The once-booming flavored malt beverage (FMB) segment is “showing some concerning declarations over recent weeks,” Bump Williams Consulting (BWC) founder Bump Williams noted in a recent report. FMB volume gains dropped by half – from +2.2%, to +1.1% – from the four-week period to the one-week period ending May 18, according to NIQ retail measurement data cited by BWC.
Following a flood of news last week, the Brewbound team recaps the latest major headlines, including a billionaire purchasing Anchor, Boston Beer sale rumors and Monster shutting down operations of another brewery in Texas.
Memorial Day bev-alc shopping “broadly met or exceeded distributor expectations,” according to Goldman Sachs analyst Bonnie Herzog in the investment management firm’s latest Beverage Bytes survey of distributors and retailers.
The Brewers Association (BA) separated contract-brewed and alternating proprietorship (alt prop) small breweries for the first time in this year’s compilation of craft production in the May/June issue of New Brewer Magazine.
The Federal Trade Commission (FTC) is preparing a lawsuit against Southern Glazer’s Wine and Spirits, the nation’s largest alcohol distributor, over its pricing practices, according to a Politico report published yesterday.
Adam Beauchamp was named CEO of Creature Comforts last week, a decade after helping found the Athens, Georgia-based craft brewery. Beauchamp discussed his plans for the brewery moving forward, its growth drivers and opportunities ahead.
Jinx Drinx is a new ready-to-drink cocktail that that comes in a pouch with patent-pending packaging that includes a sealed-in straw to mitigate drink tampering and drink and drug-facilitated sexual assault.
The years-long legal battle between members of the Sheehan family over their eponymous multi-state distributor officially ended today in Massachusetts Superior Court when all parties agreed to dismiss the case with prejudice.
Suntory Holdings has denied a Wall Street Journal report that Boston Beer was in talks to sell to the global spirits giant.
Brewbound continues to dive into 2023 craft beer production trends from the Brewers Association’s (BA) May/June issue of New Brewer Magazine. Brewbound previously covered top 50 craft, regionals beyond the top 50 and big beer craft. Now, a look at some of the trends in craft’s smaller subsets – taprooms, microbreweries and brewpubs:
Everyone, meet MAS+! No, it’s not a new streaming service that we don’t need . . . rather, it’s a new “hydration product” that we don’t need. Yes, that’s the name that Lionel Messi and the folks at MARK ANTHONY chose for his forthcoming beverage, which translates to “More Plus” by Messi.
Breaking news: 🚨 Anchor Brewing Sold; Creature Comforts CEO Swap; Boston Beer Rumored Sale Talks
Creature Comforts co-founder Chris Herron is stepping down as CEO of the Athens, Georgia-based craft brewery. Co-founder Adam Beauchamp will take over the role.
Anchor Brewing’s future was revealed today with the announcement that Hamdi Ulukaya, the billionaire founder and CEO of yogurt and dairy brand Chobani, has acquired the craft brewery and its 2.17 acre property in San Francisco’s Potrero Hill neighborhood, according to The San Francisco Standard.
