Modern Times is seeking a buyer or an investor, the company’s new CEO told Good Beer Hunting. In the wake of closing four taprooms and laying off 73 workers, CEO Jennifer Briggs told the outlet that the company “would definitely entertain” a buyer.
The Brewers Association (BA) published its 2022 beer style guidelines with revisions that included tweaks to several styles and clarifications to language used to describe juicy and hazy beers.
On February 17, Monster completed its acquisition of CANarchy Craft Brewery Collective LLC for $330 million, bringing a roster of craft beer brands into its portfolio including Oskar Blues, Cigar City, Deep Ellum, Perrin Brewing, Squatters and Wasatch.
Reactions to the U.S. Department of Treasury’s report on improving competition in the beverage-alcohol industry continue to roll in from industry experts.
Anheuser-Busch InBev’s global revenue reached $54.3 billion in 2021, the company reported today during its full-year and Q4 2021 earnings report. CEO Michel Doukeris noted that the world’s largest beer manufacturer’s volume hit an “all time high” in 2021, increasing +9.6% for full-year 2021, to nearly 581.7 million hectoliters (495 million barrels).
What does the Treasury Department’s report on competition in the alcohol industry mean for craft brewers? Brewers Association president and CEO Bob Pease shares his thoughts on the report and what comes next.
Squatters founders Peter Cole and Jeff Polychronis’ PRC Restaurant Company, along with boutique investment firm Sentry Financial and local investors, acquired the Salt Lake Brewing Company from CANarchy.
Founders Brewing Company, new CEO Elton Andres Knight told Brewbound the company will focus on core innovations in 2022 and continue to build upon the company culture initiatives that the Grand Rapids, Michigan-headquartered craft brewery established over the last two years.
Molson Coors’ net sales increased +6.5% for the full 2021 fiscal year and +14.2% in the fourth quarter, the company reported today. The company posted net sales of $10.279 billion for the year that ended December 31. Worldwide, shipments (sales to wholesalers) declined -0.5% and brand volume (similar to depletions, which are sales to retailers) declined -1.7% over the course of the year.
Boston Beer Company announced the exit of one of its top executives, as well as offered a deep dive into its business across a pair of filings with the U.S. Securities and Exchange Commission Tuesday evening. In an 8-K filing, Boston Beer reported that Quincy Troupe, senior VP of supply chain, tendered his resignation on February 21.
Domestic tax paid estimates from the Alcohol and Tobacco Tax and Trade Bureau shared by the Beer Institute (BI) reveal a slow start to 2022. U.S. brewers shipped 12.3 million barrels of product in January 2022, a 6.2% decline (-815,000 barrels) compared to January 2021’s 13.1 million barrels, according to the estimates shared by the BI.
SweetWater Brewing has entered Oregon and Washington with Columbia Distributing, the brewery announced today. For the Atlanta-based craft brewery, Oregon and Washington mark its 39th and 40th states, respectively.
Hard MTN Dew – the partnership project between Boston Beer Company and PepsiCo Beverages – launched in three states this week: Florida, Iowa and Tennessee.
Some hard seltzer brands may be excluded from grocery and convenience stores in Utah under an omnibus bill proposed in the state Senate. Alaska’s state Senate has passed a bill that would make it harder for breweries to open taprooms in the state.
