Firestone Walker Brewing Company is sailing into 2022 “with the wind at our back,” co-founder David Walker said in an intro video to the company’s annual business plan presentation, streamed virtually to distributor and retailer partners late last month. Current projections place the Paso Robles, California-headquartered craft brewery finishing 2021 up about +20%, Walker said, despite the continued challenges of the pandemic.
On-Premise Update: Seasonal Trends Mirror 2019, CGA Says; Volume, Rate of Sale Continue to Growth, Via BeerBoard
After a decade of operations, Due South Brewing Co. in Boynton Beach, Florida, will permanently close its taproom December 19 and cease distribution of its offerings later this year.
The near future for Sierra Nevada will see the Chico, California craft brewery launch an upscale “lifestyle” hard tea brand and once again line extend the Little Thing family with a wheat beer.
The parent company of Oyster City Brewing Company has signed a purchase agreement to acquire the assets of Catawba Valley Brewing Company. Made by the Water, a portfolio company of family office Wiregrass Equity Partners, which owns Oyster City, will acquire the assets of Catawba Valley, including Catawba Brewing in North Carolina, Palmetto Brewing in South Carolina, the Twisp Southern Hard Seltzer brand that launched in 2019.
Neighbors of Tree House Brewing Company’s Cape Cod taproom and the company have reached an agreement about on-site operations, according to a report in the Cape Cod Times.
New Glarus Brewing co-founder and president Deb Carey has filed a lawsuit against the law firm that sued her in August on behalf of three minority investors, as well as several unnamed media outlets that ran a press release provided by the firm.
After an eventful National Beer Wholesalers Association annual convention in Las Vegas, the Brewbound team debriefs on all of the middle tier issues discussed over the last week.
Executives of the global cannabis firm Tilray were optimistic about the company’s growth regardless of federal legalization in the U.S., during Tilray’s first quarter 2022 earnings call Thursday.
After two years of elevated focus on social and racial justice issues, ownership within the craft beer industry remains nearly monolithically white, according to a new demographic benchmarking report from the Brewers Association (BA). Brewery owners are 93.5% white, and 92.2% of breweries have entirely white ownership, according to the survey of 500 randomly selected breweries.
Constellation Brands executives addressed hard seltzer’s slowing sales during the company’s second quarter 2022 earnings call today, and assured investors and analysts that the success of its core beer brands would still drive growth. Here are some of the highlights of the discussion: Company Not Reliant on Hard Seltzer Constellation president and CEO Bill Newlands… Read more »
Reyes Beer Division CEO Tom Day challenged the notion that competition in California’s beer market has suffered due to his company’s expansion efforts in the Golden State, according to a letter from the leader of the United States’ largest beer wholesaler to the U.S. Department of the Treasury.
Constellation Brands’ beer business increased both shipments (+11.7%) and depletions (+7.3%) during the second quarter of its 2022 fiscal year, the company reported Wednesday.
PepsiCo CEO Ramon Laguarta emphasized that the soft drink maker has “been investing a lot in R&D” and believes its “pipeline is strong” during Tuesday’s third quarter call with investors and analysts.
