Flavored offerings across several beer category segments are driving growth, according to Bump Williams Consulting’s most recent report. “Flavors clearly stand out as a common thread when it comes to answering the question of ‘Where is growth coming from?’” Williams wrote.
Off-premise dollar sales of craft beer are down -8.5%, to nearly $650.5 million, year-to-date through February 20 in multi-outlet and convenience stores tracked by market research firm IRI. Craft’s dollar share of the overall beer category declined -0.60%, to 11.29%, through that two-month period, the firm reported.
Brewbound Data Club examines the on- and off-premise trends from 2021 and looks ahead to 2022 with Joe Sepka, co-founder of 3 Tier Beverages; Matthew Crompton, client solutions director, Americas of CGA; and Danny Brager, founder, Brager Beverage Alcohol Consulting.
Independent wholesaler Craft Collective will expand to its fourth New England state next week when it launches operations in Vermont. Speaking to Brewbound, co-founder and CEO Adam Oliveri explained the impetus behind the expansion is a partnership with Vermont Beer Makers, who will sell the rights to their brands to Craft Collective after about a decade of self-distribution.
Austin Eastciders has hired John Glick as its new president and general manager, the Austin, Texas-based cider-maker announced Thursday.
Two of Canada’s major cannabis producers are coming together after Tilray Brands agreed to take on $211 million of debt from HEXO, a resolution that will allow the latter brand to shake off its “crippling overhang” by providing Tilray with “significant equity ownership position,” according to a press release.
In the wake of several brewery closures, Kelly Meyer, host of the How Not to Start a Damn Brewery podcast, discusses his experience with starting and selling a struggling brewery. He also shares insights from other brewery owners who shuttered their businesses. Kate Bernot also joins the podcast to discuss her story on Modern Times’ willingness to entertain a buyer or investor.
Legal cannabis sales worldwide are projected to rise 22% this year to over $35 billion, up from $29 billion in 2021, according to a report by Colorado-based cannabis market data supplier BDSA.
Breakthru Beverage Group has reached a deal to acquire J.J. Taylor Companies’ beer business in Minnesota, the companies announced today. Financial terms of the transaction were not disclosed. However, Breakthru expects the deal to close in the spring, pending customary closing conditions. Once closed, Breakthru will consolidate its beer portfolio into J.J. Taylor’s 600,000 sq…. Read more »
The Brewers Association (BA), the trade group representing the nation’s small and independent craft breweries, nearly doubled its revenue in 2021 compared to 2020, according to the organization’s annual report.
Escondido, California-based Stone Brewing expanded its East Coast operations this week, increasing annual capacity at its Richmond, Virginia, facility from 150,000 barrels to 200,000 barrels.
Michigan-based Blake’s Hard Cider will acquire all the assets of Bend, Oregon-based Avid Cider Co., the companies announced Tuesday.
Two weeks after calling New York City’s vaccine mandates “a crime against humanity” and igniting a maelstrom of social media backlash, Threes Brewing co-founder and CEO Josh Stylman has resigned, the Brooklyn-based craft brewery announced Tuesday.
Ray Guerin, chairman of Reyes Beverage Group, announced his plans to retire, effective April 30, in an internal memo Monday.
