Deschutes Brewery is beginning to build its presence Roanoke, Virginia, where the company is still two years away from breaking ground on a $90 million production brewery. The Bend, Oregon-headquartered brewery yesterday announced plans to open a tasting room in downtown Roanoke in late August.
Following a multi-million dollar investment by Storied Craft Breweries last December, Texas’ Deep Ellum Brewing grew shipments by 50 percent during the first quarter of 2017, the company told wholesalers earlier this month. “As a collective force, we are kicking ass,” wrote brewery founder John Reardon.
Anheuser-Busch InBev is adding another brand to its craft and import focused “High End” portfolio, but this time it won’t come via acquisition. In a letter to wholesalers, the company said it would launch Veza Sur Brewing Co. in Miami this summer.
Do not upset the restaurateurs, warned Left Hand Brewing Company COO Chris Lennert during a wide-ranging Brew Talks panel discussion that examined an evolving three-tier system. Acknowledging that brewery owners have shown a keen ability to build brand awareness via direct-to-consumer sales, Lennert cautioned that higher margins and multiple taproom outposts might not always be the best approach to growth.
Rhinegeist Brewing co-founder Bryant Goulding, Firestone Walker co-founder David Walker and Dogfish Head founder Sam Calagione discuss the Maturing Craft Beer Market at Brewbound’s Brew Talks meetup in Washington, D.C.
In this week’s legislative update, Maryland and Montana move forward on raising the production caps, and Kansas is a signature away from stronger beer in grocery and convenience stores.
The Brewers Association is attempting to curb some brewers’ propensity toward offensive beer labels. At a press briefing held during the Craft Brewers Conference on Wednesday, the trade organization announced steps to prevent breweries that use offensive or sexist names and labels from marketing their businesses with the industry trade organization’s intellectual property in regards… Read more »
The days of double-digit growth in craft beer category might be a thing of the past, but that doesn’t mean small and independent brewers won’t continue to thrive in an increasingly more crowded environment, Brewers Association executives told thousands of brewers attending the second general session of the 2017 Craft Brewers Conference on Wednesday morning.
In the latest attempt to garner support for the Craft Beverage Modernization and Tax Reform Act (CBMTRA), more than 200 beer industry stakeholders climbed Capitol Hill on Monday to get a seat at the table with members of Congress and their staffers. “If you don’t have a seat at the table, then you are probably on the menu,” Brewers Association president and CEO Bob Pease cautioned during today’s opening remarks at the annual Craft Brewers Conference in Washington, D.C.
Independence Matters. That’s the message Brewers Association CEO Bob Pease hammered home to thousands of brewers attending the first general session of the 2017 Craft Brewers Conference this morning.
Denver’s River North Art District is about to get a little more crowded. On Monday, Fort Collins, Colo.-headquartered Odell Brewing announced plans to open a new brewery and taproom in that burgeoning neighborhood later this year.
Last Friday was National Beer Day and to mark the occasion, Boston Beer Company founder Jim Koch penned an op-ed for The New York Times hyperbolically titled “Is It Last Call For Craft Beer?” Koch, a craft beer pioneer and the man behind Samuel Adams, painted a bleak future for the industry despite it being what he called “the greatest time in history to be a beer drinker in America.”
The self-proclaimed “punks” behind Scottish craft beer maker BrewDog have sold a 22 percent stake to TSG Consumer Partners, a San Francisco-based private equity firm with existing investments in Pabst and Sweetwater Brewing. The roughly $265 million deal, which values the company at more than $1.2 billion, according to BrewDog founder James Watt, will include $124 million of reinvestment into continued expansions in the U.S. and abroad.
Even as growth in the craft category slows, a number of craft outfits are continuing to pour money into costly expansion projects. Just this week, a trio of regional breweries announced plans to expand with facility upgrades and new taproom locations.
