Social media posts by Josh Stylman, the CEO of Brooklyn-based Threes Brewing, drew backlash earlier this week after he called New York City’s vaccine mandate and others like it “a crime against humanity” and those who don’t speak out against them “a conspirator.”
Boston Beer Company has “many different ways” to reach the 4%-10% growth range it is targeting for 2022, even if Truly Hard Seltzer fails to grow amid the continued slowdown of the hard seltzer segment, CEO Dave Burwick said during the company’s fourth quarter and full-year earnings call.
Heineken NV reported its full-year 2021 earnings Wednesday, giving a picture into the state of its U.S. business. The Dutch brewing giant’s Heineken USA division posted low-single digit beer volume growth in 2021. However, the company recorded a nearly $231 million impairment charge related to Lagunitas.
The Brewbound team is joined by Selling Craft Beer’s Sean McNulty to discuss several brewery closures, including Modern Times’ plans to shutter four locations, the rumored deal between Constellation Brands and energy drink maker Monster, and the Treasury’s report on competition in the alcohol industry.
Mass. Bay Brewing Co. will look to the Harpoon League brand family — including Rec. League hazy pale ale and Big League hazy double IPA — to drive growth in 2022.
Boston Beer Company’s full-year net revenue reached a record $2.058 billion, an 18.5% increase over 2020, the company reported today. However, the news coming out of the company’s Q4 earnings report wasn’t all rosy, with the effects of the hard seltzer slowdown dragging down the company’s results.
Anheuser-Busch InBev will merge its High End and Brewers Collective sales teams, chief commercial officer Kyle Norrington announced to wholesalers today.
Boston Beer Company executive salaries for 2022 were shared in a U.S. Securities and Exchange Commission filing Tuesday. The company also announced that its top executives would forego bonuses for fiscal year 2021.
Shipments from Mass. Bay Brewing Company – whose portfolio includes Harpoon Brewery, UFO Beer Co., Clown Shoes Beer, City Roots Cider and Arctic Chill Hard Seltzer – declined -10% in 2021, marking a second consecutive year of double-digit production declines, according to estimates from the Brewers Association (BA).
The Oskar Blues taproom in Boulder, Colorado, has shuttered, according to the Daily Camera.Magnolia Brewing’s brewery in the Dogpatch neighborhood of San Francisco will close on February 20, the company announced on Instagram.
Beer lost 3% share of Drizly sales to wine during Super Bowl LVI (February 13) compared to the “Big Game” last year, according to the e-commerce alcohol delivery platform.
The rumored tie up between Constellation Brands and energy drink maker Monster Beverage is progressing and a deal could be completed in the coming weeks, according to a Bloomberg report.
San Diego, California-based Modern Times Beer announced Monday that it will be closing its locations in Portland, Oregon; and Oakland, Santa Barbara and Los Angeles, California; citing financial strain from the COVID-19 pandemic and “global declines in the craft beer industry.”
Hair of the Dog Brewing Company founder Alan Sprints announced today that he plans to retire and shut down the 29-year-old, Portland, Oregon-based craft brewery later this year.
