Global cannabis firm Tilray generated $513 million in net revenue — a 27% increase year-over-year — during the company’s 2021 fiscal year, which ended May 31, the company reported last week.
Dutch brewing giant Heineken N.V. reported its first half 2021 earnings today, and its U.S. business division recorded “high-single digit” beer volume growth through the first two quarters of the year.
Decorah, Iowa-based Toppling Goliath Brewing Company has expanded to multiple new markets in recent months. The 12-year-old brewery’s growing footprint is due in part to the company’s switch to what co-founder Clark Lewey described as an “on-demand” business model.
The National Beer Wholesalers Association’s (NBWA) monthly Beer Purchasers’ Index found that wholesalers are reporting smaller inventories of beer at risk of going out of code.
On-demand e-commerce retailer GoPuff has closed on a $1 billion Series H funding round, bringing the valuation of the Philadelphia-headquartered company to $15 billion; India’s United Breweries is now a part of Heineken N.V. following the Dutch brewing giant’s acquisition of a controlling interest in the maker of Kingfisher; and more news.
Wholesalers ranked Boston Beer Company and Anheuser-Busch InBev first and second in most categories in Tamarron Consulting’s annual survey of distributors’ perception of key beer industry suppliers.
Shipyard Brewing has appointed David Phillips as chief operating officer; Joe Heaton will depart the Beer Institute after serving as senior director of federal affairs for the national trade organization; and Constellation Brands has appointed Liz Lopez as VP of public affairs to lead on issues related to cannabis policy in the U.S.
Brewbound’s Brew Talks meetup series returns live and in-person Thursday, September 9, during the Craft Brewers Conference in Denver. Industry leaders will meet for an afternoon session of networking, beers and high-level conversations at a soon-to-be-disclosed venue. The meeting will take place from 1-4 p.m. MT.
Newly appointed Anheuser-Busch InBev CEO Michel Doukeris hosted his first earnings conference call today since taking the reins earlier this month from predecessor Carlos Brito. “Throughout my 25 years at the company, I’ve had the privilege to lead our business across different regions of the world, working alongside the industry’s most talented and passionate colleagues every step of the way,” Doukeris said. “Stepping into this role, I look forward to working together with the team to collectively drive our business into this next chapter.”
Molson Coors Beverage Company CEO Gavin Hattersley stressed that the “outcomes” of the company’s 2-year-old revitalization plan are beginning to materialize. Those outcomes became frequent talking points during the company’s second quarter 2021 earnings report.
Leaders of the movement that helped bring to light stories from women in the beer industry who have experienced sexual harassment and assaults, toxic workplaces and misogyny, join Brewbound Frontlines to discuss their work and its future.
Spirits and Mexican import beer giant Constellation Brands put its official stamp of interest on the trend by investing in HOP WTR, an emerging brand of zero-calorie sparkling water infused with the fruity bittering agents as well as some on-trend functional or adaptogenic ingredients like L-Theanine (potentially providing relaxation and focus) and Ashwagandha (a purported stress reliever).
Craft breweries will have to do more than brew and sell a batch and donate proceeds from it to join the newest cause-driven global collaboration beer project. The organizers behind Brave Noise, a collaborative project “advocating for safe spaces and inclusive environments” in the beer industry, are asking participants to create and publish a code of conduct for employees and patrons, as well as donate the majority of the beer’s sales to an organization that supports the project’s mission.
Two Floridians are seeking class certification of a lawsuit filed last year against Anheuser-Busch InBev-owned Veza Sur Brewing that alleges that the world’s largest beer manufacturer is deceiving customers by positioning the Miami-based offshoot as a craft brewery.
