Anheuser-Busch InBev may be looking inward for a possible successor for CEO Carlos Brito. According to Bloomberg News, Michel Doukeris, CEO of A-B’s U.S. business, is the front-runner to succeed Brito.
Consumers spent $97 million on craft beer through e-commerce in 2020, which accounted for 24% of all beer category dollar sales online. In brick-and-mortar stores, however, craft beer makes up 12.6% of all dollar sales. In fact, craft has the second largest dollar share behind flavored malt beverages (32%), which include hard seltzers.
A group led by hard cider entrepreneur Brett Williams acquired a stake in Wachusett Brewing Company last September, Brewbound has learned. “An opportunity presented itself during the pandemic to invest in Wachusett and we decided to do so,” Williams told Brewbound Thursday. “We are the only people that are crazy enough to invest in a brewery in a pandemic.”
Anheuser-Busch InBev’s 2020 global revenues declined 3.7%, to $46.8 billion, driven by the continued impact of the COVID-19 pandemic in what was “undoubtedly a difficult year for our colleagues and our business,” CEO Carlos Brito said during a call with investors and analysts Thursday to discuss the company’s Q4 and full-year 2020 earnings. “While we… Read more »
Alva Mather and Nichole Shustack of McDermott, Will & Emery — a law firm with one of the country’s leading beverage alcohol practices — joined the Brewbound Podcast to break down all the pressing legal issues facing the beer industry in 2021.
For 2021, Brooklyn will lean on a slate of new offerings including Pulp Art Hazy IPA, the expanded Special Effects non-alcoholic line, and a line of hard seltzers, in addition to its flagship Brooklyn Lager and Summer Ale seasonal.
Drizly offered insights into sales of two of the online marketplace’s most popular beer category segments: IPAs and beyond beer, or “hard alternatives,” in the company’s parlance. Beverage packaging company Ardagh Group has proposed spinning off its can packaging operations into a new entity combined with Gores Holdings V, pending shareholder approval, according to a press release.
Former Wachusett Brewing Company president Christian McMahan has started The Hooch Lab, a consulting firm targeting higher-end brands in the beer, wine, spirits and ready-to-drink FMB space.
San Diego-based independent wholesaler Scout Distribution will begin distributing the Port Brewing and Tiny Bubbles brands beginning March 1, the San Marcos, California craft brewery announced today.
Craft beer dollar sales are up 18.8% year-to-date through January 24 at multi-outlet retailers and convenience stores tracked by market research firm IRI.
A cidermaker and a craft brewer wanted to open a bar, so they founded a distillery. It’s complicated, but it’s the origin story behind the Bale Breaker and Yonder Taproom, set to open this summer in Seattle’s Ballard neighborhood, thanks to a piece of legislation passed in 2020.
Constellation Brands is making a pair of executive moves, placing Jim Sabia in charge of the company’s beer division and promoting Mallika Monteiro to the expanded role of chief growth, strategy and digital officer. Those moves take effect on March 1.
Des Moines, Iowa-based Exile Brewing Company is expanding its distribution reach even further in the state of Illinois after launching in the Chicago suburbs of Aurora, Naperville, Wheaton, and Elgin last week.
The Maryland Health Equity Resource Act, which was introduced in the Maryland House of Delegates last month and referred to the Health & Government Operations Committee on February 2, would raise the 9% sales tax on alcoholic beverages by 1%.