Modern Times Sale: Brewery X Bows Out; Maui Next in Line to Acquire San Diego Craft Brewery
The sale of Modern Times took another turn Thursday with the ultimate acquirer of the San Diego brewery still in question.
The sale of Modern Times took another turn Thursday with the ultimate acquirer of the San Diego brewery still in question.
Weeks after a partial roof collapse at Buoy Beer Company’s facility in Astoria, Oregon, the company has resumed beer production and operations of its restaurant, as well as opened a summer pop-up pub.
The Brewbound team regroups after the July 4 holiday weekend to discuss the potential sale of Melvin Brewing, the success of Russian River’s Pliny the Younger release, the death of Boston Beer’s Long Drink wannabe Bevy, early read Fourth numbers from Drizly and much more.
Pernod Ricard announced last week the launch of The American Whiskey Collective, a new business unit dedicated to the company’s American whiskey portfolio that will pursue growth by investing in the “new fashioned” brands’ innovation, according to the division’s newly appointed head, Craig Johnson.
Figueroa Mountain Brewing Co. has taken over operations of three Los Angeles brewpub properties from Artisanal Brewers Collective (ABC), and will convert each into specialty Figueroa Mountain taprooms, the Buellton, California-based brewery announced June 17.
New Jersey craft breweries are “disheartened” after the state Division of Alcoholic Beverage Control (NJABC) moved forward on July 1 with special conditions for brewery license holders that limit brewers’ ability to host food trucks and events or sell beverages not produced on site, among other privileges.
Bang Energy maker Vital Pharmaceuticals’ motion to vacate a $175 million arbitration award was denied last week, clearing the way for Orange Bang and Monster Energy Company to collect damages plus a 5% royalty on all future net sales of Bang-branded products.
Ready-to-drink canned cocktails (RTDs) were a big winner on Drizly over Independence Day weekend (July 1-4), the alcohol e-commerce platform reported today.
Vita Coco is the latest non-alcoholic beverage giant to dip its toes into the RTD cocktail space, announcing today a collaboration with spirits conglomerate Diageo to release a line of coconut water spiked with Captain Morgan white rum.
The 2022 release of Russian River’s Pliny the Younger generated $6.1 million in economic impact, a record for the brewery and a $1 million (+20%) increase compared to 2020, the last year that the triple IPA was released.
Sonic Hard Seltzer is getting two sibling brands this fall as the license agreement between its parent company, COOP Ale Works, and Sonic Drive-In expands to Sonic Hard Southern Sweet Tea and Sonic Hard Slush.
Colleen Quinn, former chief commercial officer (CCO) for Greater Good Imperial Brewing Company, has been promoted to CEO of the Worcester, Massachusetts-based brewery, effective July 1.
Pricing was the clear theme of the question-and-answer portion of Constellation Brands’ first quarter FY2023 earnings call on Thursday. More specifically, analysts were wondering why the company is hesitant to increase price in an inflationary environment. CEO Bill Newlands reiterated that Constellation’s “long-term algorithm on pricing is +1%-2%,” although last year it increased beer prices +3.5%.
Following the July 4 holiday, Brewbound’s Brew Talks conversation and networking series will discuss the opportunities and pitfalls for craft beer-focused companies playing in the fourth category during a meetup at the Samuel Adams brewery in the Jamaica Plain neighborhood (30 Germania Street, Boston, MA, 02130) on Wednesday, July 27, from 3-6 p.m. ET.