Off-premise dollar sales of ready-to-drink canned cocktails (RTDs) and hard seltzers have more than doubled in the past three years, increasing +155% since 2019 (through January 8, 2022), according to NielsenIQ data, shared by the Beer Institute’s (BI) VP of research Danelle Kosmal during a webinar Thursday.
Delivery service Gopuff has laid off hundreds of employees as it aims to cut costs, the company confirmed today. Former employees claimed the number was more than 1,000.
While beer price increases have remained below national inflation, nearly two-thirds of consumers plan to cut back on alcohol spending due to inflation, according to a recent Harris Poll survey commissioned by the Beer Institute (BI) shared by BI VP of research Danelle Kosmal during a webinar Thursday.
What propelled the craft beer industry to nearly 9,000 breweries over several decades isn’t volume growth, distribution expansion or heaps of medals, but the stories of its people, according to Maine Beer Company co-founder Dan Kleban. Kleban delivered a keynote address Thursday at the New England Brew Summit, hosted by the Maine Brewers’ Guild centered on the theme of standing out in a crowded marketplace.
A jury awarded Stone Brewing $56 million in its trademark infringement lawsuit against Molson Coors for its Keystone Light rebrand last Friday. Courthouse News Service reporter Bianca Bruno joins the Brewbound team to discuss what it was like inside the courtroom and where the case goes from here, including post-trial motions. Plus, Harris Beach partner Brendan Palfreyman returns.
New Mill Capital, the asset disposition firm tasked with selling Milwaukee Brewing Company, has set a minimum offer at above $10 million for parties interested in the Wisconsin craft brewery, according to an email from the firm’s principal, Eric Weiler.
E-commerce beverage-alcohol platform Provi has filed a complaint against Southern Glazer’s Wine and Spirits and Republic National Distributing Company (RNDC) – the country’s two largest wine and spirits distributors – alleging that the companies have unlawfully stifled the growth of its platform.
Through the first two months of the year, shipments are down -6%, to 23.4 million barrels shipped, according to the Beer Institute (BI), citing domestic tax paid estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
Molson Coors is in the process of a packaging refresh for Keystone Light, chief legal officer Anne-Marie D’Angelo shared with the company’s distributor partners in a memo Tuesday afternoon. The company shared plans for the packaging refresh just days after a jury awarded Stone Brewing Company $56 million in its long-simmering trademark infringement lawsuit against Molson Coors.
Massachusetts state senators voted last week to continue outdoor dining and cocktails to-go allowances through April 1, 2023.
Leaders within the craft cider industry share how regional cideries are growing in 2022. American Cider Association executive director Michelle McGrath, Schilling Cider co-founder and CEO Colin Schilling, Swilled Dog Hard Cider & Spirits co-founder and CEO Brooke Glover, and ANXO Cider co-founder and president Sam Fitz discuss the state of the industry, retail gains and much more.
On-premise beer performance held strong last weekend (March 24-27) – a week after elevated St. Patrick’s Day sales – with a +4.1% increase in rate of sale (ROS) nationally compared to the prior period (March 10-13), according to the market research firm BeerBoard.
A bill introduced in the New Jersey state Senate last month proposes the creation of a new tax class for flavored malt beverages (FMBs). The bill would tax FMBs at $4.40 per gallon, far closer to New Jersey’s rate for distilled spirits ($5.50 per gallon) than for beer ($0.12 per gallon).
Ball Corporation and Carlsberg joined Heineken N.V. today in announcing plans to exit their business in Russia.
