Iconic Portland, Maine craft brewery Allagash returns to Florida for a limited time; Carlsberg and Marston’s announce proposed JV; April domestic tax paid Shipments decline 4.9%; judge approves bid for bankrupt Craftworks; and more headlines from the week.
The near-nationwide shutdown of the on-premise channel will result in a loss of $8 billion for the beer industry if it continues into June, National Beer Wholesalers Association chief economist Lester Jones said during a State of the Industry webinar hosted by the NBWA and the Beer Institute (BI).
German officials today cancelled the country’s famed Oktoberfest celebration due to concerns about the COVID-19 pandemic. The California Craft Brewers Association — a nonprofit trade group that represents the interests of the state’s craft brewers — announced today the cancellation of its “Craft Beer Summit,” which was scheduled for September 9-12 in Long Beach.
The beer industry has been deemed essential under guidelines from the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA), something the heads of beer trade associations worked to secure.
The U.S. House of Representatives passed the $2.2 trillion stimulus package Friday afternoon and sent the bill to President Donald Trump, who signed the bill into law at 4 p.m. ET in the Oval Office. U.S. brewers shipped 11,350,000 barrels in February, a decline of 0.7% compared to February 2019, according to national trade group the Beer Institute.
Ball Corporation has added production of 32 oz. crowler cans and expects to have a supply ready to hit the market in two days. The U.S. Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security Act, the $2 trillion stimulus package to aid the public health and economic crisis caused by the COVID-19 pandemic. Deschutes Brewery founder Gary Fish told the Bend Bulletin that the company has laid off about 60% of its staff.
As the coronavirus disease known as COVID-19 spreads across the U.S., beer companies are adjusting their businesses for a reality in which being social is discouraged. Many companies are bracing for a downturn in on-premise business, including brewery taprooms.
The crowd-sourced fund to support the families of victims of the shooting at Molson Coors Brewing Company’s Milwaukee campus last month has topped $1.1 million. The fund, which reached $1,178,770 as of press time, was set up on behalf of the National Compassion Fund, a program of the National Center for Victims of Crime. All funds collected will go directly to the families of the five victims.
Long-time brewmaster Andy Schwartz has landed the top brewing job at Milford, Connecticut-based Dockside Brewery. Milford, Delaware-based Mispillion River Brewing has hired Claus Hagelman as its new director of sales. Non-alcoholic craft brewery Athletic Brewing has hired Rosalie Kennedy as its first marketing manager.
Federal excise tax (FET) relief for makers of beer, wine and spirits is locked in place through the end of 2020. President Donald Trump today signed into law a tax extender package that includes the Craft Beverage Modernization and Tax Reform Act (CBMTRA), which passed both chambers of Congress this week.
Beer, wine and spirits companies are a signature away from another year of federal excise tax relief. The U.S. Senate today passed a tax extender package that includes a one-year extension of the tax relief in the Craft Beverage Modernization and Tax Reform Act (CMBTRA) that was slated to expire at the end of 2019.
Leaders in the House Ways and Means and Senate Finance committees reached a tax deal late Monday that includes a one-year extension of the federal excise tax relief for alcohol producers and importers.
Samantha Roth left her post as director of corporate communications for Anheuser-Busch InBev in November to become the vice president of communications for the National Football League. North Coast Brewing has hired longtime wine executive Jeffrey Ottoboni as its next CEO.
A survey commissioned by the Beer Institute (BI), a national trade group advocating for the U.S. brewing industry, found that 68% of respondents were in favor of extending the federal excise tax relief that was put in place in 2017, but slated to expire at the end of the year. Quadrant Strategies conducted the survey of 1,000 legal drinking age adults for the BI earlier this month.