We’re just 10 days away from the 2016 Winter Brewbound Session, happening on Thursday, Dec. 1 in San Diego, and the final agenda is now available for viewing. And, as always, we’ve saved one final surprise announcement for attendees. Joining next week’s full-day event will be Vann Russell, the founder of Arlington Capital Advisors.
The board of directors for Constellation Brands — the high-end maker of Ballast Point and import brands Modelo and Corona — has approved a share buyback program of up to $1 billion of the company’s common stock.
Personnel changes are starting in the wake of Molson Coors’ purchase of MillerCoors. The company made one key addition, but has also begun cutting positions across the U.S. Yesterday, Molson Coors named Tracey Joubert as its new chief financial officer and, according to Pete Marino, the chief public affairs and communication officer at MillerCoors, six individuals based out of that division’s headquarters in Chicago will also be let go as a result of the acquisition.
A “landmark report” issued Thursday by the Surgeon General found that nearly 21 million Americans have substance abuse disorders — more than the number of people with all forms of cancer — and yet 90 percent are not receiving treatment.
The Beer Institute is hoping a so-called “lame duck session” of Congress won’t hurt the chances of finally passing the Craft Beverage Modernization and Tax Reform Act (CBMTRA), which would lower excise taxes, compliance burdens, and regulations on alcohol makers.
Pabst Brewing is the country’s fifth largest beer maker, but unlike competitors Anheuser-Busch InBev, MillerCoors, Constellation and Heineken — all of which have made significant investments in the craft space — the company has yet to enter an otherwise frothy craft beer market teeming with eager sellers. But it’s not because the company lacks a desire to get serious about the segment. In fact, Pabst CEO and chairman Eugene Kashper has publicly acknowledged the fact that a true craft brand is a “big hole” in the company’s portfolio.
Over the last 18 months, Shmaltz Brewing Company — a Jewish-themed brand sold via 40 wholesalers in 35 states — has quietly been reworking its distribution network in more than a half-dozen markets across the U.S.
The Alcohol and Tobacco Tax and Trade Bureau (TTB) today announced it has accepted a $750,000 payment from Craft Beer Guild, LLC, a Massachusetts-based beer distributor, following its own investigation into allegations that the wholesaler violated state and federal laws prohibiting illegal inducements and unfair trade practices. According to a press statement issued by the TTB — which is responsible for enforcing the provisions of the Federal Alcohol Administration Act (FAA Act) — the Craft Beer Guild payment is the “largest offer in compromise” the agency has ever recovered from a single industry member for trade practice violations.
The transformation of Hi-Wire Brewing’s South Slope specialty brewery is finally complete. Over the last year, the Asheville, North Carolina-based company has worked to rededicate its original brewing space in downtown Asheville to the exclusive production of wild and sour beer.
Small Town Brewery made a splash last year when the company’s “Not Your Father’s Root Beer” product notched more than $104 million in off-premise sales. But the apparent novelty of drinking an alcoholic soda seems to have slowed in 2016; sales of the flagship root beer offering are down an astonishing 75 percent over the last four weeks, according market research firm IRI Worldwide. The company today announced the launch of a line of “classically brewed beers” under the “Not Your Father’s Taproom” moniker.
Founders Brewing — maker of the popular All Day IPA and coveted KBS brands — will expand distribution to the Pacific Northwest in 2017. The Grand Rapids, Michigan-based brewery announced Monday that it would extend its footprint to Washington, Oregon and Idaho through the Great Artisan Beverage network of wholesalers. “The Pacific Northwest has long… Read more »
The high end beer segment is poised to grow by 170 million cases over the next two years, according to Constellation Brands executive vice president Paul Hetterich. Speaking to more than 200 beer industry professionals attending the Beer Marketer’s Insights winter seminar, Hetterich, as well as leaders from Anheuser-Busch InBev and MillerCoors, discussed the consumer shift toward high end products and their companies’ strategies for competing in that segment.
In our latest distribution roundup, Upland Brewing expands to Boston; Forbidden Root inks agreements with Cavalier in Ohio and Florida and Ghostfish Brewing expands to Eastern Washington and Idaho.
Massachusetts’ love affair with New Belgium will begin just in time for Valentine’s Day. The Fort Collins-based, bike-friendly brewery announced today that it will begin distribution throughout the Bay State starting February 13, 2017. (The company has a second production brewery located in Asheville, North Carolina.)
