Brewbound has compiled a list of beer companies and wholesalers who have received more than $1 million in funding through the program. This list is by no means comprehensive, and specific loan amounts were not shared, only ranges.
Energy drink maker Monster Beverage could be entering the more than $2 billion hard seltzer segment, according to an analyst’s report. Stifel Financial analyst Mark S. Astrachan speculated that the energy drink maker is considering entering the alcoholic beverage market, “most likely” with a hard seltzer.
Can inventory nationwide has tightened, due to the seismic shift in beer sales from on-premise draft to off-premise package since the COVID-19 pandemic began. “Sixteen ounce cans are going to be a problem this summer,” David Racino, co-founder and CEO of Austin, Texas-based American Canning, told Brewbound.
For the one-week period ending June 27, beer category dollar sales increased 16.1%, to $1.007 billion, according to data shared by market research firm Nielsen. Excluding FMBs, hard seltzers and cider, core beer dollar sales increased just 8.1% .
After 20 years leading McDermott, Will & Emery’s alcohol regulatory and distribution group, Marc Sorini is joining the Brewers Association as general counsel.
New Haven, Connecticut-based Dichello Distributors is suing Anheuser-Busch, claiming A-B “engaged in an ongoing conspiracy” with Sal DiBetta, a former employee who later worked as CEO of the wholesaler between 2013 and 2016, as well as “other unnamed parties,” to “undermine” Dichello and force president John Hall’s family to sell the business to A-B, according to a complaint filed on June 17 in the Connecticut Superior Court.
Pat and Shawn McIlhenney planning to open a brewery in the former Alpine Beer space; Deep Ellum shutters its Fort Worth taproom; Allagash founder Rob Tod recovers from COVID-19; and California extends bar closures to 19 counties.
On this week’s Brewbound Frontlines livestream we discuss regulatory changes made during the COVID-19 pandemic with McDermott, Will & Emery counsel Nichole Shustack, Kaleo Legal partner Shauna Barnes, and Responsible Hospitality Institute executive director Jim Peters.
Nearly 60% of Drizly users ages 21-26 plan to drink hard seltzer this summer, the on-demand e-commerce marketplace and delivery platform for alcohol beverages, found during its second annual consumer survey.
Former Fifty West Brewing director of sales Del Hall has left the Cincinnati craft brewery to join 16 Lots Brewing Company’s management team as chief commercial officer, starting July 6.
Constellation Brands, which begins its financial year in March, had a rollercoaster of a first quarter for FY 2021, with net sales declining 6%, to $1.9 billion, but beer depletions (sales to retailers) increasing 5.6%.
Days ahead of the July 4 holiday weekend, Colorado Gov. Jared Polis has issued an executive order to close bars as the number of COVID-19 infections in the state has increased over the last couple of weeks.
After a decade working for some of the best known brands in the cider industry, Caitlin Braam is launching twin projects of her own: Yonder Cider and The Source.
Amid surges in the number of COVID-19 cases across the country, more states and counties are pulling back on on-site consumption at bars and breweries. The reopening of bars for on-premise consumption has also come under fire in recent days from the highest levels of government. During testimony before the Senate on Tuesday, Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, called out bars, in particular, as “really not good.”
