The Sands family, the largest shareholder of Constellation Brands stock, has proposed declassifying the company’s common stock and transitioning to a single-class common stock structure.
BrewDog has rejected a proposal from Hand & Heart, the workplace consulting firm that was attempting to manage a reconciliation program between the Scottish craft brewer and current and former employees who felt wronged by its allegedly toxic work environment.
Anthony Spina and Matt Sievers – who’ve worked on brands such as Mark Anthony Brands’ White Claw and Mike’s Hard Lemonade and Pabst Blue Ribbon – have launched their own endeavor: Primer Electrolyte Charged Hard Seltzers.
San Diego-headquartered JuneShine released its first commercial campaign today, promoting its recently launched ready-to-drink, spirits-based canned cocktails with the tagline of “Dodge the Sugar.” Beer buyers’ behavior has “continued to revert to pre-pandemic trends” for the third consecutive month, according to the National Beer Wholesalers Association’s (NBWA) March Beer Purchasers’ Index (BPI).
Off-premise dollar sales of ready-to-drink canned cocktails (RTDs) and hard seltzers have more than doubled in the past three years, increasing +155% since 2019 (through January 8, 2022), according to NielsenIQ data, shared by the Beer Institute’s (BI) VP of research Danelle Kosmal during a webinar Thursday.
Delivery service Gopuff has laid off hundreds of employees as it aims to cut costs, the company confirmed today. Former employees claimed the number was more than 1,000.
While beer price increases have remained below national inflation, nearly two-thirds of consumers plan to cut back on alcohol spending due to inflation, according to a recent Harris Poll survey commissioned by the Beer Institute (BI) shared by BI VP of research Danelle Kosmal during a webinar Thursday.
What propelled the craft beer industry to nearly 9,000 breweries over several decades isn’t volume growth, distribution expansion or heaps of medals, but the stories of its people, according to Maine Beer Company co-founder Dan Kleban. Kleban delivered a keynote address Thursday at the New England Brew Summit, hosted by the Maine Brewers’ Guild centered on the theme of standing out in a crowded marketplace.
A jury awarded Stone Brewing $56 million in its trademark infringement lawsuit against Molson Coors for its Keystone Light rebrand last Friday. Courthouse News Service reporter Bianca Bruno joins the Brewbound team to discuss what it was like inside the courtroom and where the case goes from here, including post-trial motions. Plus, Harris Beach partner Brendan Palfreyman returns.
New Mill Capital, the asset disposition firm tasked with selling Milwaukee Brewing Company, has set a minimum offer at above $10 million for parties interested in the Wisconsin craft brewery, according to an email from the firm’s principal, Eric Weiler.
E-commerce beverage-alcohol platform Provi has filed a complaint against Southern Glazer’s Wine and Spirits and Republic National Distributing Company (RNDC) – the country’s two largest wine and spirits distributors – alleging that the companies have unlawfully stifled the growth of its platform.
Through the first two months of the year, shipments are down -6%, to 23.4 million barrels shipped, according to the Beer Institute (BI), citing domestic tax paid estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Molson Coors is in the process of a packaging refresh for Keystone Light, chief legal officer Anne-Marie D’Angelo shared with the company’s distributor partners in a memo Tuesday afternoon. The company shared plans for the packaging refresh just days after a jury awarded Stone Brewing Company $56 million in its long-simmering trademark infringement lawsuit against Molson Coors.
Massachusetts state senators voted last week to continue outdoor dining and cocktails to-go allowances through April 1, 2023.
