Brian Rosen doesn’t want to invest in your vodka flavored with sriracha or lemon peel and cumin. The lifelong beverage entrepreneur and advisor is channeling his experience into growing spirit brands that instead have wide appeal, and he’s adding strategic capital through InvestBev, an investment firm focused on adult-beverage brands, raw distillate, beverage technology and cannabis.
Following the news that Stone Brewing Company is in the process of being sold to Japan’s Sapporo Holdings for $165 million, Stone CEO Maria Stipp and director of public relations and communications Lizzie Younkin spoke with Brewbound Friday morning about the proposed deal.
Stone Brewing Company is being sold to Sapporo Holdings, the two companies announced today.
Court records filed in the wake of last Friday’s auction for San Diego craft brewery Modern Times give a closer look at bidding play-by-play, and the tension between qualified bidders MTD Asset Acquisition and BX MT BAMF LLC. Earlier this week, MTD (the group referred to during the auction as North Carolina brewery Tru Colors), whose $20.1 million bid was not accepted as the winning bid, filed an objection to the sale of Modern Times to BX MT (an affiliate of Brewery X in Anaheim), and submitted a new bid of $21 million. MTD claims priority was given to Brewery X’s bid due to its inclusion of a shorter closing period, despite what it believes was a previous guarantee that such conditions would not be weighted in choosing a winning bid. Those efforts caused a federal judge to table a hearing Monday set to confirm the sale of the brewery.
In his own words, Grisa Soba has “always been a contrarian and tried to do things differently.” That approach has taken Flaviar, the spirits enthusiast membership club Soba launched in 2012 from a simple tasting box format to one of the largest clubs of its kind serving the U.S. and EU. Before moving into digital… Read more »
After a year-and-a-half of high tension and muted sales, Bang Energy says it has officially ended its distribution partnership with PepsiCo. The Florida-based brand, a subsidiary of VPX Pharmaceuticals, announced in a brief press release today that “all disputes with PepsiCo have been fully settled and resolved” effective immediately and that the brand will return to DSD distribution through a number of new partnerships.
Modern Times finally hit the auction block, but the winning bid of $20 million from an affiliate of Anaheim, California-based Brewery X has been disputed by MTD Asset Acquisition. The Brewbound team also discusses developments in the trademark infringement lawsuit between Stone and Molson Coors and Mass. Bay Brewing’s acquisition of Long Trail Brewing.
Light lager continues to increase share on Drizly, clawing back share losses to hard seltzer over the past two years, according to the e-commerce alcohol delivery platform in its latest BevAlc Insights report.
Members of Teamsters Local 830 have been on strike at three Philadelphia-area beer wholesalers since Sunday. The union – which represents drivers, warehouse and production workers and sales and marketing professionals – established picket lines at Muller Inc. and Origlio Beverage in Philadelphia and Hatfield-based Penn Beer Sales & Service after members voted unanimously to strike following the rejection of a contract proposal from Delaware Valley Importers Distribution Association, which represents the wholesalers.
Brewbound’s Brew Talks conversation series will return to its roots in Boston on Wednesday, July 27. The conversation and networking series will take place live, in person from 3-6 p.m. ET at Samuel Adams brewery. Tickets are available now, with some of the proceeds going to the Massachusetts Brewers Guild.
Carbon Copy, a brewery and winery launched in 2020, has taken over the former Dock Street Brewery West location in Philadelphia, The Philadelphia Inquirer reported.
As middle-tier consolidation marches on, distributors have a new service partner to advise on mergers and acquisitions, as Arlington Capital Advisors (ACA) and the Bump Williams Consulting Company (BWC) announced today the formation of a “strategic alliance” between the two firms.
A federal judge told Stone Brewing and Molson Coors to work out a post-trial injunction over the use of the word “stone” or end up on the wrong end of a court order that both companies may not like, according to Courthouse News Service.
Wicked Weed built its name in the craft brewing industry with sour beers, but in recent years under the ownership of Anheuser-Busch InBev, the Asheville, North Carolina-based brewery has found commercial success in craft beer’s most popular style space, IPAs.
