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State of Craft M&A: ‘Cashless’ Deals, ‘Bespoke’ Arrangements

State of Craft M&A: ‘Cashless’ Deals, ‘Bespoke’ Arrangements

Craft brewery owners dreaming of selling their businesses in multi-million dollar deals are doing just that – dreaming, industry leaders said last week during a panel discussion about exiting the business at the Mass Brewers Guild annual conference.

Intoxicating Hemp Bevs Face Axe Under Fed Funding Proposal

Intoxicating Hemp Bevs Face Axe Under Fed Funding Proposal

Intoxicating hemp beverages could be sacrificed in a deal to reopen the federal government. As political factions in Washington, D.C., spar over how to end the longest-ever federal government shutdown in U.S. history, legislators – led by Sen. Mitch McConnell (R-KY) and Rep. Andy Harris (R-MD) – are attempting to use the situation to shape the future of hemp and intoxicating THC products and restrict the market created by the 2018 Farm Bill.

Diageo Names New CEO

Diageo Names New CEO

Diageo has tapped Sir Dave Lewis to lead the Guinness parent into its next chapter, ending a months-long search following former CEO Debra Crew’s departure in July.

NIQ: 36% Consumers Won’t Buy Alcohol For Thanksgiving

NIQ: 36% Consumers Won’t Buy Alcohol For Thanksgiving

Beverage-alcohol “is on the chopping block” for consumers this Thanksgiving, with more than a third of consumers planning to not purchase alcoholic beverages at all, according to market research firm NIQ.