Atlantic Beverage Distributors’ fight to keep Jack’s Abby Craft Lagers from terminating their wholesaler relationship hit a roadblock this week when a judge denied the distributor’s motion for a preliminary injunction against a pending arbitration hearing.
Net sales of Constellation Brands’ beer portfolio — including Mexican import labels Corona, Modelo and Pacifico — topped $6 billion, an 8% increase, in fiscal year 2021, the company shared today while reporting its full-year earnings.
The first Brew Talks of 2021 will take place on Thursday, May 13 and reconvene several panelists from its April 2020 discussion to gain perspective on how these businesses are faring one year later and what the path forward is for the industry.
The COVID-19 pandemic created a lot of hardships for craft brewers in 2020. Those challenges are evident in the Brewers Association’s (BA) annual production report, which revealed a 9% decline in brewery volumes, as well as declines in volume share, craft retail dollar value, craft dollar share, and the number of craft brewing jobs.
Continuing to cycle the tough comps of 2020’s pandemic stock-up period, off-premise dollar sales of alcoholic beverages declined 1.3% for the week ending March 27, compared to the same week last year, according to market research firm NielsenIQ.
Regional cideries grew at more than triple the rate of the total cider segment at off-premise retailers in 2020, American Cider Association executive director Michelle McGrath shared during the trade organization’s annual CiderCon event earlier this year.
“Off-premise channels grew 9% for total cider — regional brands grew 33%,” she said. “Off-premise chains don’t capture all of our members, but they do provide a useful measuring stick.”
New Belgium’s first company-owned restaurant — located in San Francisco’s Mission Bay neighborhood — will open Friday, April 9.
The Brewers Association (BA) released its annual craft brewery production report, which showed a 9% decline in 2020, in large part due to the COVID-19 pandemic. BA chief economist Bart Watson cautioned that the decline is not a perfect representation of the year for the nation’s 8,764 craft breweries.
Wilson Craig has a founder’s story that should be familiar to many in the beverage space: Dissatisfied with the available options in a category, he set about creating his own product to fill the “blind spot” in the market — in this case, ready-to-drink spirits. While working in real estate finance in New York City, he and his friends noticed “their bodies starting to change” as calories and carbs from drinking light beer began to catch up to them. The answer? Waterbird Spirits, a line of premium ready-to-drink cocktails in 12 oz. cans.
The COVID-19 pandemic put hard times on the U.S. craft brewing industry in 2020, as production declined for the first time in the modern craft era, the Brewers Association (BA) announced today. The number of barrels produced by craft breweries had steadily grown in recent years, from 24.3 million barrels in 2016 to a peak of 26.3 million barrels in 2019.
Brewbound will host its second Investor Speed Dating event on Tuesday, April 27. Speed Dating is a virtual event series designed to connect entrepreneurs in the beer and beyond beer space one-on-one with CPG investors.
The consumer-facing, in-person Great American Beer Festival tasting event will not take place for a second consecutive year due to the COVID-19 pandemic, the Brewers Association (BA) announced today. However, the competition that accompanies the festival will go on as planned this year, while the in-person event is slated to return in 2022 for GABF’s 40th anniversary.
Heineken-owned Lagunitas Brewing has named Tony Amaral head of sales, following the departure of Tom McReavy, who formerly led the Petaluma, California-based craft brewery’s sales division before taking the top sales role at Stone Brewing last month.
What appeared to be an April Fool’s Day joke about the creation of the Brewers Space Guild — “protecting breweries in the frontier without tiers” — was actually the announcement of the formation of the Association of Brewers Guild Professionals (ABGP), a trade organization for the employees of the nation’s state and local brewers guilds. Brewers guilds aren’t preparing for liftoff, but they are linking up to form an association of their own.
