Brewbound Live will go virtual for two days of conversations exploring the future of the beer industry this December and will be a free opportunity for subscribers of brewbound.com. The annual business conference for beer industry professionals will take place on December 14 and 15 with two days of discussions, presentations and opportunities to share knowledge and beers.
Two more popular craft breweries have announced that their taprooms will be hibernating this winter as colder weather makes outdoor service infeasible, and COVID-19 cases continue to rise nationwide. Chicago-headquartered Revolution Brewing and Canton, Massachusetts-based Trillium Brewing both said this week that they will be temporarily shuttering their locations for on-premise service through the winter.
Night Shift Brewing is headed to Pennsylvania — just not with as big of a splash as the Everett, Massachusetts-headquartered craft brewery had once hoped.
Forget product, price, promotion, and all that. For Molson Coors Beverage Company, 2020 has been defined by three words that start with the letter P: persistence, perseverance and progress, CEO Gavin Hattersley said during the company’s third quarter earnings call today.
Anheuser-Busch InBev CEO Carlos Brito offered investors and analysts a peek at how the company is approaching future innovations during the company’s third quarter earnings call today.
Alcohol e-commerce platform Saucey and Los Angeles-area cannabis delivery business Emjay have combined to form Pacific Consolidated Holdings, the company announced today.
Pacific Northwest-based hospitality and brewpub chain McMenamins has launched the second phase of its investment drive as it seeks to raise as much as $15 million from accredited investors. Green Bay, Wisconsin-based Titletown Brewing is seeking a new owner or investors due to the COVID-19 pandemic hampering sales.
Dexter, Michigan-based Jolly Pumpkin Artisan Ales has opened a new cafe and brewery in East Lansing, Michigan, the company’s ninth location. Uinta Brewing’s new pub at Salt Lake City International Airport marks its first offsite expansion since opening in 1993. Brooklyn, New York-headquartered Other Half Brewing opened its third brewery and taproom in Washington, D.C., last week.
The leveling up of Millennials and Generation Z consumers is a bright spot on the horizon for craft beer, the beer industry’s leading economists said during last week’s Brewers Association Collab Hour webinar. “There’s really good tailwinds for craft,” Brewers Association (BA) chief economist Bart Watson said.
The Boston Beer Company has lofty goals for 2021. The company expects all of its brands — Samuel Adams, Dogfish Head, Truly Hard Seltzer, Twisted Tea and Angry Orchard cider — to grow next year. In a conversation with Brewbound, Boston Beer Company CEO Dave Burwick explained that the company will launch several new products… Read more »
The bar and restaurant industry will find little comfort in the most recent report from Nielsen CGA. With colder temperatures around the country threatening to put a damper on outdoor dining and COVID-19 cases on the rise in the majority of states, about half of all adults say they have no intention of returning to dining or drinking outside their homes soon, the on-premise arm of market research firm Nielsen found.
After posting strong double-digit growth in shipments, depletions and revenues on the back of Truly Hard Seltzer and Twisted Tea in the third quarter, Boston Beer Company stock (SAM) topped the $1,000 mark for the first time ever, up from $371.12 at the start of 2020. As of press time (2 p.m. ET October 23), shares were trading at more than $1,066 (+15% and more than $145 than the previous day).
An alcohol-free version of Guinness, called Guinness 0.0, will launch in Great Britain and Ireland on October 26 — and the product will come to four markets in the United States in 2021.
Pabst Brewing general manager and president Matt Bruhn said Pabst entered 2020 after a “tough but good” 2019, in which the company led the industry in price at a sub-premium level. He called it a “stabilizing year.” “We headed into 2020 in a really good position,” he said. “We built momentum in Q4 ’19, started to turn some of the trends around volumetrically, launched some cool innovation, had some winners in the back half of ’19. Quarter one 2020 was excellent.”
