The largest beer festival in the U.S. will not take place in-person in 2020 due to the COVID-19 outbreak. For the first time in the festival’s nearly 40-year history, the Brewers Association (BA) has canceled the 2020 edition of Great American Beer Festival, which was slated to take place September 24-26, and will instead move the event “to an immersive online experience” from October 16-17.
Looking to pay down short-term debt and jump start construction projects, Portland, Oregon-headquartered brewpub and hospitality chain McMenamins announced it is seeking to raise $20 million from private investors.
Popular Indiana craft brewery Three Floyds has indefinitely closed its brewpub in Munster due to safety concerns caused by the COVID-19 outbreak, according to the Guys Drinking Beer website.
During this week’s Brewbound Frontlines livestreamed panel discussion at 3 p.m. ET on Thursday, May 21, we’ll discuss the pandemic’s effect on e-commerce and how brewers can optimize this channel with leaders from Rabobank, Drizly and GoPuff.
Riding a months-long wave of record-breaking growth, the Drizly Group has hired two new executives and appointed a new member of its board of directors.
Two months into shutdown of on-premise establishments forced by the COVID-19 pandemic, 42 North Brewing Company’s drive-thru, beer-to-go business in East Aurora, New York — located about 24 miles east of Buffalo — has held steady.
Russian River Brewing Company’s annual release of Pliny the Younger triple IPA drew visitors from 47 states and 14 countries and generated $5.1 million in economic impact to the local economy, an increase of 22.6% over the 2019 release, according to a study conducted by the Sonoma County Economic Development Board.
The Cinco de Mayo holiday helped boost the beer category to its biggest sales week in 2020 so far for the week ending May 9, as dollar sales in off-premise retailers topped $983.6 million, according to market research firm Nielsen. In fact, the latest one-week period is the highest sales week since last year’s July 4 holiday week, the firm reported.
One in five consumers have returned to on-premise establishments in Georgia, Tennessee, Florida and Texas — states that have begun the reopening process following the shutdown forced by the novel coronavirus disease COVID-19 — according to a new survey conducted by Nielsen CGA.
The hard seltzer segment is on pace to capture 10% of the beer category dollar sales by this summer, according to Cowen analyst Vivien Azer. Last week, hard seltzer segment’s share of beer category dollar sales reached 8.8%, according to market research firm Nielsen. And there are no signs that the segment is slowing down.
The COVID-19 pandemic has altered nearly every facet of life and commerce, but one particular area stands to be gutted more than almost any other: large scale events. In the beer industry alone, event casualties are numerous, as the Brewers Association has now canceled three of its marquee events.
This week’s virtual panel features leaders from Monday Night Brewing, 2nd Shift Brewing, Cinder Block Brewery, and Creature Comforts Brewing, who discuss what’s happening with their businesses as their states begin to reopen.
Craft brewers who care about providing innovative benefits, competitive compensation, and tools for employee engagement might consider employee ownership as a part of a strategy to achieve these goals. Employee ownership provides a way for the current owners to sell their shares and also to create a unique employee benefit whose value is tied directly to the success of the business.
Nearly nine months after announcing their plans for a new $12 million brewery and taproom in Philadelphia, the founders of Everett, Massachusetts-headquartered Night Shift Brewing today announced they have abandoned the plan and reached an agreement with their landlord to terminate the lease on the 130,000 sq. ft. facility.
