Antitrust Regulators, Watchdogs Share MegaBrew Concerns with DOJ; New Hampshire Senate Kills Direct Sales Bill; New Glarus Brewing to Begin Canning; Flying Fish Brewing Sells Stake to Private Investors
Shares of Boston Beer (SAM) hit a 52-week low today, with stocks plummeting more than 8 percent after the company reported subpar first quarter earnings following yesterday’s market close. As a result, the nation’s second largest craft beer company lowered its expectations for 2016 during a formal earnings call with investors and analysts last evening — reporting sales well below previously projected targets for the first quarter of the year.
The iconic Brooklyn Brewery brand is getting a makeover for the first time in 28 years. The company this week announced the launch of a full-scale revamp for its entire line of packaged products.
Press Clips: Deschutes Targets 1 Million Barrels Annually at Roanoke Production Facility; Untappd Launches New Taplist Platform for Retailers; AB-InBev Accepts Asahi Offer for European Brands
Founders Brewing Company will expand its distribution once again next month when it begins distributing in Maryland via a wholesale arrangement with Baltimore-based Legends Ltd. Distributing, a Sheehan Family Companies operation.
Brooklyn Brewery to Launch New Partner Brewery in South Korea; The Latest on MegaBrew; Georgia’s Dept. of Revenue Lifts Direct Sales Restrictions; Four Peaks to Expand Distribution Outside of Arizona; Tecate Rebrands, Expands to Nationwide Distribution in U.S.; Small Brewers Win Tax Breaks in Virginia
Bell’s Brewery yesterday announced plans to enter Texas in 2017. In a press release, the nation’s seventh-largest craft beer producer said it would launch its full portfolio in the state early next year, although the Michigan-based brewery has yet to formally ink any distribution agreements.
Jack’s Abby Craft Lagers today announced it had signed distribution agreements with four New Hampshire wholesalers and would launch throughout the state for the first time later this month. The New Hampshire Craft Alliance — a wholesale cooperative including Bellevance Beverage, Clarke Distributors, New Hampshire Distributors, and White Mountain Distributors — has partnered with the Massachusetts-based brewer.
A-B InBev Pushes Leadership to Earn $100 Billion in Revenue by 2020; Wandering Mikkeller Finds a Home in San Diego; Despite Slower Growth Trends, Heineken Bets on Cider in U.S.; Anchor Distilling to Open Facility to the Public; Kelsey Grammer to Open Brewery in Upstate New York
Oklahomans may soon have one more critical choice to consider when they cast their votes on Nov. 8. The Oklahoma House Rules Committee yesterday voted 6-3 in favor of Senate Joint Resolution 68, which would place several proposed changes to the state’s alcohol industry regulations in a single measure on the upcoming ballot.
Three years after announcing it would build a third brewery and taproom in the Los Angeles area, Firestone Walker this week said it would open its new facility in Venice, Calif. with just one hitch — it isn’t permitted to brew on-site any beer quite yet. Located in two adjacent buildings on Washington Boulevard, the so-called “Propagator” campus will function as a research and development brewery for the country’s 13th largest craft brewery.
Less than three months after choosing West Sacramento, California as the site of his next brewing venture, former Knee Deep Brewing co-owner Jeremy Warren has found a home for his new company, Revision Brewing. Warren plans to open Revision’s 20-barrel brewhouse at 1000 Riverside Parkway later this summer.
Antitrust regulators in South Africa have once again requested an extension to probe Anheuser-Busch InBev’s impending $106 billion acquisition of the world’s second-largest beer company, SABMiller. The nation’s Competition Commission, which reviews potentially monopolizing transactions in South Africa, today requested a fourth 15-day extension to complete its assessment of the so-called MegaBrew merger.
Base Camp Brewing Owner Arrested; Arrogant Bastard Gets Canned; Craft’s Private Equity Deals Profiled by Forbes; Hillary Clinton Visits Pearl Street; BrewDog Begins Distilling