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.
8th Wonder Brewery, Distillery and Cannabis has been acquired by Bayou City Hemp Company, a Houston, Texas-headquartered cannabis company.
A pair of beer distributor surveys found that many in the middle tier believe that the conservative led boycott of Anheuser-Busch’s Bud Light brand may be permanent. Financial services firm Jefferies’ survey found that a majority (65%) of distributors surveyed expect the Bud Light downturn to last at least another six months, while 32% believe it could be permanent. A separate distributor survey by Goldman Sachs analyst Bonnie Herzog found that most respondents are “pessimistic about the potential for a full recovery” of Bud Light’s “brand equity and market share.”
Sir Ivan Menezes, who has guided bev-alc giant Diageo as CEO for nearly a decade, has died “following a brief illness,” the company announced today.
Sierra Nevada Brewing Co. CEO Jeff White has announced his retirement from the Chico, California-headquartered craft brewery. Brewery founder Ken Grossman will step in as interim CEO as a search for a new CEO begins.
After more than four years of leading Salt Lake City-headquartered Uinta Brewing Company, Jeremy Ragonese is stepping down as president, effective June 30. Noah Brown, Uinta’s VP of revenue, will assume the presidency, starting July 1.
E. & J. Gallo is continuing its acquisition streak with Bev, a Los Angeles-based canned wine and spritz brand.
Data Christmas continues, following the release of the Brewer Association’s (BA) annual production survey of U.S. craft breweries.
A Massachusetts Superior Court Judge on Friday granted Gopuff’s request for a preliminary injunction, blocking for now the Massachusetts Alcoholic Beverages Control Commission’s (ABCC) attempt to revoke the e-commerce retailer’s liquor license for allegedly selling and delivering alcoholic beverages to underage consumers in the Bay State.
The craft-on-craft deals continue to roll in. Baltimore, Maryland-based DuClaw Brewing Co. has been acquired by River Horse Brewing Co. in Ewing, New Jersey.
Josh Landan is leading a craft brewery again. Landan, who founded the now defunct Saint Archer Brewery in 2013 and sold it within two years to MillerCoors, is now the CEO of Great Frontier Holdings, the newly formed parent company of Ninkasi Brewing in Eugene, Oregon, and Wings & Arrow beyond beer offerings. Landan spoke with Brewbound about the merger, the combined company’s ambitions, potential future acquisitions and the contract brewing business.
In this latest installment of our quarterly 3 Up, 3 Down with 3 Tier Beverages, product team consultant Stephanie Roatis shares three insights on industry growth, including the continued dominance of Boston Beer’s Twisted Tea over the hard tea segment, as well as three underperforming areas across scan data, such as the loss of share of 4- and 6-packs to single-serves and 12-packs.
The Brewbound team, along with Brewbound Weekend Insider newsletter writer Sean McNulty, reviews the Brewers Association’s annual craft beer volume data. The team also discusses the latest craft brewery deals, including Funky Buddha and Appalachian Mountain Brewery returning to independent brewery status, and FX Matt buying the Flying Dog Brewery brand.
