Craft beer industry news.
Constellation Brands has reached an agreement with spirits giant Sazerac to offload its Svedka Vodka brand, the company announced today. The sale, which is expected to close “in the coming months,” is part of Constellation’s plan to premiumize its wine and spirits business, which have not kept pace with the gains its beer portfolio of Mexican imports has delivered.
The pub at Cisco Brewers’ complex in Portsmouth, New Hampshire, has closed, the brand announced last week.
Draft beer considerably outperforms package in on-premise outlets that offer both options, according to a report released today by Draftline Technologies and CGA, the on-premise arm of market research firm NIQ.
Folks, we’ve had a lot of advancements in craft beer over the years (flaked oats – who knew?), but like many other sectors in life, the folks north of the border are showing us how it’s done. ONTARIO RACING is celebrating the release of a new UNFILTERED documentary project by partnering with local brewery AVLING to finally create a beer so that you too can feel like a horse when having a cold one.
The Brewers Association announced the results of its board of directors election today. Three candidates were elected to serve three-year terms starting February 2025.
Molson Coors has acquired Cruz Blanca, the Chicago-based, Mexican-inspired beer brand, Brewbound has confirmed.
Breweries in the Mecklenburgs both old and new are uniting to deliver a black beer for Black Friday. Charlotte-based Olde Mecklenburg Brewery (OMB) today announced its first-ever international collaboration with Störtebeker Braumanufaktur, a craft brewery in the German state of Mecklenburg-Vorpommern.
After a packed news week, the Brewbound team breaks down the latest headlines, including leadership reorganization and staff cuts at the Brewers Association and an impending CEO change at Heineken-owned Lagunitas. Jess, Zoe and Justin also preview the Brewbound Live business conference.
Distributor sentiments for beer category strength shifted from cautious to “neutral” in November, according to the National Beer Wholesalers Association (NBWA) in the trade group’s latest Beer Purchasers’ Index (BPI) report.
Total beverage-alcohol sales have declined -7.7% year-over-year (YoY) for the week ending November 17, according to market research firm Circana.
Constellation EVP and beer division president Jim Sabia shed light on the company’s 2025 strategies last week during Beer Marketer’s Insights’ annual fall seminar in New York City. Here are some of the highlights from the conversation.
President-elect Donald Trump promised to impose 25% tariffs on all imported goods from Mexico and Canada and an additional 10% tariff on products from China beginning January 20, his first day in office.
Spirits giant Sazerac manages approximately 500 brands across beer, wine and spirits, yet president and CEO Jake Wenz insists the company is still “focused.”
Sapporo-Stone Brewing will cease the exporting of Stone beers in January 2025, a spokesperson for the company confirmed. Stone exports its products to 50 countries via a network of international distributors, according to its website.
