BrewDog Forms JV with Asahi, Prepares for IPO
BrewDog has formed an international joint venture with Japan’s Asahi as the Scottish craft brewer prepares to go public, the Financial Times reported earlier this week.
BrewDog has formed an international joint venture with Japan’s Asahi as the Scottish craft brewer prepares to go public, the Financial Times reported earlier this week.
Boston Beer Company’s innovation pipeline continues to pump out new brands as the fall approaches, announcing today a planned nationwide launch in November of Bevy Long Drink, a sparkling refresher inspired by a traditional Finnish cocktail that consists of gin, grapefruit soda, and tonic. However, Boston’s version of the beverage, checking in at 5.8% ABV, won’t contain spirits.
The ready-to-drink canned cocktail segment continued to grow over the Labor Day holiday weekend increasing its share of the liquor category from 4% to 7% year-over-year (YOY) on the e-commerce alcohol delivery platform Drizly.
The legal battle between Jack’s Abby Craft Lagers and Atlantic Beverage Distributors has crossed state lines into Rhode Island. Atlantic Importing and Distributing of Rhode Island, Inc., the Ocean State sister company of the Holliston, Massachusetts-based distributor, filed a lawsuit against Jack’s Abby in Rhode Island’s Providence/Bristol County Superior Court on July 23 to prevent the brewery from terminating Atlantic as its Rhode Island wholesaler. The Framingham, Massachusetts-based craft brewery had successfully ended its relationship with Atlantic’s Massachusetts operation in January.
Contract brewer Community Brewing Ventures (CBV) has acquired the intellectual property of Charlotte, North Carolina’s Unknown Brewing Company, and will continue production of its beer brands.
Anheuser-Busch InBev is reshuffling its commercial leadership team in the U.S. on the heels of the July promotion of Brendan Whitworth as North American Zone and U.S. CEO.
Boston Beer Company (BBC) has agreed to a five-year, $3.42 million deal with Peak Processing Solutions, a licensed developer, manufacturer, and distributor of recreational and medical cannabis products in Canada.
The rise in COVID-19 cases driven by the highly contagious Delta variant has only deterred 15% of consumers from visiting on-premise establishments less frequently, market research firm CGA found.
Anheuser-Busch InBev has filed a pair of lawsuits this week, including one accusing the company’s Texas-based energy supplier of price gouging during Winter Storm Uri in February. Symmetry Energy Solutions, which supplies natural gas to A-B’s brewery and glass manufacturing plant in Houston, billed the world’s largest beer manufacturer $4.85 million for its energy use in February 2021, due to Texas’ spot energy market.
Left Hand Brewing has added three directors to its board, including former Brewers Association (BA) craft beer program director Julia Herz, the brewery announced today. Herz along with Connect for Health Colorado CEO Kevin Patterson and attorney Anton V. Dworak will join the board of the Longmont, Colorado-headquartered craft brewery. For Left Hand, the restructuring of its board of directors “deepens and diversifies fields of experience in the brewery’s advisory team, strengthens community ties, and increases stock value for current employee-owners and shareholders,” the brewery said in a press release.
Can the hard seltzer segment outsmart the seasonal slump it typically goes through every fall? Two-thirds of the Brewbound team discuss in the newest episode of the Brewbound Podcast.
Drizly, the Boston-based alcohol e-commerce platform, announced its expansion throughout Portland and Eugene, Oregon, Monday with the addition of 17 new partnership locations.
Despite recent slowdowns in hard seltzer sales trends, Boston Beer chief marketing officer Lesya Lysyj remains confident that the bubbly beverage and Truly Hard Seltzer are not going anywhere. “The category has become a mega category, and the growth is not done yet,” she told Brewbound.
The volume compound annual growth rate (CAGR) for premium and above-premium vodka in the US market has steadily decreased since 2015, dropping -3.1% from 2015 to 2019, and -3.5% in 2020 alone, according to the market research firm IWSR Drinks Market Analysis.