Less than a week after announcing a joint brewing venture in Hong Kong, Brooklyn Brewery and Carlsberg this week announced the acquisition of United Kingdom-based London Fields Brewery.
In our latest edition of Brewbound Voices, Beer Business Finance founder Kary Shumway returns to discuss self distribution. Shumway has worked in the beer industry for over 20 years as a Certified Public Accountant and currently serves as the Chief Financial Officer for Clarke Distributors, Inc. in Keene, New Hampshire. In part II of his column for Voices, Shumway dives deep into the process of self distributing, discussing account and route building, proper cash flow management practices, the “hidden” costs of operating in a self distribution model and succession planning.
In our latest edition of Brewbound Voices, Beer Business Finance founder Kary Shumway returns to discuss self distribution. Shumway has worked in the beer industry for over 20 years as a Certified Public Accountant and currently serves as the Chief Financial Officer for Clarke Distributors, Inc. in Keene, New Hampshire. In part I of a two-part column for Voices, Shumway begins deconstructing the ins and outs of self distribution. He discusses the advantages and disadvantages of self distribution while profiling one brewery he believes is doing it well.
After six consecutive years of double-digit growth (2010-2015) within the craft beer segment, and a three-year period of intense merger-and-acquisition activity (2014-2016), brewery multiples are beginning to normalize, according to First Beverage Group managing partner Townsend Ziebold.
Brooklyn Brewery announced its fourth international brewing venture this week with the formation of HK Yau Brewing Company in Hong Kong.
Constellation Brands today reported its first quarter fiscal 2018 earnings results, which were highlighted by 8 percent net beer sales growth.
Drink Craft Beer LLC, a Boston-based beer festival organizer, has purchased various assets of The Pintley Company, an events business that helped craft breweries promote their products through various meetups across the United States. Specific financial terms of the transaction, which closed earlier this month, were not disclosed, Drink Craft Beer co-founder Jeff Wharton told Brewbound.
Even though 83 percent of the beer St. Louis’ 4 Hands Brewing produces stays within Missouri borders, founder Kevin Lemp wants even more of it to remain local.
In Tuesday’s edition of Press Clips: Utah lawmakers consider the end of 3.2 beer; a study finds Michigan has the cheapest cases of beer in the nation; River North Brewery announces return to its namesake neighborhood; and more.
The Brewers Association – a not-for-profit trade group representing the interests of small and independent U.S. craft breweries – today debuted an official “independent craft brewer seal” that it hopes brewery owners will “proudly display” on packaging, marketing materials, merchandise, websites and in taproom windows, among other places. The marker is aimed at helping drinkers distinguish between beers produced by small craft beer companies and those made by multinational corporations, such as Anheuser-Busch InBev, which has purchased 10 craft breweries since 2011.
In anticipation of moving into a new production facility in late 2018, Russian River Brewing Company has put its original Sonoma County production brewery on the market.
Standard Sales Company, based in Odessa, Texas, has announced plans to purchase Falls Distributing Company in Wichita Falls, Texas. Specific financial terms were not disclosed, and the transaction, which is pending supplier approvals, is expected to close on September 1, according to a press release issued by Standard Sales Company last Friday.
In this week’s edition of Last Call: Wisconsin beverage companies form a coalition; domestic tax paid shipments up 3.8 percent in May; and more news.
On a recent visit to Connecticut, Dan Kenary, the co-founder and CEO of Boston’s Harpoon Brewery, discovered that 60 percent of the unrefrigerated beers at one retail account did not have code dates. “That’s shameful,” he exclaimed to roughly 200 beer industry professionals attending last week’s Brewbound Session business conference in New York City.
