Owned by employees and powered by wind, New Belgium has long touted its commitment to the social good. The latest designation the company is after, though, is one that has been seemingly celebrated and challenged in equal measure. New Belgium is in the process of becoming non-GMO verified.
Shares of Craft Brew Alliance (BREW) plunged today following yesterday’s after-hours release of weaker than expected second quarter earnings. During a quarterly earnings call, CEO Andy Thomas tried his best to reassure investors that the company’s performance in home markets, and its continued investment against a long-term strategy of improving gross margins, were bright spots in an otherwise disappointing three-month period.
Craft Brew Alliance today released its second quarter earnings results, which were highlighted by flat year-to-date depletion growth against a comparable six-month period last year, leading to disappointing topline growth.
It took 18 months, but Port Brewing/The Lost Abbey has finally bought out its disgraced former CFO, James Comstock. Comstock, a founding partner in the Port Brewing/Lost Abbey business, was arrested on Dec. 18, 2013 on charges that he took more than $200,000 from a San Diego-area nonprofit, ArtSplash, where he served as treasurer. Following his arrest, Comstock was immediately let go from the beer company and eventually pleaded guilty to embezzlement charges last July. He was sentenced to three years probation.
Since its launch in mid-2013, Modern Times Beer has been in a constant and neverending state of growth. After opening the doors to its production facility in the Point Loma area of San Diego, the company quickly began making plans for a separate off-site taproom in the craft-centric neighborhood of North Park.
Anheuser-Busch InBev just announced a pair of wholesaler transactions in Colorado that will give the world’s largest beer company direct access to a majority of the state’s population and a distribution foothold across nearly half of the state’s geography. In a statement, Bob Tallett, A-B InBev’s vice president of business and wholesaler development, said the company has agreed to purchase American Eagle Distributing in Loveland, Colo. for an undisclosed sum.
It seems there’s always another rumor of a top-50 craft brewery sale. Today, Lagunitas made a Reuters headline that suggested the country’s fastest-growing craft brewery is currently exploring “strategic options, including the sale of an equity stake.” Citing “people familiar with the matter,” the news outlet said the company is working with Wells Fargo &… Read more »
How do you stand out from the 94 different beer companies fighting for attention in San Diego’s crowded craft scene? You reach for the hard stuff. Living up to its unofficial “we make what we like to drink” motto, this month Ballast Point will introduce four new, ready-to-drink canned cocktails that feature the company’s distilled spirits, including Three Sheets Rum, Fugu Vodka and Old Grove Gin.
The Cicerone Certification Program, the world’s top certification program for beer servers and other industry professionals yesterday announced the creation of a new advanced level course for those looking to further their knowledge on beer flavors, styles and service.
After connecting with nearly 200 beer industry professionals at our Brew Talks CBC event earlier this year, we knew we had to get back to Portland, Ore. for another evening of business discussion and networking. That’s why we’re so excited to announce our return to the City of Roses on August 19 for round 2 of Brew Talks, this time hosted by Widmer Brothers Brewing at the home of the Portland Timbers — Providence Park.
The prominent Pacific Northwest beverage wholesaler Columbia Distributing will expand into California with the acquisition of Mesa Beverage Co., the company announced Friday. Columbia, which, although based in Portland, Ore. is owned by San Francisco family office The Meritage Group, said it would purchase all assets of the 4-million case Santa Rosa, Calif. wholesale
David Logsdon, a lifelong beer industry entrepreneur and the founder of Oregon’s Logsdon Farmhouse Ales, has agreed to sell a significant stake in his brewery to three new partners, Brewbound has learned. Reached by phone, Logsdon said that he and the company’s five additional partners have verbally agreed to a deal that would reshape the company’s current ownership structure.
Jim Koch, founder and chairman of the Boston Beer Company, told the Wall Street Journal that he would “likely be the last American owner” of the brewery that produces the iconic Samuel Adams lineup.
Boston Beer Company today reported second quarter net revenues of $252.2 million, indicative of a 9 percent increase over the same time period last year. Depletions grew as well, up 6 percent and 7 percent from comparable 13- and 26-week periods in 2014.
