News

Craft beer industry news.

Squatters Founders Buy Back Restaurants and Brewpubs

Squatters Founders Buy Back Restaurants and Brewpubs

Squatters founders Peter Cole and Jeff Polychronis’ PRC Restaurant Company, along with boutique investment firm Sentry Financial and local investors, acquired the Salt Lake Brewing Company from CANarchy.

Molson Coors Full-Year Shipments Decline -0.5%, Net Sales Increase +6.5% as Company Focuses on Premiumization

Molson Coors Full-Year Shipments Decline -0.5%, Net Sales Increase +6.5% as Company Focuses on Premiumization

Molson Coors’ net sales increased +6.5% for the full 2021 fiscal year and +14.2% in the fourth quarter, the company reported today. The company posted net sales of $10.279 billion for the year that ended December 31. Worldwide, shipments (sales to wholesalers) declined -0.5% and brand volume (similar to depletions, which are sales to retailers) declined -1.7% over the course of the year.

Sparkling Ice Spiked Releases Newest Cocktail-Inspired Hard Seltzers

Talking Rain Beverage Company, the maker of Sparkling Ice Spiked™, is bringing vacation vibrations in a can to consumers this winter with the launch of Sparkling Ice Spiked Cocktails, the brand’s new cocktail-inspired hard seltzers that transport you to paradise with every sip.

Beavertown Brewery’s Low-Cal Hazy Pale Ale Returns

Back by popular demand having successfully landed on earth last year, Beavertown’s first ever hazy low calorie beer is rejoining its specials range just in time for spring approaching, the weather getting warmer and everyone looking forward to enjoying a can in the park with mates.

Loverboy Adds The Cosmopolitan to Their Craft Cocktail Line

Loverboy, one of the fastest growing alcohol brands that’s trailblazing new standards in the better-for-you and ready-to-drink beverage categories, continues to expand its robust product roster of Sparkling Hard Teas, Spritzes, and Canned Cocktails with the release of their newest innovation today – the Cosmopolitan.

Boston Beer Supply Chain Leader Quincy Troupe to Exit Company;  Hard Seltzer Slowdown Fallout Detailed in Annual Report

Boston Beer Supply Chain Leader Quincy Troupe to Exit Company; Hard Seltzer Slowdown Fallout Detailed in Annual Report

Boston Beer Company announced the exit of one of its top executives, as well as offered a deep dive into its business across a pair of filings with the U.S. Securities and Exchange Commission Tuesday evening. In an 8-K filing, Boston Beer reported that Quincy Troupe, senior VP of supply chain, tendered his resignation on February 21.

US Brewers Ship 12.3 Million Barrels in January 2022; Shipments -6% Compared to January 2021

US Brewers Ship 12.3 Million Barrels in January 2022; Shipments -6% Compared to January 2021

Domestic tax paid estimates from the Alcohol and Tobacco Tax and Trade Bureau shared by the Beer Institute (BI) reveal a slow start to 2022. U.S. brewers shipped 12.3 million barrels of product in January 2022, a 6.2% decline (-815,000 barrels) compared to January 2021’s 13.1 million barrels, according to the estimates shared by the BI.