Sierra Nevada yesterday named Joe Whitney as the company’s first chief commercial officer. Whitney, who began with the company in 2006, had been serving as the vice president of sales. The announcement comes after a six month-long effort to create a senior leadership team that, according to Whitney, will be tasked with doubling production over the next decade and transforming the company into the largest independently-owned craft brewery in the U.S.
Online sales of alcoholic beverages in the United States are on the rise, and the industry is expected to generate $614 million in revenue this year, according to market research firm IBISWorld. Sales are expected to continue growing over the next five years, the firm said, as consumers who are too busy to shop in brick-and-mortar stores rely more heavily on making purchases with their smartphones and tablets.
New Holland Brewing Co. — maker of the popular Dragon’s Milk bourbon barrel stout series and Mad Hatter IPA — will begin distributing in the Pacific Northwest next month.
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 »
