Bang Initiates Mass Layoffs in Florida

Bang Initiates Mass Layoffs in Florida

Bang Energy’s parent company Vital Pharmaceuticals (VPX) has initiated mass layoffs in preparation for its anticipated acquisition by Monster Beverage Corp., according to an internal memo viewed by BevNET.

Brewbound Podcast: Who is the Craft Beer Drinker in 2023?

Brewbound Podcast: Who is the Craft Beer Drinker in 2023?

The Brewbound team gives a quick overview of the Brewers Association and Harris Poll’s latest craft beer consumer survey and plucks out a few key takeaways. Plus, Justin and Zoe dish on a Lagunitas defection to Firestone Walker, decry Friday news dumps, and play Another Round or Tabbing Out on Bud Light’s latest media blitz.

Source: FTC Ends Review, Clearing Path for Monster’s Bang Acquisition

Source: FTC Ends Review, Clearing Path for Monster’s Bang Acquisition

The Federal Trade Commission (FTC) on Friday terminated its review period for Monster’s proposed acquisition of Vital Pharmaceuticals, the parent company of Bang Energy, clearing the way for the transaction to be completed later this month, according to an internal communication viewed by BevNET.

Constellation Brands Q1 Beer Shipments +7.5%, Depletions +5.5%

Constellation Brands Q1 Beer Shipments +7.5%, Depletions +5.5%

Constellation Brands posted solid shipments and depletions growth in its first quarter of fiscal year 2024. Beer shipments increased +7.5% year-over-year (YoY), to 107 million case equivalents, while depletions increased +5.5%.

Low-Alc Haus Relaunches Under New Ownership

Low-Alc Haus Relaunches Under New Ownership

Sometimes it’s better to be right than to be early. Before the no/low alcohol category grew into a $11 billion business, Haus, a low-ABV Sonoma-based aperitif brand launched to much buzz in 2019.

Monster Reaches Agreement to Acquire Bang

Monster Reaches Agreement to Acquire Bang

Monster Beverage Corp. has been revealed as the winning bidder for Vital Pharmaceuticals, maker of Bang Energy, per court documents filed Wednesday in the U.S. District Bankruptcy Court in Florida. However, a pending U.S. Federal Trade Commission investigation could derail the deal by tomorrow.

Artisanal Brewing Ventures Trending Up as Summer Begins

Artisanal Brewing Ventures Trending Up as Summer Begins

Artisanal Brewing Ventures’ key brands are trending up as summer begins. Year-to-date through June 4, the craft brewery platform’s off-premise sales (+13.1%) are outpacing the beer category (+3.8%) and the craft segment (-1.4%), CEO John Coleman shared, citing data from market research firm Circana.

Brewbound Podcast: A Collab Beer to Rebuild Ukraine

Brewbound Podcast: A Collab Beer to Rebuild Ukraine

Wisconsin Brewing’s Paul Verdu and Move Ukraine’s Ken Shearer join the Brewbound Podcast to discuss the Move Ukraine collaboration beer project aimed at helping rebuild Ukraine.