FoxTrot believes convenience stores and corner markets need a makeover, and now it has more cash to make that a reality. The retailer announced Tuesday that it has raised $100 million to help expand into new markets and to invest into its e-commerce business.
Online sales of beverage alcohol reached $6.1 billion in 2021 and have more than doubled their share of all off-premise dollar sales since 2019, according to a new report from Rabobank beverages analyst Bourcard Nesin. E-commerce sales of beer, wine and spirits accounted for 4% of total category off-premise sales in 2021, up from nearly 1.9% in 2019.
Cincinnati-based Rhinegeist Brewery nearly recovered to pre-COVID-19 levels in 2021, increasing sales +6% year-over-year, VP of Sales Matt Steinke told Brewbound.
Energy drink maker Monster’s interest in the beverage alcohol space hasn’t faded — at least if the company’s job listings are a clue to its ambitions. Financial services firm Jefferies web sleuthed several job posts over the last year that point to Monster “prudently building expertise in the alc space.”
The fifth generation of the Wanty family is taking the reins at O&W Inc., a Ypsilanti, Michigan-based independent beer wholesaler.
The San Diego craft brewery scene is once again getting shaken up by the Kings & Convicts. After acquiring the Ballast Point brand from Constellation Brands in 2019, the company is acquiring the brewing facilities and taprooms of Saint Archer from Molson Coors.
SweetWater Brewing parent company Tilray paid $5.1 million in cash and stock to acquire Green Flash Brewing and Alpine Beer Company last month, financial forms filed with the U.S. Securities and Exchange Commission showed. A purchase price of $5,133,000 for the San Diego-headquartered craft brands values their combined 2020 output of 34,000 barrels at $150.97… Read more »
The ownership of Utah’s Uinta Brewing has changed hands once again.
To-go drinks will return to New York state after an abrupt cancellation of the pandemic-driven policy last June, Gov. Kathy Hochul announced during her State of the State address earlier this week. “To-go drinks were a critical revenue stream for New York’s bars and restaurants during the pandemic, helping many small businesses across the state… Read more »
Cincinnati-based Rhinegeist Brewery announced today the forthcoming launch of RGBevs: a new line of malt-based, fruit-flavored alcoholic beverages. The company also revealed plans for a new hard tea brand, Geist Tea. Both new products are set to hit retailers with Rhinegeist’s full distribution footprint in early March.
Atlanta-based SweetWater Brewing has filed a lawsuit against an artist who claims he is owed $31 million for the use of the brewery’s rainbow trout logos, Law360 reported.
National wine and spirits distributor Republic National Distributing Company (RNDC) has acquired the independent Anheuser-Busch InBev (A-B) beer wholesaler White Mountain Beverage in Alaska. Meanwhile, Breakthru Beverage Group is set to acquire Missouri-based beverage alcohol distributor Major Brands, following an agreement announced Wednesday.
The effects of the pandemic on San Diego’s craft brewers were evident in the San Diego Brewers Guild’s (SDBG) 2021 economic impact report released last month, which showed beer production and economic output declines and employment cuts.
Global packaging distributor TricorBraun announced today that it has acquired beverage packaging providers Zuckerman Honickman and Vessel Packaging in a move providing the conglomerate with additional non-alcoholic beverage capabilities and an expanded footprint in Canada. According to the company, all Zuckerman Honickman and Vessel team members, including existing leadership, are expected to remain with the… Read more »
