Steve Fechheimer, who led New Belgium Brewing Company to unprecedented growth, will depart the company in August after six years to “explore new challenges.”
The wheeling and dealing between Classic Beverage and Scout Distribution continues in California. Classic Beverage of San Diego announced a deal on Friday to acquire Scout Distribution’s business in San Diego. Financial terms of the transaction were not disclosed, but the deal is expected to close by August 11, pending supplier approvals.
After an explosive few years, the ready-to-drink rise is showing signs of moderating but larger formats of pre-mixed cocktails may be an emerging growth opportunity, according to NIQ during the company’s C360 conference yesterday.
As the summer selling season takes hold, Dogfish Head is releasing a trio of offerings in its strongest markets, including one that will stick around year-round. Co-founder Sam Calagione shared details of Dogfish Head’s solo releases with Brewbound, joined by Talea Beer Co. founders LeAnn Darland and Tara Hankinson to discuss the second year of the trio’s ongoing bodega-inspired collaboration.
An estimated 15.9 million barrels of beer and malt products were shipped to wholesalers in April, a -4.5% decline (or -741,163 barrels of beer) versus April 2022, Beer Institute (BI) VP of research Danelle Kosmal reported in the trade group’s monthly economic report.
“Flavor” is one of the trendiest words in beverage-alcohol right now, with producers across beer, wine and spirits boasting “flavor-forward” innovations.
Funky Buddha Brewery co-founder Ryan Sentz discusses what it’s like to buy back the business he and his brother KC sold to Constellation Brands in 2017. Buying back the brewery has been a several-years-in-the-making process, Sentz shares.
Global beverage alcohol is projected to deliver over $21.6 billion to the global economy by the end of 2023, with premium plus segments and no/low alcohol representing bright spots, according to a report from the IWSR Drinks Market Analysis released today.
8th Wonder Brewery, Distillery and Cannabis has been acquired by Bayou City Hemp Company, a Houston, Texas-headquartered cannabis company.
A pair of beer distributor surveys found that many in the middle tier believe that the conservative led boycott of Anheuser-Busch’s Bud Light brand may be permanent. Financial services firm Jefferies’ survey found that a majority (65%) of distributors surveyed expect the Bud Light downturn to last at least another six months, while 32% believe it could be permanent. A separate distributor survey by Goldman Sachs analyst Bonnie Herzog found that most respondents are “pessimistic about the potential for a full recovery” of Bud Light’s “brand equity and market share.”
Sir Ivan Menezes, who has guided bev-alc giant Diageo as CEO for nearly a decade, has died “following a brief illness,” the company announced today.
Sierra Nevada Brewing Co. CEO Jeff White has announced his retirement from the Chico, California-headquartered craft brewery. Brewery founder Ken Grossman will step in as interim CEO as a search for a new CEO begins.
After more than four years of leading Salt Lake City-headquartered Uinta Brewing Company, Jeremy Ragonese is stepping down as president, effective June 30. Noah Brown, Uinta’s VP of revenue, will assume the presidency, starting July 1.
E. & J. Gallo is continuing its acquisition streak with Bev, a Los Angeles-based canned wine and spritz brand.
