Ready Or Not: RTDs Detracting From Spirits’ Growth?
Last week in existential musings on the spirit industry, analysts asked the question: What if growth doesn’t return after destocking is done?
Brewers Association: 2023 Craft Brewery Production -1%, Openings Outpace Closings by 77
Small and independent craft brewery production totaled around 23.4 million barrels in 2023, a -1% decline compared to 2022, the Brewers Association (BA) reported today.
Proposed Colorado Bill Would Double Bev-Alc Taxes to Fund Addiction Recovery Efforts
A pair of alcohol-adjacent bills have been introduced in the Colorado Legislature. One (SB24-181) seeks to create a tax on beverage-alcohol products distributed in the state to fund “alcohol and related substance use disorder prevention, early intervention, treatment, harm reduction and recovery services” across Colorado.
Seattle Hospitality Group to Acquire Fremont Brewing
Pike Brewing owner the Seattle Hospitality Group (SHG) has reached a “definitive agreement” to acquire a “controlling interest” in Fremont Brewing, the company announced today.
Craft Brewers Are Convinced It’s Lager’s Year (For Real, This Time)
In a time when it seems like just about anything can be an alcoholic beverage (Distilled Doritos Nacho Cheese, anyone?), some craft breweries have embraced the trend, expanding their portfolios with canned cocktails, flavored malt beverages (FMBs) and even bottled spirits.
🍻 INSIDER’S Week in Beer: $5 Beers, a Tradition Unlike Any Other
Now, this is a sporting event menu folks. #5DollarBeer.
Eight Promotes David Reny to CEO; Ruchi Desai to Focus on Fundraising, Strategy; YTD Trends Up
Texas-based lager brand Eight has promoted chief commercial officer (CCO) David Reny to CEO. He will assume the post effective May 1, as Eight co-founder and CEO Ruchi Desai shifts her focus to capital raises and strategic planning.
Brewbound Podcast: Hear From Green Cheek, Arryved and East Brother
On a special bonus episode of the Brewbound Podcast, we bring you a 3-pack of interviews from the California Craft Beer Summit in Sacramento in March, featuring conversations with leaders from Green Cheek, Arryved and East Brother.
Featured Jobs
A Round With… Julie Rhodes of Not Your Hobby Marketing Solutions
In the latest installment of Brewbound’s A Round With – a weekly Insider-exclusive Q&A series with industry leaders – Julie Rhodes, founder and principal of Not Your Hobby Marketing Solutions, shares her best advice for navigating craft’s turbulent waters, balancing competing priorities… and surviving CBC.
Constellation: Shipments +7.4%, Depletions +7.5% in FY 2024; Expect +7% to +9% Net Beer Sales Growth for FY 2025
Constellation Brands capped another strong year for its beer business with full-year net sales growth of +9% for its beer brands, hitting the top end of the company’s +8% to +9% growth expectations for fiscal year 2024, company leadership shared Thursday.
CPI: Beer At Home Lags Behind Overall Inflation; Records 5th Straight Month at or Below +3%
The Consumer Price Index (CPI) for beer at home lagged behind overall inflation in March 2024, the U.S. Bureau of Labor Statistics (BLS) reported this week.
Goldman Sachs: Constellation and Molson Coors ‘Big Winners’ for Spring Resets; A-B ‘Doing A Better Job Than Many Expected’
Constellation Brands is expected to be the biggest winner in shelf resets this spring, according to the most recent Beverage Bytes beer distributor survey by Goldman Sachs.
Data: Margarita Reigns; Cocktail Velocity Up 5%
America’s No. 1 cocktail is… still No. 1. The margarita retained a fifth of all cocktail sales on-premise in the last quarter of 2023.
Meet One-to-One with Buyers from Whole Foods Market at Brewbound Live Winter 2024
At Brewbound Live in Marina del Rey, CA on December 11 + 12, beer and beverage-alcohol brands can participate in retailer one-to-ones. Leaders from Whole Foods Market will be available for private, pre-scheduled meetings. Brands will be selected at each retailers’ discretion.