In this issue: Gallo Makes âStrategic Investmentâ in Montucky; Waterbird Acquired by Gallo in April; Jim Koch: Boston Beer’s Credibility Problem; Timnath Beerwerks to Acquire Snowbank; Jefferies: Boston Beer a âBuy’; and Loverboy Available Nationwide with Walmart.
Florida-headquartered Sunkey Beverage Holdings has reached an agreement to acquire Texas-based Silver Eagle Beverages, an independent Anheuser-Busch InBev (A-B) wholesaler.
The Consumer Price Index (CPI) for beer at home increased +3% year-over-year (YoY) in April, marking the sixth-consecutive month the measure has remained at or below +3%, before seasonal adjustment, according to the U.S. Bureau of Labor Statistics (BLS).
Gallo is getting into the beer business via a strategic investment in Montucky Cold Snacks. The wine and spirits conglomerate that found success in recent years with spirit-based seltzer brand High Noon Sun Sips announced a partnership with the founders of the light lager brand.
Boston Beer Company emerged with a âbuyâ rating following the results of financial services firm Jefferiesâ 11th bi-annual beer distributor survey. Jefferies equity analyst Kaumil Gajrawala cited Twisted Teaâs dominance of the flavored malt beverage (FMB) segment, and the âstabilizationâ of Truly Hard Seltzer trends leading to less volatility, among the reasons for the improved rating.
Boston Beer Company founder and board chairman Jim Koch was brutally honest about some of the companyâs past failings in a fireside chat with Goldman Sachs analyst Bonnie Herzog today during the investment firmâs Global Staples Forum.
Hella Cocktail Co., known for its bitters and mixers, is making a foray into bev-alc with a ready-to-drink (RTD) line debuting this week, Hella Margaritas.
Vintage Wine Estates (VWE) has concluded another round of layoffs, the fourth time the company has done so in the past 14 months.
Our latest distribution roundup finds Berczy getting in on the hard tea race in the Northeast and Woody Harrelsonâs spirits heading into Massachusetts, while prepared cocktails Tequio and DIO sign deals with new distributors as they go deep in California and New York respectively.
The future of Foxtrot is once again in question after assets belonging to the shuttered grocery chain were acquired today by Further Point Enterprises via auction for $2.2 million, according to a report from Crainâs Chicago Business.
Sierra Nevada VP of sales Ellie Preslar has been promoted to chief commercial officer of the California-based craft brewery. Preslar fills the position left vacant by the retirement of Joe Whitney in October, after 17 years at Sierra Nevada.
Harley-Davidson is rolling into the non-alcoholic (NA) beer segment via a licensing deal with Wisconsin Brewing Company. Road King American Pils is rolling out now throughout the Badger State in 16 oz. can 4-packs.
While it may be all the rage to give shout-outs to Applebeeâs in songs these days, there are apparently more than 500 songs out there with lyrical references to good âol BUD (maybe not so much with BUD LIGHT in 2024, at least in a certain genre of music).
If Tip Top Proper Cocktails had the resources, it wouldâve released 11 new styles of canned cocktails this year. While they settled for about half that amount, the team still argues that constant innovation is what makes their brand the most in touch with cocktail cultureâand helps a small company like theirs carve out a distinct position in a saturated category.
