An already competitive craft beer scene in Chicago is about to get even more crowded. Constellation Brands – a beer, wine and spirits producer that makes popular import beer labels such as Corona, Pacifico and Modelo — yesterday announced plans to open a Ballast Point outpost in Chicago early next year.
In this week’s Last Call: Alcohol suppliers agree to pay millions in penalties in Pennsylvania; Total Wine scores a win in Massachusetts; Dixie Brewing announces plans to return to New Orleans; and BrewDog declares Australian interest.
Colorado beer, wine and spirits wholesaler Breakthru Beverage has consolidated its four Aurora-based locations into a new 647,500 sq. ft. facility on the east side of Denver.
After revenue and depletions declined 14 percent during the first quarter of 2017, Boston Beer Company rebounded in Q2, today reporting revenue growth of 1 percent and depletion decreases of just 3 percent versus the same period a year ago. In a press release, the company – which makes Samuel Adams beer, Angry Orchard Hard Cider, Twisted Tea, Truly Spiked & Sparkling seltzers and other offerings — said it sold nearly 1.1 million barrels of product during the 13-week period ending July 1, 2017. The company sold about the same amount of liquid during the second quarter of 2016.
Anheuser-Busch InBev today reported its second-quarter and half-year earnings results, outlining global revenue growth of 5 percent in Q2 despite continued challenges in the U.S., the company’s largest individual market.
Brooklyn Brewery, along with California’s 21st Amendment (21A) and Colorado’s Funkwerks today announced the establishment of a combined sales team, which will be led by Brooklyn vice president of business development Dave Duffy.
Michigan-based Short’s Brewing said today it would sell a 20 percent equity stake to Lagunitas U.S. Holdings (LUSH), a wholly owned subsidiary of Heineken International. A sale price was not disclosed, but brewery partner Scott Newman-Bale, who spoke to Brewbound following the announcement, said the multiple exceeded 15X EBITDA (earnings before interest, taxes, debt and amortization).
Could craft beer play a role in the next congressional election? As part of its effort to win back control of Congress, the Democratic Party plans to “crack down on corporate monopolies” as part of a new populist economic agenda, unveiled Monday. The platform – called “A Better Deal” – is partly aimed at preventing mega-mergers that would “harm consumer, workers and competition.”
Ohio-based Fat Head’s Brewery finally broke ground today on a $12 million destination brewery that will double the company’s production capabilities, enabling it to produce as much as 60,000 barrels of beer annually.
Shot on location in San Diego and Portland, Ore., the latest episode of Learning Curve follows the founders of Border X Brewing as they learn from multiple Craft Brew Alliance executives and brew a collaboration beer in the recently built Widmer Brothers Innovation Brewery.
In this edition of Press Clips: The TTB begins a pay-to-play investigation in Miami; craft brewers adopt the BA’s independence seal; beer is still the alcoholic drink of choice in U.S.; and more.
On this latest episode of Taste Radio, Brewbound assistant editor Justin Kendall and BevNET managing editor Ray Latif talk with Reardon, who also serves as the CEO of Deep Ellum. During the interview, Reardon explains how he got into the craft beer business, discusses his plans for growth and why he thinks Deep Ellum can become a “dominant” regional craft brewery.
Know thy enemy. If you’re a brewery trying to make it in today’s crowded alcohol marketplace, that means understanding the strategies that wine and spirits brands have used to snatch 10 percent of total U.S. alcohol shipments away from the beer category over the last 20 years.
Executives from the largest beer companies in the U.S. gathered in San Diego this week for the annual Beer Institute (BI) meeting, and a theme of unity emerged as industry leaders attempt to stem continued share losses to wine and spirits.
