When Golden Road Brewing co-founders Meg Gill and Tony Yanow wrote their first business plan, initial forecasts called for 60,000 barrels of beer by year five. Now, midway through its fourth full year, the brewery is on pace to sell 45,000 barrels, and it will likely exceed the 60,000 barrel threshold in 2016, Gill told Brewbound. So, with the expiration date on its first five-year plan just 18 months away, we checked in on the company’s plans the next phase of growth.
What’s a cheeseburger in paradise without a beer? Maui Brewing, in its plans to open its first Oahu location next fall, is set to take over the space currently occupied by Jimmy Buffett’s at the Beachcomber, reports the Star Advertiser.
Deschutes Brewery today announced it has signed new distribution agreements with Horizon Beverage Company and Markstein Sales Company, for coverage throughout Alameda and Contra Costa counties in the San Francisco Bay Area.
Talk about making an entrance. MillerCoors’ newly appointed interim CEO Gavin Hattersley — who currently serves as both the CFO of Molson Coors and replaced outgoing MillerCoors CEO Tom Long on Wednesday — had been in charge for just 24 hours when he told two of the company’s top executives to hit the bricks.
Fresh off a $7 million expansion, San Francisco’s Magnolia Brewing has appointed food and drinks industry veteran John Appel to fill the role of CFO, a newly created position with the company.
Even if you offered Eric Wallace $1 billion, he says, he wouldn’t sell Left Hand Brewing Company — the Longmont, Colo. craft brewery he co-founded in 1993 — to a private equity firm. Instead, he just entrusted more than half of it to his employees. That makes his semi-utopian business philosophy a bit more believable.
While preparing to build out its first large-scale production facility on American soil, the Scottish craft beer stalwart BrewDog is also working out plans to retake control of its U.S. distribution. Anchor Brewing, which has imported the BrewDog brand since 2010, has agreed to sell back the company’s distribution rights for an undisclosed sum, Anchor CEO and co-owner Keith Greggor told Brewbound.
Colorado’s Left Hand Brewing will join a growing list of craft brewers opting to sell at least a portion of their companies back to employees. The Longmont-based craft brewery today announced it has finalized the repurchase of common shares from current stockholders and established an employee stock ownership plan (ESOP).
MillerCoors is rolling out a new set of print and billboard ads aimed at educating consumers about its company vision and values. The “We Stand for Beer” campaign is set to launch on July 6 in eight U.S. markets where the company operates brewing facilities, including Golden, Colo., Irwindale, Calif., and Fort Worth, Tex., among others.
Surprise, Surprise – sales of craft beer and cider continue to outpace other segments, up more than 20 percent and 34 percent, respectively, through June 14 in IRI Worldwide’s multi-outlet and convenience store universe (which includes grocery, drug, Wal-Mart, club, dollar, mass-merchandiser and military stores). The craft segment currently comprises more than 8 percent of total beer dollar sales, according to the research firm.
It’s official: Scottish craft brewery BrewDog today announced plans to invest $30 million in the construction of its U.S. brewing facility, which the company has said will be located in Canal Winchester, Ohio.
After completing an “extensive” internal and external search, Duvel Moortgat USA yesterday announced Bobby Dykstra as its new vice president of the sales. Dykstra, a 12-year beer industry veteran, takes over for Steve Mills, who left to become CEO of Uinta Brewing earlier this month.
In the last 16 months, Anheuser-Busch InBev has acquired three craft breweries in three key beer states. The question on nearly every craft brewer’s mind is “what’s the strategy?” Andy Goeler, A-B InBev’s CEO of Craft, is the man tasked with shepherding all of these newly acquired brands. Over the last four months, Brewbound has asked Goeler, on multiple occasions, to elaborate on the company’s dealings in craft.
Earlier this week, Dogfish Head Craft Brewery persuaded a Rehoboth Beach land-use board to let the company tear down and reconstruct its brewpub in the city, overruling an earlier rejection of the brewery’s plans to do so, reports Delaware Online.
