The Federal Trade Commission (FTC) on Friday terminated its review period for Monster’s proposed acquisition of Vital Pharmaceuticals, the parent company of Bang Energy, clearing the way for the transaction to be completed later this month, according to an internal communication viewed by BevNET.
Firestone Walker has hired Tony Amaral as chief sales officer, the company announced late Friday.
Constellation Brands posted solid shipments and depletions growth in its first quarter of fiscal year 2024. Beer shipments increased +7.5% year-over-year (YoY), to 107 million case equivalents, while depletions increased +5.5%.
Blake Lively is the newest celebrity to jump into the booze world, although she’s already had one foot in the door.
For the first time since at least 2015, an equal number of craft beer drinkers surveyed in the Brewers Association’s (BA) annual Harris Poll said they were drinking more craft beer in 2023 than the amount who said they were drinking less craft beer – about 25% each.
Sometimes it’s better to be right than to be early. Before the no/low alcohol category grew into a $11 billion business, Haus, a low-ABV Sonoma-based aperitif brand launched to much buzz in 2019.
Monster Beverage Corp. has been revealed as the winning bidder for Vital Pharmaceuticals, maker of Bang Energy, per court documents filed Wednesday in the U.S. District Bankruptcy Court in Florida. However, a pending U.S. Federal Trade Commission investigation could derail the deal by tomorrow.
Artisanal Brewing Ventures’ key brands are trending up as summer begins. Year-to-date through June 4, the craft brewery platform’s off-premise sales (+13.1%) are outpacing the beer category (+3.8%) and the craft segment (-1.4%), CEO John Coleman shared, citing data from market research firm Circana.
Wisconsin Brewing’s Paul Verdu and Move Ukraine’s Ken Shearer join the Brewbound Podcast to discuss the Move Ukraine collaboration beer project aimed at helping rebuild Ukraine.
Total beer category ordering rose again in June, with a reading of 54, according to the latest Beer Purchasers’ Index (BPI) shared by the National Beer Wholesalers Association (NBWA).
Anheuser-Busch U.S. (A-B) CEO Brendan Whitworth made his first major media appearance this morning since the conservative-led boycott of Bud Light began two months ago, appearing on CBS’ morning show.
Sean “Diddy” Combs’ signature album may be “No Way Out,” but Diageo apparently didn’t get the message.
Off-premise beer category dollar sales are up +0.7%, while volume sales have declined -4.1% for the four-week period ending June 17, according to market research firm NIQ. Also, the off-premise declines of Bud Light accelerated compared to previous weeks.
Leaders from Dogfish Head, Total Wine & More, Burke Distributing and Bump Williams Consulting will share their perspectives on the beer industry’s performance following the July 4 holiday during Brewbound’s Brew Talks meetup in Boston.
