Craft beer industry news.
After a disappointing Labor Day weekend, beverage-alcohol off-premise sales returned to the black for the week ending September 13, according to the latest weekly report from market research firm Circana.
Sparkling water, tea and alcohol-free beverage brand Hoplark’s parent company has filed for Chapter 7 bankruptcy liquidation and teased a “potential lawsuit against Brooklyn Brewery,” alleging the New York craft brewery violated a licensing agreement and its fiduciary duties.
Intoxicating hemp brand Pharos named Stephane Cantin as its new CFO and COO.
The hard tea legal battle between one of the fastest-growing bev-alc brands and the world’s largest beer manufacturer has come to an end.
Sazerac has signed a binding agreement to acquire Berentzen-Gruppe AG, the German schnapps producer it was reportedly pursuing last week. The deal gives Sazerac a different approach to add international volume than its failed Brown-Forman pursuit.
The scares are only beginning from Tilray’s Shock Top-Spirit Halloween collaboration, chief growth officer Prinz Pinakatt told Brewbound.
The start of the NFL season brought high-scoring games, but low on-premise bev-alc sales, according to the latest report from on-premise insights firm BeerBoard.
As the broader craft beer industry has weathered years of volume declines, Asheville, North Carolina-based Highland Brewing has simultaneously navigated two storms of its own (one literal), while also feeling the winds that have buffeted its brewing peers.
Look, I know beer’s only getting more expensive this decade – but when folks start stealing GUINNESS, we have a problem. Yes, it seems the great U.S. PBR heist has been topped in the U.K., as thieves made off with 800 BBL of GUINNESS this month, worth about $155k.
Check out news items initially reported in the Brewbound Insider Newsletter September 17-18, including headlines from Columbia, Firestone Walker, Garage Beer and others.
Nutrabolt’s C4 Energy is launching an electrifying twist on the non-alc alternative craze with All Hopped Up, a beer-flavored energy drink that the company says is “trading in the ‘buzz’ for an energy boost.”
Craft’s declines continued to accelerate through August and into early September, including Labor Day weekend, according to the latest monthly scans report from Chicago-based market research firm Circana.
Summit Brewing is working to find a path forward after its lender BMO Bank initiated a foreclosure action last week. The St. Paul, Minnesota-based craft brewery, on the verge of its 40th anniversary celebration next week, is pursuing “solutions that will allow us to obtain a new lender and fully activate our growth plan for the years to come,” CEO Brandon Bland shared with Brewbound.
The on-premise’s hot summer appears to have fizzled out, according to the latest report from market research firm NIQ.
