Slower growth and increased competition are the “new normal,” Brewers Association (BA) leaders hammered home on the second day of the trade group’s annual Craft Brewers Conference (CBC). “This is not a blip,” BA chief economist Bart Watson said during Wednesday’s State of the Industry presentation. “This is the new normal.”
Leaders with the Brewers Association (BA) opened Tuesday’s opening session of the Craft Brewers Conference in Denver by soliciting donations for its new political action committee (PAC). Their goal? To make permanent the excise tax cuts in the Craft Beverage Modernization and Tax Reform Act (CBMTRA), which are slated to expire at the end of the year.
One month after formally establishing its pH Experiment, a growth unit tasked with developing innovative products that play on the fringes of the beer category, Craft Brew Alliance today announced the launch of a new low-proof seltzer line called Pacer.
The Brewers Association’s (BA) biggest event of the year, the Craft Brewers Conference (CBC) & BrewExpo America, officially kicks off Tuesday in Denver. With more than 70 educational seminars and tons of networking opportunities (and parties), CBC can be daunting. To help attendees plan their schedules effectively, Brewbound has picked eight seminars that shouldn’t be skipped.
Brewbound, a leading trade publication covering the beer industry, today announced the return of its two-day business conference for professionals in the beer, cider, hard kombucha, and flavored malt beverage industries. Called Brewbound Live, the event takes place on December 4 and 5 at Le Méridien Delfina in Santa Monica, California.
Stone Brewing’s lofty $30 million Germany brewery experiment — aimed at converting Reinheitsgebot-abiding German drinkers into American craft beer lovers — has come to an end only a few years after it began. The San Diego-headquartered company, ranked by the Brewers Association as the ninth largest craft beer producer in the U.S., today announced the sale of its Berlin brewing facility to Scotland’s BrewDog.
In this week’s edition of Last Call: Deschutes tells Roanoke city officials it is unlikely to build a production facility by a 2021 deadline; Trillium spends $13 million to acquire Canton real estate; Deschutes hires ex-Dogfish Head VP of marketing; BrewDog shares Q1 highlights; and more industry news.
A blockbuster merger between two alcohol-distributing giants that was 16 months in the making has been terminated. Republic National Distributing Company (RNDC) and Breakthru Beverage Group — the second and third largest wine and spirits wholesalers in the U.S. – today announced the cancellation of an intended merger first announced in 2017 to create a multi-state wholesale operation.
Oregon’s Ninkasi Brewing has sold a majority stake to Legacy Breweries Inc., an upstart venture led by former Yakima Chief CEO Don Bryant, that aims to acquire U.S. craft breweries. Specific financial terms of the deal, which will close at the end of April, were not disclosed.
Beer no longer holds a majority of the share of total alcohol servings in the U.S. Beer Institute chief economist Michael Uhrich reported today during a State of the Industry presentation that beer’s share of total alcohol servings fell to 49 percent, down about 1 percent, as hard liquor (35.6 percent) and wine (15.4) both gained share.
Constellation Brands reported its fiscal year and fourth quarter 2019 earnings results today, which were highlighted by a 7 percent increase in net sales, to more than $8.1 billion.
In episode 30 of the Brewbound Podcast, NBWA chief economist Lester Jones explains how the NBWA’s monthly “Beer Purchaser’s Index” can help predict future industry trends, and how beer professionals can use it to make more informed decisions. He also explains his “cognitive beer dissonance” theory and gives us all a reason to believe that the industry is actually pretty healthy.
Two of the largest U.S. states now boast a record number of breweries. According to an economic impact study released Tuesday by the California Craft Brewers Association, California continues to be home to the most breweries in the nation, with more than 980 in operation as of April 2019. Meanwhile, an economic impact study released today by the New York State Brewers Association, found that 434 craft breweries were operating in the Empire State at the end of 2018.
The Alcohol and Tobacco Tax and Trade Bureau (TTB) today announced the acceptance of a record $2.5 million offer in compromise from Heineken USA Incorporated for alleged trade practice violations outlined in the Federal Alcohol Administration (FAA) Act. Heineken USA’s (HUSA) payment is the largest offer in compromise that the federal agency has ever accepted, TTB spokesman Thomas Hogue confirmed to Brewbound.
