After being shut out of receiving loans from the coronavirus relief bill’s Paycheck Protection Program, small business owners have filed class action lawsuits against some of the country’s biggest banks, alleging unfair business practices and fraud.
More than 1,900 fewer beer category (beer/FMB/cider) products — a majority of which were made by independent and longtail craft producers — were sold in off-premise retailers during the first six weeks of the COVID-19 crisis compared to the same period in 2019, according to market research firm Nielsen.
Barry Holmes, CEO of The Bruery and Offshoot Beer Co., offers tips to breweries considering getting into direct-to-consumer or membership club business and shares how The Bruery is engaging its members via weekly, virtual happy hours on Thursday nights. He also discusses how adding a line of canned hazy IPAs and a pilsner through the Offshoot brand has helped fortify The Bruery’s business, which was originally built on barrel-aged and sour offerings.
Just two weeks after it began accepting applications, the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) ran out of funds on Thursday, April 16.
As the craft beer industry navigates the complexities the COVID-19 pandemic has wrought on the on-premise channel, Brewbound is gathering leaders to discuss how brewers nationwide are approaching the circumstances. Join us this Thursday, April 16 at 3 p.m. ET for a live streamed virtual panel discussion with leaders from breweries in states where social distancing measures have not yet been put in place by state order.
Untappd — the beer ranking and checking in smartphone app — was built on the notion of being social. However, being social in the U.S. has been taken away by the novel coronavirus disease, which has forced consumers to stay inside their homes and shut down brewery taprooms, tasting rooms, bars and restaurants across the country.
Stonehearth Capital Management senior financial advisor Andrew Nadeau joined Brewbound reporter Jessica Infante for a conversation about the U.S. Small Business Administration’s (SBA) options for business owners.
Molson Coors Beverage Company is deepening its relationship with Quebec-based cannabis company HEXO, today announcing the launch of a new joint venture to produce non-alcoholic CBD-infused beverages in Colorado.
As the craft beer industry navigates the complexities the COVID-19 pandemic has wrought on the on-premise channel, Brewbound is gathering leaders to discuss how brewers nationwide are approaching the circumstances. Join us this Thursday, April 16 at 3 p.m. ET for a live streamed virtual panel discussion with leaders from breweries in states where social distancing measures have not yet been put in place by state order.
Corvallis, Oregon-based Block 15 Brewing is expanding its 5-year-old self-distribution operation and creating Block 15 Distribution, an independent beer and coffee wholesaler, the company announced yesterday.
Anheuser-Busch InBev today announced several measures in response to the COVID-19 pandemic, including a $1 million donation to the U.S. Bartender Emergency Assistance Program and a 50% reimbursement for untapped, out-of-code beer through July 1.
By most metrics, small and independent craft brewing companies posted solid volume growth in 2019. However, the disruption caused by the COVID-19 pandemic, which has forced many craft brewers into “survival mode,” is overshadowing 2019’s growth.
Two months after Constellation Brands made a minority investment in Press Premium Alcohol Seltzer, the company’s chief commercial officer for its beer division, Bruce Jacobson, announced he is leaving the beer, wine and spirits company after 17 years to join the Milwaukee, Wisconsin-based hard seltzer maker.
Contrary to previous reports, some businesses with backing from private equity or venture capital firms are eligible for loans under the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP).
