The Reyes Beer Division continues to wheel and deal. Just one day after revealing a 16 million case deal for Capitol Wright Distributing in Austin, Texas, the largest beer wholesaler in the U.S. announced today an agreement to acquire Paradise Beverage in Hawaii, the company’s 12th market. The transaction is slated to close in early December.
Beer at on-premise establishments cost consumers an average of +6% more in the last 12 weeks (through August 20) versus the same period in 2021, according to the market research firm CGA.
Ahead of several industry gatherings in the Windy City, Chicago Brewseum executive director Liz Garibay discusses the importance of preserving beer and bar history and how the stories in those spaces are really oral histories of neighborhoods and cities.
Cincinnati-headquartered Rhinegeist Brewery has hired former Stone Brewing VP of sales Adam Bankovich as its chief commercial officer (CCO).
California Gov. Gavin Newsom signed a myriad of bills Friday before the end of the 2021-2022 legislative sessions, including an update to two laws that give more flexibility to craft brewers in the state by expanding the number of satellite taprooms and allowing distribution of their own products to retail locations nearby.
The Reyes Beer Division will enter Texas, its 11th market, with the acquisition of Capitol Wright Distributing LLC. Financial terms were not disclosed but the transaction is expected to close in December.
As Molson Coors sales chief Kevin Doyle prepares to retire after nearly 40 years, the company has promoted two sales executives as part of its succession planning. Chief commercial solutions officer Jeff Long will be promoted to chief customer officer, a role that incoming U.S. president of sales and distributor operations Brian Fiero will vacate upon Doyle’s retirement at the end of the year.
Less than a year after raising $75 million from Science Ventures and Live Nation, Liquid Death has (almost) done it again. The canned water company today announced the closing of a $70 million Series D round, led by Science and with participation from Live Nation, that puts the company at over $195 million raised to date and at a valuation north of $700 million.
New Belgium’s Voodoo Ranger Juice Force is the No. 1 craft beer launch ever, New Belgium CEO Steve Fechheimer shared during a recent update following the company’s wholesaler meetings. Along with Voodoo Ranger, New Belgium’s core four for 2023 includes Fat Tire, Bell’s Two Hearted Ale and Oberon.
PepsiCo and FIFCO USA have struck a licensing agreement to allow the latter to produce a hard iced tea using the Lipton brand, which will roll out next year through Pepsi’s Blue Cloud Distribution.
As residents of southwest Florida begin to grapple with the effects of Hurricane Ian, Clearwater-based Big Storm Brewing will fill water jugs and open some of its taprooms as supply drop-off points for people in need.
A jury sided with Monster Energy Co. in its false advertising lawsuit against Bang producer Vital Pharmaceuticals (VPX) in California federal court this week, awarding the company nearly $293 million in damages.
The amount of beer at risk of expiring in the next 30 days in wholesalers’ warehouses has declined compared to both last month and September 2021, according to the National Beer Wholesalers Association’s (NBWA) September edition of the Beer Purchasers’ Index (BPI).
Dogfish Head’s canned cocktails are gaining traction in the fast-growing spirits-based, ready-to-drink (RTD) canned cocktail market. Dollar sales of the Dogfish Head brand family (+92.3%) are outpacing the overall segment (+56.5%), according to NielsenIQ total U.S. all off-premise data, shared by Bump Williams Consulting.
