In this week’s edition of Last Call: Molson Coors acquires Quebec craft brewery Trou du Diable; Shmaltz seeks investment; Boston Beer Company opens a taproom in Boston; Maryland’s alcohol regulator wraps up reform task force; Viceland renews Beerland.
After four years as the national sales manager for Oskar Blues Brewery, Lou Romano has left the craft brewery to become the president of Flying Fish Brewing Company.
While its legacy Widmer and Redhook brands continue to decline, Kona offerings are up double-digits year-to-date in a Craft Brew Alliance portfolio that has grown to include a number of regional craft brewery partners in recent years.
Craft Brew Alliance (CBA), which makes and markets a range of beer offerings, today reported its third-quarter earnings results. The company’s performance for the three-month period ending September 30 was highlighted by a 9 percent increase in Kona depletions (shipments to wholesalers). Through the first nine months of the year, Kona depletions have increased 10 percent.
We’re just three weeks away from our next Brewbound Session, happening on Wednesday, November 29 in Santa Monica, Calif., and we’re excited to show off a first look at the agenda. Featuring multiple presentations and panel discussions with the alcohol industry’s top thought leaders, we’ve designed the Winter 2017 event specifically to help serious beer industry professionals better understand and capitalize on the future of the category.
The U.S. Food & Drug Administration (FDA) released its latest draft guidance for calorie-posting requirements on Tuesday, offering additional clarification for establishments in which alcoholic beverages are a regular part of menus.
E-commerce retail sales are approaching $400 billion dollars, but a mere 0.2 percent of beer — or about 3.5 million cases — was purchased online last year, according to Heineken CEO Ronald den Elzen. Den Elzen, presenting to more than 200 beer industry professionals attending yesterday’s Beer Marketer’s Insights seminar in New York City, called the shift away from brick-and-mortar purchases a “retail revolution.” By 2021, den Elzen projected that online beer sales will grow to 2.4 percent, to 53 million cases.
For the second time in just five months, Massachusetts’ Atlantic Beverage Distributors has sold the distribution rights to a prominent San Diego-based craft brewery. Beginning today, Craft Beer Guild LLC, a subsidiary of Sheehan Family Companies, will distribute Stone Brewing Company products throughout the state.
Denver’s Renegade Brewing today announced the sale of an undisclosed stake to Silver Fox Partners, a Northeastern family office founded earlier this year by Anne Mulcahy, the former CEO and Chairwoman of the Xerox Corporation. Specific financial terms of the deal, which was finalized last Wednesday, were not disclosed.
Texas-based contract brewery Guns & Oil Beer has reached an agreement to take over the former Payette Brewing Co. production facility located about two miles outside of Boise, in Garden City, Idaho. In a conversation with Brewbound, Guns & Oil founder Cary Prewitt said he’s taken out bank loans to finance the $1 million project, including acquiring Payette’s 15-barrel brewhouse. He added that he’s signed a five-year lease on the 11,000 sq. ft. property.
Those that tuned into to watch the Houston Astros capture their first World Series title by defeating the Los Angeles Dodgers on Wednesday night were treated to a barrage of alcohol ads during the three-and-a-half-hour affair. Two beer companies — Constellation Brands and Boston Beer — sprung for multiple Game 7 spots, marketing a wide variety of beer, cider, and flavored malt beverage brands to more than 28 million viewers.
In this week’s edition of Last Call, Bear Republic raises funds for wildfire victims; New York’s MTA bans booze ads; Boulevard announces the release of its first cider; Black Star Line finds a home; and more.
Another Colorado brewery has been sold. Broken Compass Brewing Company has agreed to buy the assets of Backcountry Brewery in Frisco.
Molson Coors today reported a worldwide net dollar sales decline of 2.1 percent in the third quarter, highlighted by the company’s continued struggle to regain market share in a crowded U.S. marketplace.
