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Schlafly and Non-Alc Beer Maker WellBeing Forge Joint Venture

Schlafly and Non-Alc Beer Maker WellBeing Forge Joint Venture

Two St. Louis craft breweries are forming a partnership. Schlafly Beer and non-alcoholic beer maker WellBeing Brewing Co. announced a joint venture Thursday that will see Schlalfy manage sales and production of WellBeing’s brands while also working with the company’s existing contract brewing and distribution partners.

Vita Coco, Diageo Collaborate on Captain Morgan RTD Canned Cocktail

Vita Coco, Diageo Collaborate on Captain Morgan RTD Canned Cocktail

Vita Coco is the latest non-alcoholic beverage giant to dip its toes into the RTD cocktail space, announcing today a collaboration with spirits conglomerate Diageo to release a line of coconut water spiked with Captain Morgan white rum.

Constellation Brands Execs Plan to Remain ‘Sensible’ on Pricing

Constellation Brands Execs Plan to Remain ‘Sensible’ on Pricing

Pricing was the clear theme of the question-and-answer portion of Constellation Brands’ first quarter FY2023 earnings call on Thursday. More specifically, analysts were wondering why the company is hesitant to increase price in an inflationary environment. CEO Bill Newlands reiterated that Constellation’s “long-term algorithm on pricing is +1%-2%,” although last year it increased beer prices +3.5%.