In Episode 3 of the Brewbound Podcast’s second season, Deschutes Brewery founder Gary Fish and other leaders from the Bend, Oregon-based craft brewery discuss the current competitive landscape, the evolution to a beverage company, how difficult it is to get mindshare and focus in 2019, and giving consumers what they want.
Molson Coors’ future direction became more clear today following the announcement that the company will restructure its operations and slash its workforce. Prior to late July’s second quarter earnings call, the company announced that CEO Mark Hunter would retire at the end of September, and Gavin Hattersley, the CEO of U.S. business division MillerCoors, would… Read more »
Boston Beer Company reported strong earnings during its third-quarter earnings call Tuesday evening. The company reported depletions (sales-to-retailers) growth of 30%, 24% of which came from Boston Beer’s core brands and 6% of which came from Dogfish Head offerings.
Molson Coors today announced a sweeping restructuring and revitalization plan aimed at reinvesting $150 million annually in its core products, above-premium offerings, new innovations in the beyond beer space and digital capabilities. In order to achieve the savings, Molson Coors is consolidating its business units and office footprint and slashing its workforce.
Boston Beer Company reported third quarter depletions (sales-to-retailers) and shipments (sales-to-wholesalers) of 30% and 19.1%, respectively, according to financial results issued after the end of trading today. Boston Beer’s third quarter earnings marked the first with combined results following the merger with Dogfish Head Craft Brewery. The combined company — whose brands include Truly Hard Seltzer, Samuel Adams beer, Angry Orchard hard cider and Twisted Tea — reported net revenue growth of 23.3%, to $378.5 million, during Q3.
Founders Brewing Company temporarily shuttered its Detroit taproom on Friday amid growing backlash following the leak of a deposition in an ongoing racial discrimination lawsuit against the company. Meanwhile, diversity and inclusion director Graci Harkema, who the company hired in January 2019, announced her resignation.
Nearly seven months after its launch, Brew Pipeline’s Guest Brewer program has expanded into 34 states, exceeding its initial goal of attaining distribution of reaching half the country before the year’s end. Guest Brewer, one of six offerings from “direct-access platform” Brew Pipeline, pairs select craft brewers’ products with wholesalers in markets where they currently… Read more »
In March, after spending two years as CEO of the U.S. arm of Scottish craft brewery BrewDog, Tanisha Robinson took on a new position within the company as its Chief Disruption Officer, a move that put her in charge of seeking out the next big trends in beer and beverage to help the company stay ahead of the industry. Almost immediately, she took an interest in CBD — something BrewDog wasn’t ready to embrace just yet. Rather than let the opportunity get away, Robinson quit her job in July and founded W*nder (pronounced Wonder), a CBD-infused sparkling water brand set to launch this January.
Anheuser-Busch InBev reported today global revenue growth of 2.7% for the third quarter of the year, driven by an increase of 3% in revenue per hectoliter due to premiumization and strong growth in Mexico, South Africa and Colombia. Volumes worldwide decreased 0.5%; A-B’s own beer volumes were down slightly more with a 0.9% decrease. However,… Read more »
Less than 12 hours remain to take advantage of early registration prices for Brewbound Live Winter 2019. After today, ticket prices increase $200. Brewbound Live, the business conference curated for the needs of brewery leaders, is returning to Santa Monica this December 4th and 5th.
“I did not take this job to lose,” Heineken USA CEO Maggie Timoney said near the close of the company’s national sales meeting with wholesalers in New York City last week. “We’re going to win and win together.”
Lompoc Brewing, one of Portland’s oldest craft brewers, announced it will close next week after 23 years in business. “For me, it just felt like this is the right time, and time to back away from the craft brewing scene,” owner Jerry Fechter told Brewbound. Meanwhile, Heineken N.V.-owned Lagunitas Brewing has closed its Portland, Oregon-based… Read more »
In Episode 2 of the Brewbound Podcast’s second season, Karmen Olson and Thomas Bleigh discuss the pH Experiment’s holistic approach to innovation, which extends beyond liquid to experiences, delivery models, technology and more. They also share what it’s like to have a license to fail, how they define success and much more.
Anheuser-Busch filed two motions Tuesday night in its ongoing lawsuit with MillerCoors in an effort to unseal its heavily redacted counterclaim accusing its top competitor of stealing its trade secrets and receive a summary judgement.
