q4 earnings report wasn’t all rosy, with the effects of the hard seltzer slowdown dragging down the company’s results.
Boston Beer Company executive salaries for 2022 were shared in a U.S. Securities and Exchange Commission filing Tuesday. The company also announced that its top executives would forego bonuses for fiscal year 2021.
The rumored tie up between Constellation Brands and energy drink maker Monster Beverage is progressing and a deal could be completed in the coming weeks, according to a Bloomberg report.
Hair of the Dog Brewing Company founder Alan Sprints announced today that he plans to retire and shut down the 29-year-old, Portland, Oregon-based craft brewery later this year.