Sun King Brewing Acquires Hotel Tango Whiskey; Opens 8th Taproom in Indiana
Indianapolis-based Sun King Brewing has expanded its empire with the acquisition of Hotel Tango Whiskey’s brand assets, the brewery announced this week.
News
Craft beer industry news.
Press Clips: Middle-Tier Job Cuts at RNDC, Odom; Constellation Innovation Roll Outs
Check out news items that were initially reported in the Brewbound Insider Newsletter April 27-29, including headlines from RNDC, the Odom Corporation and Constellation Brands.
The Wine Group Acquires Phony Negroni Maker St. Agrestis
Brooklyn-based non-alcoholic beverage maker St. Agrestis, best known for its Phony Negroni line of bottled RTD mocktails, has been acquired by The Wine Group (TWG) for an undisclosed sum.
NIQ Weekly Scans: Bev-Alc Down Single-Digits in L4W Thru Mid-April; Import Volume Back in Red YTD
Bev-alc’s off-premise trends have remained relatively consistent post-Easter, according to the latest weekly report from market research firm NIQ.
Molson Coors Adds Coors 0.0 to Non-Alc Beer Portfolio
Molson Coors is tapping into the equity of its flagship Coors Light brand for its next non-alcoholic (NA) beer venture: Coors 0.0.
Brown-Forman and Pernod Ricard Terminate Deal Talks
The will-they, won’t-they between Brown-Forman and Pernod Ricard has ended with an emphatic they won’t. The spirits giants announced today they “were unable to reach mutually agreeable terms,” ending discussions regarding a potential combination of their businesses.
Sazerac Invests in Kendall Jenner’s 818 Tequila for Nationwide Sales and Distribution Partnership
Spirits giant Sazerac announced today a “strategic partnership” with 818 Tequila, the brand founded by model and reality TV star Kendall Jenner.
Spirits Distribution: Carbliss Hits New York, Olé Goes National
This month’s distribution moves see Carbliss push into two major new markets, Mark Anthony’s Canadian ready-to-drink (RTD) tequila cocktail expand in the U.S., and ShakeUp transitions to a beer house.
Circana Weekly Scans: Expected Easter Comps Drive -7.3% Bev-Alc Decline
As expected, beverage-alcohol dollar sales recorded a notable drop (-7.3%) during the week ending April 19 compared to the same week last year, according to market research firm Circana’s latest weekly report.
RNDC Agrees To Sell 17 Control State Markets to Martignetti; Plans to Shed Further Operations
Republic National Distributing Company (RNDC) plans to shed the majority of its remaining business, with another transaction divesting from 17 states.
Columbia Distributing Signs LOI with RNDC For Washington, Oregon Wine & Spirits Biz; Alaska Agreement Too
Another piece of Republic National Distributing Company’s business appears to be on the move. Columbia Distributing has entered into a non-binding letter of intent to acquire “certain wine and spirits distribution rights” in Oregon and Washington state, as well as “an asset arrangement in Alaska.”
New Trail, Lawson’s and Global Partners Dish on Getting & Staying on Shelf
With today’s overcrowded shelves and endless bev-alc options, more and more suppliers are fighting for less and less retail space. Global Partners’ Mark Buonomo, New Trail Brewing’s Paul Gephart and Lawson’s Finest Liquids’ Matt Roth and Seth Talmon share tips for sticking out and getting one of those coveted placements.
From Gin & Juice to Hard Tea: Dr Dre and Snoop Target New RTD Segment
West Coast rappers and business moguls Dr. Dre and Snoop Dogg are expanding their ready-to-drink (RTD) line into hard tea and lemonade.
Insider’s Week in Beer: 🍻 Pre-Gaming: Not Just For College Kids Anymore
Let’s start with some good news this week! All of the bev-alc inflation over the past few years combined with other larger American consumer pocketbook pressures ⛽️ is bringing back a time-honored tradition: pre-gaming! (Wait, did that ever really go anywhere?)