Like sweatpants and sourdough, golf gained an unexpected burst of popularity during the pandemic, earning droves of players looking for an outdoors oasis and socially distant entertainment. Another leisure activity that saw pandemic growth: ready-to-drink cocktails. Now the two are combining. Like many golfers, Turner Lewis, owner of Fore Craft Cocktails, enjoys a Transfusion while… Read more »
A bill to add $40 billion to the depleted Restaurant Revitalization Fund (RRF) failed to secure the requisite 60 votes in the U.S. Senate yesterday.
Dallas, Texas-based Bishop Cider has struck a deal to acquire Wild Acre Brewing in Fort Worth, as well as the assets of Legal Draft Beer Co. in Arlington, the 10-year-old cider maker announced Thursday. The planned acquisitions are part of an ambitious expansion plan to open four new entertainment spaces – one each in Dallas, Arlington and two in Fort Worth.
Anheuser-Busch InBev’s beyond beer division is organizing itself around four priorities: hard seltzers, Cutwater Spirits, Nütrl Vodka Seltzer and Ghost Energy, beyond beer business unit president Fabricio Zonzini shared during Beer Marketer’s Insights’ spring conference in Chicago last week.
Anderson Valley Brewing Company (AVBC), has committed to holding price – at least through the summer – despite inflationary headwinds, supply chain strain and continued effects of COVID-19 felt throughout the beer industry, the Boonville, California-based craft brewery announced Wednesday.
Since its founding in 2010, Fiddlehead Brewing Company has recorded double-digit growth every year in each of its eight markets, and this year made the Brewers Association’s (BA’s) list of Top 50 Craft Breweries by volume, ranking No. 49.
Boston Beer Company executives are now expecting hard seltzer growth for 2022 to be near the lower end of its previously communicated projections of flat to +10%, but they reaffirmed confidence in the long-term staying power of the segment, founder Jim Koch shared this week during the Global Staples Forum, according to a recap compiled by Goldman Sachs managing director Bonnie Herzog.
Molson Coors appointed Jeff Agase to lead its craft beer division, Tenth & Blake, on May 11. Agase joins the Brewbound Podcast to share his vision for the division, where it fits within Molson Coors’ premiumization efforts, and how the company views M&A.
New Belgium has completed several upgrades at its LEED-certified production brewery in Asheville, North Carolina, including the addition of a large solar installation, the company announced today.
Sunshine Pilsner is now produced in part with the help of real sunshine, thanks to a major brewery expansion project at Hershey, Pennsylvania-headquartered Tröegs Independent Brewing that includes a full roof of solar panels. Tröegs has marked its 25th anniversary with enough solar panels to provide 50% of its electric needs and a 14,000 sq. ft. expansion that will double the brewery’s canning capacity.
Who manages your digital shelf? That’s a question that Derek Hahm, the former Craft Brew Alliance (CBA) executive who has been tasked with leading the newly formed E-Premise Group, estimated about 80% of suppliers can’t answer.
The majority of distributors (70%) are seeing better growth for beer this spring, respondents told financial services firm Jefferies in a survey published today.
Sierra Nevada VP of sales Ellie Preslar and chief commercial officer Joe Whitney discussed the company’s growth via its Little Things family, media budget increases for Pale Ale, entering the non-alc segment with Hop Splash sparkling water and other innovations. After hinting at the possibility of taking non-alcoholic craft beer maker Athletic Brewing public during Brewbound Live last year, co-founder and CEO Bill Shufelt said an initial public offering (IPO) could materialize in the next 12-18 months.
On-premise sales velocity increased +3% in the week ending May 7, following a -1% decline in the week ending April 30, according to a report from the market research firm CGA.
