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.

Global spirits conglomerate Diageo has acquired premium cold brew coffee liqueur brand Mr Black, in which it previously held a minority stake, the company announced today. Terms of the deal were not disclosed.

Bell’s Brewery executive vice president Carrie Yunker will keynote the 2022 Brewbound Live business conference in Santa Monica, California, on November 29.

The Great American Beer Festival returns October 6-8 in Denver for the first time since 2019. Brewers Association president and CEO Bob Pease discusses his expectations for the trade group’s biggest consumer-facing event, how the experience is different in 2022, the year in craft beer so far, supply chain headaches, and much more.