The Boston Beer Company has added Dogfish Head co-founder Sam Calagione and Snap Inc. (Snapchat) chairman Michael Lynton to the company’s board of directors. Philadelphia-headquartered GoPuff, essentially an on-demand delivery service for products ranging from snacks to alcohol, recently completed a $380 million funding round that takes the company’s valuation to $3.9 billion. And more news bites.
Buellton, California-based Figueroa Mountain Brewery has filed for Chapter 11 bankruptcy protection in order to take on new investment from New York-based private equity firm Creekstone LLC.
The priorities for Brewery Ommegang in 2021 look a lot different than the Belgian-inspired beers for which the Cooperstown, New York-based craft brewery is most known. Those priorities include the Neon family of IPAs, a nationwide relaunch of Idyll Days Pilsner and an old favorite in a new package, Three Philosophers cans.
Minneapolis-based Surly Brewing’s hospitality employees will not be unionizing after their election to join Unite Here Local 17 failed this week. “We began this journey hoping for a different outcome,” the organizing employees wrote on their Unite Surly Workers Instagram account.
Large beer and CPG companies are trading on the equity of their top brands to try to get a piece of the $3.49 billion hard seltzer segment. The latest edition of the Brewbound Podcast brings together industry experts to discuss a slew of new introductions.
The three-tier distribution system is “under attack from all sides” and wholesalers should work to strengthen franchise laws that lock suppliers into nearly unbreakable contracts with their distributor partners. That was one of the messages from Patrick Blach, the incoming chairman of the National Beer Wholesalers, during his introductory speech Tuesday at the trade group’s 83rd Annual Convention.
Bell’s Brewery’s portfolio will be excluded from the sale of Indianapolis-headquartered Monarch Beverages to the Reyes Beer Division, after the Comstock, Michigan-based regional craft brewer informed its distributors last year it would not allow its brands to be sold to certain successors.
The Pabst Blue Ribbon name is now attached to a new non-alcoholic, THC-infused, lemon-flavored seltzer. The Los Angeles-based beer manufacturer’s PR firm today announced the formation of Pabst Labs, a licensed cannabis company based in Los Angeles, as well as the launch of a non-alcoholic, THC-infused, lemon-flavored seltzer, Pabst Blue Ribbon Cannabis Infused Seltzer, in California.
After a year of trial and research, Longmont, Colorado-based Bootstrap Brewing will launch its first non-alcoholic offering, Strapless IPA, the company announced yesterday.
Kansas City’s Boulevard Brewing Company is back in black in 2020. The launch of Quirk Spiked & Sparkling hard seltzer, as well as the addition of 16 oz. can 4-packs of Tank 7, a strong sophomore year for Space Camper IPA and a resurgence of Unfiltered Wheat in off-premise retailers as consumers stocked their fridges… Read more »
In the midst of the pandemic when many other brewers’ futures seem uncertain, Fiddlehead Brewing has announced a $6 million expansion project that will triple its capacity and help the Shelburne, Vermont-based brewery add three new states to its footprint.
The National Beer Wholesalers Association’s (NBWA) 83rd Annual Convention kicked off today with a celebration of beer wholesalers’ work during the COVID-19 pandemic, as well as an outline of perceived threats to the three-tier distribution system.
Another big wholesaler deal is going down, further consolidating the middle tier. Reyes Beer Division has struck an agreement to acquire the assets of Indianapolis, Indiana-based Monarch Beverage.
The month of August was Boulevard Brewing Company’s “single best month ever,” even with the the company’s on-premise business cut in half, Duvel USA president Jeff Krum told Brewbound. In August, Boulevard shipped 19,000 barrels of product, which Duvel USA VP of sales Bobby Dykstra said was tied for the company’s biggest volume month ever, “but in revenue, blew past any month in our history.”
