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.
Topo Chico’s fated move into hard spirits is coming in 2023, via Molson Coors. On the heels of the fast-growing Topo Chico Hard Seltzer brand, Molson Coors will launch a spirit-based version of Topo Chico in key markets, such as the southwest and southeast and parts of the Midwest.
Westbrook, Maine-based Mast Landing Brewing Co. will open a new tasting room in South Portland by the end of the year, the company announced last week.
Cannabis beverage producer Cann announced today it has acquired Toronto-based CBD drink maker Sweet Reason, marking the company’s first acquisition as it seeks to build out a platform for alcohol alternatives. Terms of the deal were not disclosed.
U.S. brewers shipped an estimated 14.6 million barrels of beer in August 2022, a 2.4% increase compared to August 2021, according to the Beer Institute (BI), citing domestic tax paid estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
In the third and final installment of this Brewbound Voices series, CODO Design explains the ‘Beverage Brand Architecture Continuum.’
New Orleans-based Urban South Brewery will acquire Pensacola, Florida-based hospitality brand Perfect Plain Brewing Co. for an undisclosed amount.
Hard seltzers ended the summer season down -5.5% year-to-date through September 10 in multi-outlet plus convenience channels, as the segment continues to battle tough comps of years past, financial services firm Jefferies reported, citing NielsenIQ data.
Colorado Brewers Guild executive director Shawnee Adelson and guild president Jason Ford will discuss the most pressing issues facing Colorado craft breweries next week during Brewbound’s Brew Talks event.
