BeerBoard: On-Premise Open Rate Returns to Previous High of 93%

BeerBoard: On-Premise Open Rate Returns to Previous High of 93%

The open rate of bars, breweries and restaurants tracked by BeerBoard has returned to 93% during the February 24-27 weekend, the highest it has been since May 2020, according to the Syracuse, New York-based on-premise tracking firm.

Monster Execs Discuss Alcohol Strategy; CANarchy Deal Closed February 17

Monster Execs Discuss Alcohol Strategy; CANarchy Deal Closed February 17

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.

Anheuser-Busch InBev Revenue Tops $54.3 Billion in 2021; Volume Hits All-Time High

Anheuser-Busch InBev Revenue Tops $54.3 Billion in 2021; Volume Hits All-Time High

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).

Squatters Founders Buy Back Restaurants and Brewpubs

Squatters Founders Buy Back Restaurants and Brewpubs

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.