Report: Craft Spirits Reach $7.9 Billion in U.S. Sales; Growth Slows
U.S. craft spirits topped $7.9 billion in sales in 2022, growing 5.3% in value and 6.1% in volume, but slowed considerably from the year prior, according to a new report.
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Craft beer industry news.
Brooklyn Brewery Champions Inclusivity in Brewing Industry With Official Certification as a SIGBI Safe Space for LGBTQ+
Brooklyn Brewery, located in one of the most culturally diverse areas of the country, has consistently supported and reflected the varied backgrounds of its community.
Brewbound Podcast: Ding Dong, Drizly is Done; Plus, Scanning the Craft Scans
Drizly will be no more as of March. The week started with Uber announcing plans to shut down the e-commerce alcohol delivery platform. Brewbound editor Justin Kendall and weekend newsletter writer Sean McNulty discuss the decision and why it’s another blow for brewers.
SweetWater Brewing Doubles Down on ‘Gummies’
SweetWater Brewing Company (“SweetWater Brewing” or “SweetWater”), the largest craft brewer in the Southeast and a subsidiary of Tilray Brands, Inc. (“Tilray” or the “Company”) (NASDAQ: TLRY and TSX: TLRY), announced the release of two bold additions to the SweetWater Gummies line of brews, its latest run on fruit-flavored, high-alcohol beers.
Seattle Cider Co Launches VIVID Light Cider With Four Refreshing Light Cider Flavors
Seattle Cider Co, known for its award-winning line of dry and off-dry offerings, is excited to announce the arrival of VIVID Light Cider, the company’s new brand family.
Revolution Brewing Rolls Out Cold Time Premium Lager
Revolution Brewing, the Illinois brewer known for award-winning IPAs, seasonal brews, and barrel-aged beers, is adding a brewery-fresh Premium Lager to the lineup for 2024 with the introduction of Cold Time.
Tennessee Brew Works Releases Secret City
Tennessee Brew Works is thrilled to announce the release of the popular limited edition Secret City Imperial IPA.
Beer Industry Summit: New Belgium Won’t Rest on Voodoo Ranger Success; Diageo Finds Non-Alc Wins for Guinness
Industry executives gathered for Beer Business Daily’s annual Beer Industry Summit in Coronado, California, earlier this week. New Belgium continued to dominate craft scans in 2023, led by its Voodoo Ranger brand family, which claimed six spots in Circana’s list of the top 30 craft brands by dollar sales in tracked off-premise channels. As the company faces the comps – including multiple double-digit gains – New Belgium will not rest on its laurels, new CEO Shaun Belongie said on stage Sunday.
Monster Leaders Talk Nasty Beast/Beast Unleashed, Bang Refresh at Investor Meeting
With its business expanding amid a rising U.S. energy drink category, Monster Beverage Corporation projected confidence in its widening product portfolio during its annual investor meeting presentation yesterday.
Independent A-B Wholesaler Hensley Beverage Appoints Andy McCain CEO
Hensley Beverage Company president and CCO Andy McCain has been promoted to CEO of the beverage distributor, effective immediately. McCain has worked for Hensley — a 69-year-old independent Anheuser-Busch InBev wholesaler that covers Arizona and New Mexico — for more than 27 years, serving in several leadership roles over that time, including CFO. He was… Read more »
Carlsberg Acquires Minority Stake in Mikkeller
Danish multinational brewer Carlsberg has acquired a 20% stake in Mikkeller from New York-based private equity firm Orkila Capital, the Denmark-based craft brewery announced.
Lagunitas Appoints Heineken Vet as New Head of Sales
Another Heineken executive is moving over to the Lagunitas team. The Heineken-owned, Petaluma, California-based craft brewery announced today the appointment of Peter Green as head of sales. Green will officially take over the role on March 1.
New Jersey Governor Signs Taproom Operation Reform into Law
New Jersey Gov. Phil Murphy signed into law a bill that will ease strict restrictions on the way craft breweries in the state can operate their taprooms.
Diageo and Diddy Settle Racial Discrimination Suit
After nearly nine months of an ugly public legal battle, Sean “Diddy” Combs and Diageo have settled disputes over allegations from the music mogul that the brands he collaborated with Diageo on— Cîroc Vodka and DeLeon Tequila— received worse treatment because of his race.