Lost Abbey co-founder and chief operating officer Tomme Arthur announced plans to launch a new line of canned sour beers called Tiny Bubbles, which he called his company’s “authentic alternative,” in his opening address earlier this month during the Brewbound Live business conference in Santa Monica.
Federal excise tax (FET) relief for makers of beer, wine and spirits is locked in place through the end of 2020. President Donald Trump today signed into law a tax extender package that includes the Craft Beverage Modernization and Tax Reform Act (CBMTRA), which passed both chambers of Congress this week.
Coronado Brewing Company announced Thursday the appointment of James Murray as the San Diego craft brewery’s next CEO. Meanwhile, Atlanta, Georgia-headquartered Monday Night Brewing has hired Jill Matherson as its director of people and culture.
Olympia, Washington-based Fish Brewing Company announced Tuesday that it has been sold to Josh Carrigan and Kate Craig after entering receivership earlier this year, the Olympian reported. Bloomington, Minnesota-headquartered Granite City Food & Brewery announced Tuesday that it has filed for Chapter 11 bankruptcy. The owners of Barley Forge Brewing agreed on Wednesday to sell their business to the owners of Green Cheek Beer Co.
Costa Rica-headquartered FIFCO today named beverage industry veteran Rich Andrews as the next CEO of FIFCO USA. Andrews will supplant Adrian Lachowski, whose planned exit from the company was announced last week.
With just one month left in 2019, off-premise beer dollar and volume sales appear poised to finish in the black. Through the first 11 months of 2019, off-premise beer category dollar sales in multi-outlet and convenience stores tracked by market research firm IRI are up 5.2%, to nearly $34.5 billion, while volume sales are up 2.3%. The largest dollar sales growth in 2019 thus far has come from flavored malt beverages, including hard seltzers.
Beer, wine and spirits companies are a signature away from another year of federal excise tax relief. The U.S. Senate today passed a tax extender package that includes a one-year extension of the tax relief in the Craft Beverage Modernization and Tax Reform Act (CMBTRA) that was slated to expire at the end of 2019.
Dennis and Tauna Arnold, owners of Tucson, Arizona-based Barrio Brewing, announced plans Tuesday to sell 100% of their company to employees in a self-funded employee stock ownership plan (ESOP).
New Belgium Brewing Company’s employee owners have voted in favor of selling the company to Kirin-owned Lion Little World Beverages despite concerns over the Japanese beer giant’s business dealings in Myanmar.
Leaders in the House Ways and Means and Senate Finance committees reached a tax deal late Monday that includes a one-year extension of the federal excise tax relief for alcohol producers and importers.
Allagash Brewing Company estimates its sales volume surpassed the 100,000-barrel mark in 2019, due to packaging its flagship Allagash White and River Trip session ale in cans for the first time. After a successful regional introduction in 2019, the Portland, Maine-based craft brewery announced today plans to expand distribution of its canned offerings to additional markets and the addition of 12-packs.
Alabama’s Straight to Ale and Druid City Brewing merge. Truly Hard Seltzer will be offered on American Airlines flights. Kombucha brewer Local Roots acquires Latitude 33’s production facility. Anheuser-Busch InBev returns as official beer sponsor of the NHL and launches larger partnership with the NBA’s Brooklyn Nets.
Stone Brewing CEO Dominic Engels and Karl Strauss Brewing CEO and co-founder Chris Cramer discussed their respective companies’ operations and strategies last week at the Brewbound Live business conference in Santa Monica. Both San Diego companies are listed on not-for-profit trade group the Brewers Association’s (BA) list of the 50 largest craft breweries. However, Engels and Cramer offered varying perspectives for attendees and viewers.
California businessman John Gallegos has increased his investment in SouthNorte Beer Company, buying out Coronado Brewing’s minority stake in the brand and making him the majority owner of the San Diego, California-based microbrewery. SouthNorte was founded in 2016 as a partnership between Gallegos, San Diego-based Coronado Brewing, SouthNorte head brewer Ryan Brooks and Brandon Richards, the former CEO of SouthNorte and Coronado and the current president of AleSmith Brewing Company.
