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Original Owners to Reacquire Funky Buddha, Four Corners As Constellation Brands Exits Craft

Original Owners to Reacquire Funky Buddha, Four Corners As Constellation Brands Exits Craft

Constellation Brands is exiting the craft beer business. Constellation, which has found success with Mexican import brands Modelo, Corona and Pacifico, said it will divest of its craft and specialty division to refocus its efforts on its core brands. As such, Funky Buddha Brewery in Florida and Four Corners Brewing Co. in Texas will return to their respective original founders.

Memorial Day Weekend Data Dive: 70% of Bev-Alc Shoppers to Buy Beer, per Numerator; Beer Purchaser’s Index Expands; Latest CGA On-Premise Report

Memorial Day Weekend Data Dive: 70% of Bev-Alc Shoppers to Buy Beer, per Numerator; Beer Purchaser’s Index Expands; Latest CGA On-Premise Report

More than two-thirds (70%) of consumers planning to buy alcohol during Memorial Day weekend will buy beer, according to a survey conducted by market research firm Numerator. Total beer category ordering returned to growth in May after declining in April, according to this month’s Beer Purchasers’ Index (BPI) shared by the National Beer Wholesalers Association (NBWA).

New York’s Torch & Crown Adds New Summer Outposts; Targets 10,000 Barrels

New York’s Torch & Crown Adds New Summer Outposts; Targets 10,000 Barrels

Fans of Manhattan-based Torch & Crown Brewing have two new places to drink Almost Famous IPA and Tenement Pilsner, whether they’re spending summer in the city or at the beach. Torch & Crown has kicked off seasonal residences at Union Square Pavilion in Union Square Park and at Dive Bar Pizza on the easternmost point of Long Island.

Spirits-Based RTDs May Soon Be More Accessible in California

Spirits-Based RTDs May Soon Be More Accessible in California

Legislation to expand sales of spirit-based ready-to-drink (RTD) cocktails in California is moving forward today, after the state Senate unanimously passed a bill allowing those products to be sold in grocery and convenience stores.

Brewbound Podcast: Bronya Shillo on Selling Fishers Island Lemonade to Spirit of Gallo

Brewbound Podcast: Bronya Shillo on Selling Fishers Island Lemonade to Spirit of Gallo

Fishers Island Lemonade founder Bronya Shillo shares why she sold the nearly decade-old brand to Spirit of Gallo, the spirits division of E. & J. Gallo. The show turns into an unofficial M&A episode as the Brewbound team discusses FX Matt’s planned acquisition of Flying Dog Brewery, and the founders of Appalachian Mountain Brewery buying back the North Carolina craft brewery from Anheuser-Busch InBev.

FX Matt and Flying Dog Leaders Discuss Sale Process, Future Opportunities

FX Matt and Flying Dog Leaders Discuss Sale Process, Future Opportunities

FX Matt Brewing Company and Flying Dog Brewery announced a deal Monday in which the New York legacy brand would acquire the Frederick, Maryland-based craft brewery and transfer all production to Utica, New York, later this summer. FX Matt CEO Fred Matt and new Flying Dog president Ben Savage shared details of the deal, the challenges Flying Dog has faced in the past and the opportunities ahead.