Zoe Licata joined Brewbound in 2021 after several years of freelance reporting and documentary work. She’s a Massachusetts native, guinea pig for bev-alc innovation and savant in Gen Z culture.
Tilray Brand’s acquisition of Montauk Brewing Co. closed November 7 for an initial purchase price of $35.11 million, according to a 10-Q filing as part of the publicly traded cannabis firm and growing craft brewery consortium’s Q2 2023.
Constellation Brands credited its fall price increases for its beer business’ slowed depletion growth, during the company’s Q3 2023 earnings call with investors Thursday.
Constellation Brands’ beer division reported slowed shipment and depletion growth in Q3 2023 compared to recent quarters, with shipments up +2.7% and depletions up +5.7%.
The beer industry entered 2022 with concerns over aluminum can shortages and price increases, heightened by an increase in minimum order requirements by Ball Corporation, the world’s largest manufacturer of aluminum beverage cans.
Ready-to-drink cocktails (RTDs), non-alcoholic (NA) adult beverages and lager are expected to grow on Drizly in 2023, according to the alcohol e-commerce platform’s 2023 BevAlc Trend Report.
Compensation requirements, government checks and generational laziness have all been blamed for why many companies are struggling with staffing shortages and the “Great Resignation.” But above all, workplace culture is the biggest factor when it comes to hiring and retaining employees, Schilling Cider CEO Colin Schilling said during Brewbound Live last month in Santa Monica.
The vast majority of wholesalers (88%) are seeing drinkers in their markets trade down, or are expecting them to, according to a survey from financial services firm Jefferies. Monday Night Brewing is undergoing a full rebrand after more than 11 years.
A year after its founding, the Adult Non-Alcoholic Beverage Association (ANBA) has more than doubled its membership to more than 90 beverage companies across beer, wine and spirits.
Leaders representing 22 independent wholesalers submitted comments to the U.S. Department of the Treasury and the Alcohol and Tobacco Tax and Trade Bureau (TTB) Thursday, expressing concern over the marketing and sale of bev-alc products co-created by large soft drink companies such as PepsiCo and Coca-Cola.