Spindrift is in advanced talks to be acquired by a private equity firm for north of $650 million, according to a report in The Wall Street Journal.

The total beer category lost the most share of overall beverage dollars at off-premise retailers year-to-date through late September, according to NIQ data shared by Bump Williams Consulting (BWC). Beer – which includes flavored malt beverages (FMB), hard seltzer and hard cider – lost -0.5 sharepoints for the 39-week period ending September 28.

The Brewbound team returns from Thanksgiving breaks to discuss the pre-turkey day news dump, including Molson Coors’ agreement to purchase the intellectual property of Cruz Blanca and why the Mexican-inspired, Chicago-produced brand is now on the clock.

Constellation Brands its weighing its options in the face of proposed 25% tariffs on goods imported from Mexico and Canada under the incoming second Trump administration. CFO Garth Hankinson discussed the company’s position during a fireside chat with managing director Dara Mohsenian at the Morgan Stanley Consumer and Retail Conference on Tuesday.

Draft beer recorded its third consecutive year-over-year (YoY) volume decline on Thanksgiving Eve, according to on-premise, draft-centric data firm BeerBoard.

Molson Coors measures Blue Moon against the total industry, not just craft, CEO Gavin Hattersley explained Tuesday during the Morgan Stanley Global Consumer and Retail Conference. “We don’t measure it on craft because craft’s really struggling at the moment. And so we’re measuring success with Blue Moon on the total industry,” Hattersley said. “And on… Read more »

Brewbound Insiders are reading details of Constellation Brands’ latest divestment in its wine and spirits division, with the sale of Svedka Vodka to Sazerac. Insiders are also diving into the latest weekly scan data from Circana; reading about the closure of Cisco’s Portsmouth taproom; and catching up on several job changes.

We’re just 8 days away from the 2024 Brewbound Live business conference in Marina del Rey, California. Industry leaders will gather for two days of business conversations, networking and relationship building on December 11 + 12. To foster networking time in a casual setting, we’re hosting two Brewbound Live parties filled with beer, booch and business conversations.

Constellation Brands has reached an agreement with spirits giant Sazerac to offload its Svedka Vodka brand, the company announced today. The sale, which is expected to close “in the coming months,” is part of Constellation’s plan to premiumize its wine and spirits business, which have not kept pace with the gains its beer portfolio of Mexican imports has delivered.

The pub at Cisco Brewers’ complex in Portsmouth, New Hampshire, has closed, the brand announced last week.

Draft beer considerably outperforms package in on-premise outlets that offer both options, according to a report released today by Draftline Technologies and CGA, the on-premise arm of market research firm NIQ.

Folks, we’ve had a lot of advancements in craft beer over the years (flaked oats – who knew?), but like many other sectors in life, the folks north of the border are showing us how it’s done. ONTARIO RACING is celebrating the release of a new UNFILTERED documentary project by partnering with local brewery AVLING to finally create a beer so that you too can feel like a horse when having a cold one.

The Brewers Association announced the results of its board of directors election today. Three candidates were elected to serve three-year terms starting February 2025.

Molson Coors has acquired Cruz Blanca, the Chicago-based, Mexican-inspired beer brand, Brewbound has confirmed.