Scotland’s BrewDog allegedly submitted false information to the U.S. Department of Treasury’s Alcohol and Tobacco Tax and Trade Bureau (TTB) when it was exporting its beer to the U.S. before opening its Columbus, Ohio-based brewery, according to a report from the BBC.
Founders Brewing Company co-founder and CEO Mike Stevens will move into the role of board member, effective February 1, as the Grand Rapids, Michigan-headquartered craft brewery searches for a new CEO, the company announced today.
Charlotte, North Carolina-headquartered Sycamore Brewing posted another year of double-digit growth in 2021 and is poised for more of the same in 2022. “We put aggressive growth goals in front of our distributors for this coming year and they were wholly adopted,” VP of sales Archie Gleason told Brewbound.
Ojai, California-based hard kombucha and hard seltzer-maker Flying Embers has closed a $20 million series C funding round, led by global spirits giant Beam Suntory.
A quarter of consumers said they visited on-premise establishments less than usual in the two weeks that ended January 10, an +11% increase compared to December 2021, according to the market research firm CGA in its latest on-premise impact report.
The Reyes Beer Division is picking up one of the most popular brands in San Diego. Reyes subsidiaries Harbor Distributing and Crest Beverage will take over distribution of around 310,000 cases of AleSmith Brewing Company products in Southern California from Stone Distributing, starting at the end of the month.
Independent hard seltzer maker Two Robbers will open its first taproom in Philadelphia’s Fishtown neighborhood later this year. The 4,000 sq. ft. taproom – titled Burgers and Seltzers – is the first seltzer taproom in Philadelphia. In addition to a beyond beer-driven menu, Two Robbers will serve smash burgers, beer and spirits.
Deschutes Brewery has named Peter Skrbek as its new CEO, effective immediately. Skrbek, who served as chief financial officer, assumes the post from Michael LaLonde, who took the role of president in 2011 and later added the title of CEO in 2017 of the Bend, Oregon, craft brewery — the 10th largest by volume, according to the Brewers Association.
Springfield, Massachusetts-based White Lion Brewing has signed a licensing agreement with retired NBA player and UMass Amherst alumnus Marcus Camby to release the first of several collaborative beers.
Monster Beverage Corporation co-CEOs Rodney Sacks and Hilton Schlosberg discussed their company’s acquisition of the CANarchy Craft Brewery Collective and shed light on Monster’s aspirations in the beverage-alcohol space during a conference call for investors Thursday evening following news of the sale. “We’ve been evolving a strategy to enter the alcoholic beverage market and this is, we believe, our best strategy of achieving this objective,” Schlosberg said.
The federal Alcohol and Tobacco Tax and Trade Bureau (TTB) has accepted offers in compromises from a pair of Midwestern beer wholesalers for entering into sponsorship agreements that “allegedly resulted in the unlawful exclusion of their competitors’ products,” the agency announced today.
Lower than expected wholesaler inventory builds of Truly Hard Seltzer in the fourth quarter, as well as increased supply chain costs, have led Boston Beer Company to revise downward its shipment, gross margin and earnings per share projections for full-year 2021, according to a Form 8K filed with the U.S. Securities and Exchange Commission Thursday afternoon.
Whispers of the CANarchy Craft Brewery Collective’s potential sale have circulated through the industry’s rumor mill for the last few years before finally becoming a reality with today’s announced agreement to sell to energy drink maker Monster for $330 million in cash. Those whispers were the smoke to the fire of the craft brewery rollup being shopped to potential buyers. The seller’s identity though was not be the one everyone associates with CANarchy’s ownership.