The beverage alcohol division of Canadian cannabis giant Tilray grew revenue +117%, to $46.5 million, in the second quarter of the company’s fiscal year compared to the same quarter last year, the company reported Tuesday. However, the division’s gross margin declined -13% year-over-year (YoY), to 34%, in the quarter, driven by Tilray’s acquisition of eight… Read more »
In the midst of Dry January, leading non-alc (NA) retailer Boisson has announced it is shifting its model to expand its wholesale business.
For the second time, New Jersey craft breweries are a signature away from having a stringent set of restrictions on their taproom operations removed.
Both houses of the state Legislature passed Senate Bill 4265 and Assembly Bill 5912, which would allow craft breweries to host “an unlimited number of on-premises special events and private parties.”
Longtime Allagash Brewing sales director Naomi Neville will depart the Portland, Maine-headquartered craft brewery in early February after more than 14 years. With Neville’s impending exit, Allagash has promoted Josh Fruchtman to sales director.
A look back at last week’s top stories … with gifs.
Constellation Brands has raised its full-year operating income guidance for its beer brands to +7% to +8% (previously +6% to +7%), following another quarter of shipments and depletions growth, the company reported today in its Q3 earnings results.
Japanese brewing giant Asahi announced it has struck a deal to acquire Waunakee, Wisconsin-based contract brewer Octopi Brewing.
Matagrano, an independent South San Francisco-based Anheuser-Busch distributor, has inked a deal to acquire Bottomley Distributing, which services Silicon Valley and the South Bay Area.
We checked in with a data analyst, consultant and major retailer buyer on the drivers they are watching in 2024, including what investors will be looking for, where there might be white space in hot categories, and how retailers are making buying decisions.
The “misalignment” of growth strategies across the supplier, wholesaler and retailer tiers will continue to be a problem for bev-alc in 2024, according to Bump Williams in the first Bump Williams Consulting (BWC) Monthly Industry Update of the year.
Martignetti Companies has closed on its acquisition of Quality Beverage, according to a press release. Financial terms of the deal, which was announced in April 2023, were not disclosed.
Fellow beer industry journalists Kate Bernot and Christopher Shepard join the Brewbound Podcast to recall the bev-alc/non-alc crossover brand madness of 2023, craft beer’s stormy seas and a potentially grim outlook for draft beer sales.
Landing in a wholesaler’s warehouse is a big win for a supplier, but it’s often just the first step in a journey that ultimately ends in a consumer’s fridge. Stone Distributing general manager Brian Fried, Breakthru Beverage California director of beer Sinead Carey and Tryon Distributing director of beer Elledge Davis shared the questions and tasks suppliers need to ask and accomplish along the way during the Brewbound Live business conference last month in Marina del Rey, California.
From the continued rise of the espresso martini to savory cocktails, 2023 was a year of bold flavors at the bar, so what’s in store for 2024? We polled experts in spirits, flavor innovation and mocktails about what trends are on tap for cocktails and ready-to-drink versions.
