Monster Beverage Company reported +15.2% year-over-year sales growth in the third quarter, even as increased expenses and cost of goods continue to drag on the energy drink maker’s margins despite price increases.
Spirits portfolio company Next Century Spirits has acquired XED Beverages, the maker of cocktail-inspired hard seltzer brand Sesh.
Attorneys general from Washington state and the District of Columbia are seeking to temporarily block a $4 billion payout to Albertsons’ shareholders on November 7, filing lawsuits this week to put a hold on the cash dividend at least until the grocery giant’s proposed merger with Kroger can be reviewed by federal regulators.
Following the Winking Lizard Tavern’s annual announcement of its beer menu for 2023, founder John Lane shares how the event shook out, who left the day happiest, the one beer that is untouchable on the Winking Lizard’s menus, the inflationary pressures on draft beer, changes to its Tour of Beers program and much more.
Leisuretown, Modern Times’ Anaheim, California-based taproom, complete with a swimming pool, has closed, Brewbound has confirmed.
American Canning, an Austin, Texas-based aluminum can and packaging supplies provider, has signed a supply agreement with global can manufacturer Ball Corp. as an “official distributor” of blank and printed brite cans.
Another soda company is testing the beverage-alcohol market – this time with the world’s largest beer manufacturer. Novamex, the maker of Mexican soda brand Jarritos, is partnering with Anheuser-Busch InBev (A-B) to launch Cantaritos Hard Sodas in California and Texas markets next spring.
Diageo has acquired Waco, Texas-based whiskey maker Balcones Distilling in a cash transaction, the company announced today.
Our next virtual networking event is on Thursday, November 10th from 3:00 – 4:00 PM ET. Beer and beverage-alcohol brands have the opportunity to learn from CPG investors, hard-to-reach retail buyers, and other experts providing advice on topics like packaging, branding, and PR strategy.
Data from beer-centric social media platform Untappd, which tracks where and when users drink beer, shows that traffic at brewery taprooms has recovered to 117% of January 2019 levels.
Molson Coors CEO Gavin Hattersley declared the U.S. consumer “remains resilient,” as trade up to premium offerings continues and there aren’t signs of “significant channel shifting,” during the beverage-alcohol producer’s Q2 earnings report today.
Campari Group is boosting its Kentucky bourbon portfolio by taking a majority stake in Wilderness Trail Distillery, the company announced today. The move comes at a time when American whiskey continues to rise, and particularly higher-priced brands.
Let’s get this out of the way: The Lost Abbey isn’t going away. The iconic U.S. maker of barrel-aged Belgian-style ales is, however, attempting to sublease half of its 40,000 sq. ft. production space in San Marcos and sell its 30-barrel brewery and fermentation tanks.
San Francisco-based Seven Stills Brewery & Distillery closed for good on Sunday, October 30, CEO Tim Obert announced via email last week.
