Eight months after announcing intentions to sell its U.K. craft brewing operations, Kirin subsidiary Lion has sold its Magic Rock and Fourpure brands to Odyssey Inns Ltd, a hospitality group led by Stephen Cox, who co-founded Devon’s Utopian Brewing.
THC-infused soda maker Green Monké has secured an exclusive long-term partnership to co-create beverages with one of the cannabis industry’s best-known brands. Plus, Canadian cannabis giant Tilray has signed on with Southern Glazer’s Wine & Spirits to distribute its forthcoming portfolio of CBD-infused beverages starting this fall.
Cincinnati’s Rhinegeist Brewery will begin “a two-stage expansion” into Houston, Texas, starting in mid-August via Silver Eagle Distributors.
One year after its launch, the joint venture between Boston Beer Company and Beam Suntory revealed a third product: Twisted Tea Sweet Tea Whiskey. Hard MTN Dew – a collaboration between Boston Beer and PepsiCo – rolled out to Las Vegas retailers this week after a regulatory standoff with the Nevada Department of Taxation.
Monster Beverage Company confirmed its long-rumored entrance into beverage alcohol during its Q2 2022 earnings call on Thursday, announcing that Monster Beast Unleashed, a four-SKU line of flavored malt beverages (6% ABV) will launch in late Q4 2022 with the goal of being nationally distributed by the end of 2023.
Ball Corp. plans to permanently close can manufacturing facilities in Phoenix, Arizona, and St. Paul, Minnesota, and delay construction of a new plant in North Las Vegas, Nevada, the Westminster, Colorado-headquartered company announced today during its second quarter financial results.
For the 52 weeks ending July 16, the combined malt- and spirits-based hard seltzer segment reached $4.263 billion, according to Jefferies equity research managing director Kevin Grundy. In the last four weeks, spirits-based seltzer’s share of the business has reached 9.1%. Malt- and sugar-based hard seltzers account for 90.9% of the segment – and their sales are declining.
National Beer Wholesalers Association chief economist Lester Jones joins the Brewbound Podcast to explain why he’s bullish on the beer category despite the current economic climate.
CELSIUS’ leadership believes the company’s new distribution partnership with PepsiCo will help increase its distribution footprint by around 40% over the next 12 months as the Florida-based energy drink brand eyes new channels and global growth.
As the largest hard seltzer brands cycle tough year-over-year comps, regional seltzer brands such as Boulevard Brewing Company’s Quirk Hard Seltzer are gaining traction in their home markets.
Minneapolis-based Finnegans Brew Co. has struck a deal to acquire non-alcoholic craft brewer Hairless Dog Brewing Company.
Weyerbacher Brewing Company in Easton, Pennsylvania, has filed its second Chapter 11 bankruptcy petition in the last three years.
Molson Coors’ second quarter earnings report featured varied results, including volume declines, an increase in net sales per hectoliter (+7.1%) and the company’s first increase in U.S. dollar share in more than a decade.
Brewers Association (BA) chief economist Bart Watson reported last week that indicators halfway through 2022 point to growth between 4% and 5% for craft beer by the year’s end. That estimate is in line with the projection Watson made at the end of 2021, when the industry grew 8% as the on-premise channel began to reopen.
