According to a new study from market research firm IRI Worldwide, alcohol producers shouldn’t ignore Generation X or Baby Boomers in the chase for Millennials’ dollars. Released Tuesday, the study examines generational trends of U.S. alcoholic beverage consumers. The market research firm reported that Boomers (45 percent of overall beer, wine and spirits dollars) and Generation Xers (20 percent of all alcohol dollars) represent too great of a piece of the marketplace to ignore.
In its year-in-review released on Monday, the Brewers Association said more than 5,000 breweries were operating throughout the United States at the end of November.
Last week, more than 200 industry professionals converged on San Diego for Brewbound’s winter session, and videos from every main stage conversation are now available for viewing. If you weren’t able to watch this year’s conference, or if you were hoping to revisit individual presentations, here’s what you’ll find:
Citing volume limitations and a need to focus on its midwestern distribution footprint, Fat Head’s Brewery announced Friday that it would stop distributing to the Florida market next month.
Texas’ Deep Ellum Brewing has sold a majority stake to Storied Craft Breweries, an upstart growth capital group founded by the creators of Effen Vodka and led by beer industry veterans Steve Berg and Adam Lambert. Under the deal, Storied Craft Breweries will acquire a 56 percent stake in Deep Ellum, one of the fastest growing craft breweries in Texas, at least in part by buying out more than 20 minority partners from earlier investment rounds. The brewery will also receive $8 million in growth capital.
One day after naming Simon Thorpe the CEO of Pabst Brewing Company, chairman Eugene Kashper offered a window into the future of his company’s merger and acquisition strategy during Thursday’s Brewbound Session in San Diego. Thorpe, known for his M&A work as the former CEO of Duvel USA, where he was instrumental in purchasing Boulevard Brewing and Firestone Walker, will be tasked with “fine turning and fixing” Pabst’s partner strategy, Kashper said.
Border X Brewing used its Latino fusion flair to win the Brewbound’s Seventh Startup Brewery Challenge, held at the Paradise Point Resort in San Diego on December 1. Brewery founder David Favela beat out five other participants with his true-to-brand story and logo, his strong connections to the Hispanic community, and his contagious passion for bringing Latino-fusion brews to San Diego consumers.
Legalized marijuana is burning the craft beer business, according to Vivien Azer, Cowen and Company’s managing director and senior research analyst specializing in the beverage, tobacco and cannabis sectors. Speaking at the Brewbound Session today, Azer’s was just one of several voices that discussed a craft beer business that has experienced a decade of wild growth but has slowed in the past 18 months.
In an industry becoming more crowded and complex every single day, it’s important to look back at the accomplishments of brewers all fighting to stand out in a beer category that now includes nearly 5,000 companies. To recognize the achievements of some of these companies, Brewbound acknowledged the following recipients in the areas of philanthropy, marketing, collaboration, production innovation and overall business success. Winners of the 2016 Brewbound Awards were named during the Brewbound Session business conference, which took place on December 1, 2016 in San Diego, CA.
The Texas Alcoholic Beverage Commission is striking back against a ruling that had granted craft brewers the right to sell their distribution and territorial rights, according to the Dallas Business Journal.
We’re less than 24 hours away from the 2016 Brewbound Session in San Diego, and it’s time to introduce our presenters and judges for Startup Brewery Challenge 7, our on-of-a-kind business pitch competition presented by Craft Brew Alliance. Six craft brewery entrepreneurs who have been on the market for two years or less will take the stage tomorrow to show off their business plans, sample one core product offering and receive immediate feedback from a panel of five expert judges.
Three months after departing Duvel USA, beer industry veteran Simon Thorpe has been tapped as the new CEO of Pabst Brewing Company. Thorpe — whose career also includes stints with InBev, Crayola, Kellogg’s, Tambrands and Unilever — will take over the CEO position from Eugene Kashper, who will continue to serve as a principal owner and the full-time chairman of the Pabst board.
If Wesley Snipes were an investor in BrewDog, he’d probably give anyone considering the Scottish craft beer maker’s latest stunt a word of advice: always bet on black. BrewDog co-founder James Watt announced “BrewDog’s Big Bet” on Wednesday — a double-or-nothing bet of Equity for Punks USA investors’ money at a roulette table once its crowdfunding campaign concludes in February 2017. The event will be streamed through BrewDog’s Facebook site.
Nearly one month after being sued by beer importer Shelton Brothers for alleged “unfair and illegal” practices, Massachusetts-based beer distributor Craft Brewers Guild filed a motion to dismiss the lawsuit on Tuesday. The action stems from a November 4 lawsuit filed by Shelton Brothers, which claimed that Craft Brewers Guild’s illegal pay-to-play practices between 2013 and 2014 had cost the import company $1.7 million in potential sales.
