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Craft beer industry news.

Molson Coors Announces Plan to Restructure Business, Cut Workforce and Invest in New Brands

Molson Coors Announces Plan to Restructure Business, Cut Workforce and Invest in New Brands

Molson Coors today announced a sweeping restructuring and revitalization plan aimed at reinvesting $150 million annually in its core products, above-premium offerings, new innovations in the beyond beer space and digital capabilities. In order to achieve the savings, Molson Coors is consolidating its business units and office footprint and slashing its workforce.

Boston Beer Company Depletions Up 30%, Shipments Grow 19% in Q3

Boston Beer Company Depletions Up 30%, Shipments Grow 19% in Q3

Boston Beer Company reported third quarter depletions (sales-to-retailers) and shipments (sales-to-wholesalers) of 30% and 19.1%, respectively, according to financial results issued after the end of trading today. Boston Beer’s third quarter earnings marked the first with combined results following the merger with Dogfish Head Craft Brewery. The combined company — whose brands include Truly Hard Seltzer, Samuel Adams beer, Angry Orchard hard cider and Twisted Tea — reported net revenue growth of 23.3%, to $378.5 million, during Q3.

Alaskan Brewing to Release Hard Seltzer

Alaskan Brewing Co. has produced award-winning craft beer since their 1986 beginnings, but the brewery’s latest release marks their first foray outside the world of malts and hops: Alaskan Hard Seltzer.

Detroit Pistons Collaborate with Atwater Brewery on Triple Double Low-Calorie Ale

The Detroit Pistons have partnered with Atwater Brewery to create a co-branded beer called the “Triple Double.” The specially designed ale will be available for purchase at Little Caesars Arena at all Pistons games and will soon be available in stores throughout the Michigan area.

Six Months in, Brew Pipeline’s Guest Brewer Program Reaches 34 States

Six Months in, Brew Pipeline’s Guest Brewer Program Reaches 34 States

Nearly seven months after its launch, Brew Pipeline’s Guest Brewer program has expanded into 34 states, exceeding its initial goal of attaining distribution of reaching half the country before the year’s end. Guest Brewer, one of six offerings from “direct-access platform” Brew Pipeline, pairs select craft brewers’ products with wholesalers in markets where they currently… Read more »