FoxTrot believes convenience stores and corner markets need a makeover, and now it has more cash to make that a reality. The retailer announced Tuesday that it has raised $100 million to help expand into new markets and to invest into its e-commerce business.
Online sales of beverage alcohol reached $6.1 billion in 2021 and have more than doubled their share of all off-premise dollar sales since 2019, according to a new report from Rabobank beverages analyst Bourcard Nesin. E-commerce sales of beer, wine and spirits accounted for 4% of total category off-premise sales in 2021, up from nearly 1.9% in 2019.
Cincinnati-based Rhinegeist Brewery nearly recovered to pre-COVID-19 levels in 2021, increasing sales +6% year-over-year, VP of Sales Matt Steinke told Brewbound.
Energy drink maker Monster’s interest in the beverage alcohol space hasn’t faded — at least if the company’s job listings are a clue to its ambitions. Financial services firm Jefferies web sleuthed several job posts over the last year that point to Monster “prudently building expertise in the alc space.”
The fifth generation of the Wanty family is taking the reins at O&W Inc., a Ypsilanti, Michigan-based independent beer wholesaler.
The San Diego craft brewery scene is once again getting shaken up by the Kings & Convicts. After acquiring the Ballast Point brand from Constellation Brands in 2019, the company is acquiring the brewing facilities and taprooms of Saint Archer from Molson Coors.
SweetWater Brewing parent company Tilray paid $5.1 million in cash and stock to acquire Green Flash Brewing and Alpine Beer Company last month, financial forms filed with the U.S. Securities and Exchange Commission showed. A purchase price of $5,133,000 for the San Diego-headquartered craft brands values their combined 2020 output of 34,000 barrels at $150.97… Read more »
The ownership of Utah’s Uinta Brewing has changed hands once again.
Cincinnati-based Rhinegeist Brewery announced today the forthcoming launch of RGBevs: a new line of malt-based, fruit-flavored alcoholic beverages. The company also revealed plans for a new hard tea brand, Geist Tea. Both new products are set to hit retailers with Rhinegeist’s full distribution footprint in early March.
Atlanta-based SweetWater Brewing has filed a lawsuit against an artist who claims he is owed $31 million for the use of the brewery’s rainbow trout logos, Law360 reported.
National wine and spirits distributor Republic National Distributing Company (RNDC) has acquired the independent Anheuser-Busch InBev (A-B) beer wholesaler White Mountain Beverage in Alaska. Meanwhile, Breakthru Beverage Group is set to acquire Missouri-based beverage alcohol distributor Major Brands, following an agreement announced Wednesday.
The effects of the pandemic on San Diego’s craft brewers were evident in the San Diego Brewers Guild’s (SDBG) 2021 economic impact report released last month, which showed beer production and economic output declines and employment cuts.
After announcing a partnership with Coca-Cola to launch spirits-based canned cocktail Fresca Mixed earlier today, Constellation Brands reported increases in shipments (+3.1%) and depletions (+8.4%) for its beer business in the third quarter of the company’s 2022 fiscal year. Constellation’s beer portfolio – which includes Mexican import brands Corona, Modelo and Pacifico – increased sales in Q3 FY 2022 (for the three months ending November 30, 2021) on top of difficult comps from elevated off-premise spending driven by the pandemic era fridge stocking in 2020.
Ball Corporation has postponed the implementation of its new minimum order quantities and warehousing policy until March 1 after conversations with the Brewers Association and Sen. Ron Wyden (D-OR). Then, the newly reunited Brewbound team discusses more headlines, including Topo Chico Ranch Water, Troy Aikman’s Eight Lager, and Pabst’s social media attention grab. Listen to… Read more »
