Goldman Sachs’ pessimism for Boston Beer Company’s 2022 sales performance and the company’s ability to reach its 2022 guidance continues, with analyst Bonnie Herzog downgrading Boston Beer to a “sell” rating in the financial services firm’s June Beverage Bytes retailer survey.

Total beer had a “break in the pattern” this month, contracting with a reading of 46 in June’s Beer Purchasers’ Index (BPI), according to the National Beer Wholesalers Association (NBWA).

A judge in Orange County Superior Court has approved the sale of San Diego-based Modern Times Drinks to BX MT BAMF LLC – a limited liability company connected with Anaheim, California-based Brewery X – for $20 million.

Sapporo’s acquisition of San Diego-based Stone Brewing Company will support a large expansion of the Japanese beer maker’s U.S. beer sales and production, according to a supplementary explanatory materials document filed by Sapporo Holdings.

Court records filed in the wake of last Friday’s auction for San Diego craft brewery Modern Times give a closer look at bidding play-by-play, and the tension between qualified bidders MTD Asset Acquisition and BX MT BAMF LLC. Earlier this week, MTD (the group referred to during the auction as North Carolina brewery Tru Colors), whose $20.1 million bid was not accepted as the winning bid, filed an objection to the sale of Modern Times to BX MT (an affiliate of Brewery X in Anaheim), and submitted a new bid of $21 million. MTD claims priority was given to Brewery X’s bid due to its inclusion of a shorter closing period, despite what it believes was a previous guarantee that such conditions would not be weighted in choosing a winning bid. Those efforts caused a federal judge to table a hearing Monday set to confirm the sale of the brewery.

Light lager continues to increase share on Drizly, clawing back share losses to hard seltzer over the past two years, according to the e-commerce alcohol delivery platform in its latest BevAlc Insights report.

Carbon Copy, a brewery and winery launched in 2020, has taken over the former Dock Street Brewery West location in Philadelphia, The Philadelphia Inquirer reported.

MTD Asset Acquisition (MTD), the bidder that was not selected during the auction for Modern Times last week, has filed an objection to the court-appointed receiver’s selection of BX MT BAMF LLC (BX), an affiliate of Anaheim, California-based Brewery X, as the “winning” bidder in the auction for the San Diego craft brewery.

The Beer Institute (BI) has called the RTD regulatory changes signed into law last week in Vermont a “massive handout” for the spirits industry, and warned legislators of the impact it will have on taxpayers, in a blog post Thursday.

Two pioneering New England craft breweries are joining forces: Harpoon parent company Mass. Bay Brewing in Boston has struck a deal to acquire Long Trail Brewing Company in Bridgewater Corners, Vermont.

“Stronger Together” was the theme of the Distilled Spirits Council of the United States’ (DISCUS’) annual conference, held last week in New Orleans.

IRI-defined ready-to-drink alcoholic beverages (RTDs) have recorded nearly $9 billion in sales over the last 52 weeks (ending June 5) in IRI tracked off-premise channels (multi-outlet plus convenience), according to the market research firm.

Tax equalization, expanded direct-to-consumer shipping and diversity, equity and inclusion (DEI) efforts are key focuses for the Distilled Spirits Council of the United States (DISCUS) in 2022, president and CEO Chris Swonger detailed in a press briefing Wednesday during the trade group’s annual conference in New Orleans, Louisiana.

Night Shift Brewing is spreading its wings this summer with the addition of three new Owl’s Nest beer gardens in the Greater Boston area, opening throughout June.