Earlier this month, the financial services company UBS downgraded Boston Beer Company stock to a “sell” rating. A 19-page report cited slowing topline growth and an absence of new product innovation as the main considerations behind the new rating. UBS analyst Kaumil Gajrawala explains to Bloomberg why Boston Beer suffers from the ‘innovators curse’ in… Read more »
The folks behind Pintley – the online beer community and mobile app for consumers and brewers — have launched a new, local beer collaboration project called ONCEMADE. Founders Tim Noetzel and Rich DiTieri were searching for a way to get more involved with the brewing process and wanted to create something in their local Massachusetts… Read more »
Earlier this month, Dogfish Head announced that the popular Indian Brown Ale would be going year-round in five new states — California, Arizona, Washington, Oregon and Colorado — marking the first time since the company pulled back distribution in 2011 that a year-round offering was released to new markets.
In April, an exploding plastic keg that killed a Redhook Brewery employee sent shockwaves through the brewing industry. On April 24th, twenty-six-year-old Ben Harris was pressurizing a keg as part of a cleaning process when it exploded. Harris, who worked at Redhook Brewery’s Portsmouth Brewery location, died shortly thereafter at nearby Portsmouth Regional Hospital.
The Austin, Texas-based Jester King Craft Brewery today announced plans to periodically send limited supply of its beer to a number of new out-of-state markets. The Belchertown, Mass.-based Shelton Brothers Importers acted as the brewery’s “master distributor” for the most recent shipment.
Earlier this month, The Lost Abbey co-founder Tomme Arthur, quality assurance manager Gwen Conley and multimedia manager Ryan Tillotson flew from San Diego, Calif. to Washington D.C. to crash a private beer tasting. Tillotson created the alias Chris Molken on beeradvocate.com, and asked if some Lost Abbey fans would be kind enough to let him… Read more »
Firestone Walker Brewing Company announced yesterday that it will sell its Nectar Ales brand of beers to Total Beverage Solution (TBS), a beer, wine and spirits company based in Mt. Pleasant, South Carolina. “It’s a great brand and has a great lineage,” said Firestone Walker Brewing co-proprietor Adam Firestone. “We weren’t giving Nectar Ales the… Read more »
The Portsmouth Brewery today announced that longtime head brewer and creator of the internationally recognized Kate The Great Russian Imperial Stout – Tod Mott – will be stepping down, effective July 19th. Company spokesperson J.T. Thompson told Brewbound.com that Mott has not confirmed details of his next endeavor, but has not ruled out the possibility… Read more »
Video footage from last month’s Brewbound Craft Beer Session is now available on BeverageSchool.com, BevNET.com’s on-demand, video-based learning tool for especially designed for newcomers to the beverage industry. In June, industry experts gathered at the Brewbound Session in New York to discuss a myriad of topics that directly impact the business of craft brewers.
Yet another craft brewer has announced plans to expand with a second location. The Boulder, Colo. based Upslope Brewing is adding a secondary brewing facility just 6 miles from its current location on Lee Hill Road. “It’s a real upbeat part of town,” said company founder Matt Cutter.
The Longmont, Colo. based craft brewer Oskar Blues inked a distribution agreement today with Windy City Distribution, the Warrenville, Ill. based craft-centric wholesaler which already distributes other Colorado brands like Avery Brewing Company, Ska Brewing Company, Boulder Beer, Left Hand Brewing Co. and Great Divide Brewing Company.
UBS, the financial services company headquartered in Switzerland, has downgraded Boston Beer Company to ‘sell’ from ‘neutral. The 19-page report cites slowing topline growth and an absence of new product innovation as the main considerations behind the new rating.
As craft beer continues to mature and becomes more available in conventional retail channels, promotional periods like the Fourth of July are becoming increasingly important. Boston Beer Company saw nearly 3 percent of its Symphony IRI tracked U.S. supermarket sales occur during the July 4th week last year. Longmont, Colo. based craft brewer Oskar Blues… Read more »
Anheuser-Busch InBev, the world’s largest brewer, will acquire Mexico’s biggest beer company, Grupo Modelo, in a deal valued at $20.1 billion. It’s the second biggest beer deal since the Belgium-based InBev acquired Anheuser-Busch for $52 billion back in 2008.
