Sierra Nevada Boosted by Little Thing Family; Athletic IPO Within Next 2 Years

Sierra Nevada Boosted by Little Thing Family; Athletic IPO Within Next 2 Years

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.

Lagunitas Sells 50% Stake in Moonlight Brewing to Patrick Rue

Lagunitas Sells 50% Stake in Moonlight Brewing to Patrick Rue

Heineken-owned Lagunitas Brewing Company has closed on the sale of its 50% stake in Santa Rosa, California-based Moonlight Brewing Company to Patrick Rue, the founder of Orange County’s The Bruery and owner of Erosion Wine Co. in St. Helena, California.

Last Call: Athletic Brewing Now B-Corp Certified; Minnesota Growler Bill Passes House

Last Call: Athletic Brewing Now B-Corp Certified; Minnesota Growler Bill Passes House

Athletic Achieves B-Corp Status Non-alcoholic beer maker Athletic Brewing Company has achieved Certified B Corporation status, which the organization says means a “business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials.” “Being able to identify as a B… Read more »

Instacart Files Confidentially to Go Public

Instacart Files Confidentially to Go Public

Delivery service Instacart announced late yesterday that it has confidentially filed a draft registration statement with the Securities and Exchange Commission (SEC) to go public. The announcement comes after the company slashed its valuation and other companies are postponing their own IPOs.

Consumer Price Index For Beer +5% in April 2022

Consumer Price Index For Beer +5% in April 2022

The price of beer — like most goods — is on the rise. The Consumer Price Index (CPI) for beer increased +5% in April, the U.S. Bureau of Labor Statistics reported Wednesday.