Fewer displays in beverage-alcohol, notably in premixed cocktails, beer and cider, should be considered a warning sign for suppliers, according to a new report from Circana. The market research firm’s “State of the CPG Beverage Alcohol Industry” report explores factors driving demand and identifies key growth opportunities in the bev-alc market.
Tilray’s August 2023 acquisition of eight craft brands from Anheuser-Busch InBev (A-B) has boosted the Canadian cannabis company’s beverage-alcohol net revenue +165% year-over-year (YoY), it reported today.
Craft beer dollar sales declined -1.2% year-over-year (YoY) in Circana-tracked off-premise channels (total U.S. multi-outlet + convenience) in the four-week period ending March 24, according to the market research firm’s monthly report.
Anheuser-Busch InBev (A-B) and Tilray Brands are being sued in federal court by CraftCanTravel LLC (CCT) for allegedly interfering with the New York-based export company’s exclusive rights to export the former Craft Brew Alliance (CBA) portfolio of brands, including Kona Brewing, “to most of the world.”
An estimated 11.9 million barrels of beer were shipped in February, a +7.9% increase year-over-year (YoY), marking the “strongest monthly growth in almost three years, since May 2021,” Beer Institute (BI) chief economist Andrew Heritage wrote in the trade group’s latest round of economic reports, citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Adult non-alc retailer Boisson will be restructuring the company under chapter 11 bankruptcy protection, citing financial challenges amidst an “overly aggressive expansion plan” and the “inefficient deployment of capital.”
Employees at Minneapolis-based Indeed Brewing have agreed to organize with Unite Here Local 17 and brewery management has voluntarily recognized the union.
Eight industry members are the latest to be awarded scholarships from the Michael James Jackson Foundation for Brewing and Distilling (MJF), a foundation meant to further the careers of Black, Indigenous and people of color in the brewing and distilling industries.
In the latest installment of Brewbound’s A Round With – a weekly Insider-exclusive Q&A series with industry leaders – Rabobank analyst Bourcard Nesin tells us all about the future of e-commerce alcohol sales, changing drinker demographics and being a dad.
Nearly one-quarter (23%) of women surveyed cited a poor perception of the alcoholic beverage industry as a reason not to apply for a job in the business, according to Heineken USA’s “Behind the Label” report.
The beer industry’s 2023 performance was dragged down by two anchors: The continued decline of the once-meteoric hard seltzer segment and Bud Light’s calamitous losses in the face of a conservative-led boycott, Beer Marketer’s Insights senior editor Christopher Shepard said in his keynote address to the California Craft Beer Summit.
BevPort, a self-described three-tier compliant digital distribution portal, launched in Florida earlier this year. Co-founder Phil Guana joins the Brewbound Podcast to explain how BevPort works, its focus on helping “the little guy” gain market access in the Sunshine State and the partnerships the startup has in the market.
Leading adult non-alc (NA) retailer Boisson is shuttering its retail outlets and “restructuring,” according to the founder of one NA brand that was informed of the news by a former Boisson employee.
Placentia, California-based The Bruery plans to open an outpost later this year in Meridian, Idaho, CEO Barry Holmes shared. The Idaho tasting room is expected to open by fall 2024.
