The combination of two of New Jersey’s largest craft breweries is off. The transaction announced in April that would combine Cape May Brewing Company, the Garden State’s largest craft brewery, and Flying Fish, one of the oldest, is a no-go.
Tilray Brands, the parent company of SweetWater and Montauk, has launched Good Supply Easy Lager, a 4.2% ABV premium light lager.
The Consumer Price Index (CPI) for beer both at home (+6.1%) and away from home (+5%) outpaced overall inflation (+4%) once again in May 2023 compared to May 2022, before seasonal adjustment, according to the U.S. Bureau of Labor Statistics (BLS).
An assembly hearing is scheduled today in Wisconsin for a 156-page bill which would make more than 20 changes to the Badger State’s alcohol laws, including expanded retail allowances for breweries.
Lawson’s Finest Liquids has named Adeline Druart as the 15-year-old Vermont craft brewery’s second CEO. Lawson’s founders Sean and Karen Lawson made the hire public today, appointing Druart as the successor to Sean Lawson.
The Brewbound team breaks down the latest headlines, including Ken Grossman’s return to Sierra Nevada as interim CEO, Bayou City Hemp’s acquisition of 8th Wonder in Houston, and Wall Street analysts’ survey of distributors that paint a bleak picture for Bud Light.
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.
