Goldman Sachs: Distributors Predict Hard Seltzer Shakeout in 2022

Goldman Sachs: Distributors Predict Hard Seltzer Shakeout in 2022

An overwhelming majority of distributors say a shakeout is coming to the hard seltzer segment and retailer shelves in 2022, according to the most recent Beverage Bytes survey from Goldman Sachs’ equity research team.

Brew Talks Live Explores How to Connect with Generation Z Consumers

Brew Talks Live Explores How to Connect with Generation Z Consumers

Generation Z consumers are coming of age, and the next Brew Talks meet up will explore marketing strategies to speak to this new generation of drinkers. Brewbound’s Brew Talks meetup series will return with a live and in-person event from 1-4 p.m. MT on Thursday, September 9, at Herman’s Hideaway.

Hard Seltzer’s Summertime Softening Disappoints Analysts; Cowen Downgrades Boston Beer to ‘Underperform’

Hard Seltzer’s Summertime Softening Disappoints Analysts; Cowen Downgrades Boston Beer to ‘Underperform’

Hard seltzer’s late summer slowdown has pushed several financial services firms to adjust their forecast for the sparkling segment’s performance. “We are incrementally more cautious on the beer and hard seltzer category based on feedback from our beer distributor contacts in our new proprietary ‘Beverage Bytes’ survey,” Goldman Sachs equity research analyst Bonnie Herzog wrote in a report published today.

Mission Brewery Sold; Former CBA Exec Dan Partelow Appointed CEO

Mission Brewery Sold; Former CBA Exec Dan Partelow Appointed CEO

San Diego-based Mission Brewery was sold in late July to a California holding company led by Kenneth Little, a partner in Brandes Investment Partners, according to documents filed with the California Secretary of State’s Office.

New Glarus CEO Vows to Fight Minority Shareholders’ Lawsuit

New Glarus CEO Vows to Fight Minority Shareholders’ Lawsuit

New Glarus Brewing co-founder and CEO Deborah Carey called a lawsuit filed last week against her and her Wisconsin craft brewery by three minority investors “slanderous,” and she said she plans to file a counter complaint. The three original investors in New Glarus claim in their lawsuit, filed in Wisconsin’s Dane County Circuit Court, that Carey breached her fiduciary duties and the company has oppressed minority shareholders.