The Brewers Association announced today that it will postpone its annual Craft Brewers Conference (CBC) and Brew Expo America until September and move the event to Denver from San Diego, where it had been planned for late March. The 2021 edition of CBC is now slated to be held September 9-12, pending health and safety protocols.
Americans’ consumption of alcohol has remained steady for nearly 15 years, but a new report from the research division of food and agribusiness financial firm Rabobank shows that Americans who imbibe are skewing more female, more diverse and older.
Corporate America is reassessing its campaign spending in the wake of a rally-turned-riot at the U.S. Capitol last week by supporters of President Donald Trump that left five people — including a Capitol police officer — dead. Within the beer industry, the two largest beer manufacturers in the U.S. told Brewbound that they will review their spending.
As it continues to develop new non-alcoholic brands in a myriad of categories, the Molson Coors Beverage Company announced today that it will enter the energy space with ZOA, a new better-for-you energy drink co-founded by actor Dwayne “The Rock” Johnson.
FIFCO USA will cease production of Portland Brewing Company beers and permanently close the brewery after 34 years, effective on February 5. FIFCO will also transfer production of Pyramid Brewing offerings, which had been brewed in Portland, to the Genesee production facility in Rochester, New York
Total beer dollar sales in off-premise retailers reached nearly $43.8 billion in 2020, according to market research firm IRI. The firm, which tracks category-wide sales at major off-premise retailers, reported a 14.7% increase in dollar sales and a 10% increase in volume sales at multi-outlet and convenience (MULC) stores (grocery, drug, club, dollar, mass-merchandiser and military) through December 27, 2020.
Basketball fans might have noticed a new commercial from a spirits company during Thursday night’s NBA doubleheader on TNT trying to persuade them to ditch beer in favor of a popular cocktail. Suntory-owned Jim Beam launched a new campaign this week titled “Need a Break From Beer” with a TV spot on more than 20 national networks.
The biggest challenge the producer of popular Mexican import brands Corona, Modelo and Pacifico faced in 2020 came in March when the Mexican government ordered the shutdown of all manufacturing industries, including beer. This pause in production led to depleted inventory that was still being replenished into the third quarter and created a gap between shipments (sales to wholesalers) and depletions (sales to retailers) growth.
In the wee hours of Wednesday morning, Massachusetts lawmakers finally passed franchise law reform legislation. If signed by Massachusetts Gov. Charlie Baker, the measure would put to rest a long-simmering debate between the Bay State’s craft brewers and their wholesaler partners.
This week’s edition of the Brewbound Podcast looks back at headlines from late December 2020 and the start of the new year. The Brewbound Team discuss the federal government making the excise tax cuts permanent; the U.S. Departments of Agriculture and Health and Human Services maintaining the daily servings of alcohol at two drinkers per day for men; the Sheehan family lawsuit; and Brewers Association chief economist Bart Watson’s 2020 recap.
Five months after considering a sale of as much as 20% of the company, India’s B9 Beverages is in the process of selling a minority stake in the New Delhi-based company for $30 million to Tokyo, Japan-headquartered Kirin Holdings, according to the Financial Times and Reuters.
The changes at FIFCO USA are continuing into the new year, as the company parted ways with Josh Halpern, who had served as chief sales officer over the last three years.
The federal Alcohol and Tobacco Tax and Trade Bureau (TTB) gave a belated holiday gift to winemakers and cidermakers on December 29: seven new permitted packaging sizes under the bureau’s standards of fill for products stronger than 7% ABV.
Boston-headquartered alcohol e-commerce marketplace Drizly announced today that its service is now available to the 4.4 million people in Atlanta and its surrounding suburbs.
