Longtime beer industry veteran Simon Thorpe has been tapped to lead the North American craft beer division of Kirin Holdings-owned and Australia-based Lion Pty Limited, announced today. The former Pabst Brewing CEO will serve as the managing director of Lion’s mostly undeveloped U.S. craft business.
Red Bull North America this week announced it would terminate distribution contracts with three Massachusetts beer and non-alcoholic beverage wholesalers in June, as it transitions to a self-distribution model for off-premise accounts. The energy drink maker also announced it would transfer its on-premise business to wine and spirits distributor Martignetti Companies.
Rumors of financial troubles, layoffs and a possible bankruptcy filing have swirled around the Celis Brewery in Austin, Texas, for the better part of 2019, and more information about the company’s future could be revealed in the coming days. A new investor group led by a beer industry outsider is reportedly considering a deal to acquire the distressed brewery, Brewbound has learned.
Attendees of the 2019 Craft Brewers Conference, held last month in Denver, Colorado, explain how they are standing out in a crowded environment and overcoming challenges in the marketplace.
In episode 34 of the Brewbound Podcast, Ridge shares his vision for the Legacy Breweries platform and explains some of the transaction options that are available to brewery owners. He also discusses how the proliferation of smaller craft breweries is impacting regional breweries, Ninkasi’s new hard seltzer offering, and how he sees the better-for-you alcohol space developing.
Canada’s oldest and largest independent brewery is getting into the cannabis business. Moosehead Breweries Limited and Sproutly Canada, which aims to become the leading supplier of water-soluble cannabis solutions, yesterday announced their intent to form an exclusive joint venture that will develop, produce and market cannabis-infused beverages.
Worldwide sales of Molson Coors offerings in the first quarter declined 1.2 percent, to $2.3 billion, the company reported today. Molson Coors reported a 4.7 percent decline in worldwide brand volumes, to 18.2 million hectoliters. Nevertheless, the company’s net sales per hectoliter increased 2.3 percent through March 31.
A growing number of U.S. craft breweries are not locking in long-term hops contracts and that leaves those companies vulnerable as supply tightens, according to industry trade group the Brewers Association (BA), which surveyed 250 members to gain insight into how beer makers are managing one of the industry’s most important raw materials.
Longtime New Belgium Brewing spokesman Bryan Simpson will depart the company on May 10, Brewbound has learned. Leah Pilcer-Pitman, who most recently served as New Belgium’s director of retail development and strategy, will supplant Simpson as director of communications.
In the latest edition of Press Clips: The Boston Globe outlines the turmoil within the Craft Beer Cellar franchise; Texas beer-to-go sales amendment passes the House; Arcadia founder transfers brewery property ownership to its bank; and Anheuser-Busch responds to MillerCoors’ corn syrup lawsuit.
For the third consecutive year, Pennsylvania produced more craft beer than any other state in the nation, Brewers Association chief economist Bart Watson shared during the Brewers of Pennsylvania’s annual Meeting of the Malts gathering in Hershey, Pennsylvania.
Boston Beer Company’s first-quarter shipments increased 32.5 percent, to a record 1.1 million barrels, in an effort to supply its wholesalers with about six weeks of Truly Hard Seltzer ahead of the summer selling season.
Craft Brew Alliance (CBA) has agreed to settle a years-long class action lawsuit over alleged “false and deceptive advertising” of its Kona Brewing beer brand. In an SEC filing, the publicly traded Portland, Oregon-based craft beer company said it expects to incur costs of about $4.7 million to settle the dispute, which surfaced in early 2017.
In episode 33 of the Brewbound Podcast, we rebroadcast this month’s Brew Talks conversation on diversity and inclusion with Jackson-Beckham; Founders Brewing diversity and inclusion director Graci Harkema; and Bow & Arrow Brewing founder Shyla Sheppard.