In this week’s edition of Last Call: Alvarez & Marsal reaches an agreement to sell DME Group’s main business; lawmakers threaten to limit dates for Boston beer gardens; and the U.S. House introduces the Craft Beverage Modernization and Tax Reform Act.
With tax breaks for alcohol producers set to expire at the end of 2019, the push to make excise tax relief permanent officially started today as the Craft Beverage Modernization and Tax Reform Act (CBMTRA) was reintroduced into the U.S. Senate by Sens. Ron Wyden (D-OR) and Roy Blunt (R-MO).
In this week’s edition of Last Call: Asahi announces plans to acquire London Pride maker; U.S. beer shipments decline in 2018; Charlie Papazian exits the Brewers Association; Clare Rose lays off 14 employees; and more industry news.
In this week’s edition of Last Call: Cargill unloads its malt business; domestic beer shipments decline 6 percent in November; Canopy Growth eyes the U.S. market following the Farm Bill signing; the Arcadia auction is postponed; and more industry news.
In this week’s edition of Press Clips: Reyes buys the Constellation Brands portfolio from Ace; beer shipments are down 2.1 percent in 2018; the U.S. brewery count eclipses 7,000; Utah mandates tests to ensure 3.2 ABW; and more.
In this week’s edition of Last Call: Constellation Brands seeks $3 billion for U.S. wine brands; the New York Prohibition Party seeks alcohol ban; BrewDog takes to the skies; and another wave of brewery closures hits.
In an effort to curb beer’s dwindling share of the broader alcohol market, three major trade associations — the National Beer Wholesalers Association (NBWA), the Brewers Association (BA) and the Beer Institute (BI) — have formed a group tasked with improving the health of the beer segment. During the NBWA’s annual convention Monday, outgoing chairman Jim Matesich announced the the formal launch of the “Beer Growth Initiative.” The effort is being spearheaded by alcoholic beverage consultancy Tamarron, along with leaders from the NBWA, BA and BI who are serving on a steering committee.
In this week’s Press Clips: Anheuser-Busch plans to feature NBA and MLB athletes in ad campaigns; Celis Brewery assumes sales responsibilities for Uncle Billy’s and Pedernales brands; the Beer Institute releases domestic tax paid estimate for August; and more news.
In this week’s edition Last Call: Heineken takes a minority stake in a Chinese beer giant; ZX Ventures makes an e-commerce play in Australia; Toppling Goliath sues its former brewer; and more news from the week.
A month after a bipartisan group of Congressional members called on the Department of Justice (DOJ) to investigate potential irregularities in the aluminum market, Platts, the group responsible for helping set the price of the metal purchased by thousands of U.S. beer companies, has vowed to offer greater transparency into current price assessments. Platts, which is owned by Standard & Poor’s and bills itself as “the leading independent provider of information and benchmark prices for the commodities and energy markets,” last week announced that it would begin publishing alternative pricing for non-tariffed aluminum and domestically available scrap, starting August 1.
In this week’s edition of Last Call: Pabst and MillerCoors are headed to trial in November; Amazon adds beer delivery in Texas; the Florida Brewers Guild claims big beer is pushing small brands out of Publix; and more news.
A bipartisan group of Congressional members have called on the Department of Justice (DOJ) to investigate potential irregularities in the aluminum market, which they say are causing the price of the metal used in beverage cans to surge. In the letter to Attorney General Jeff Sessions, U.S. Rep. Ken Buck (R-CO) and 31 additional congressional members pointed to “sharp increases” in the Midwest Premium — which represents the full logistics costs of shipping and storing metal in the U.S. — as the potential cause of aluminum pricing irregularities.
Beer companies haven’t effectively marketed to women, and they’re leaving a lot of opportunity for increased sales on the table, according to Bridget Brennan, CEO of Chicago-based consulting group the Female Factor. “We can’t underestimate that there has been, from a beer industry standpoint, a 150-year head start in marketing the product to guys as a guy’s product,” she told industry stakeholders who attended the Beer Institute’s annual meeting in Milwaukee, Wisconsin, this week.
North American sales of cannabis are expected to grow to $24 billion by 2021, Jessica Lukas, vice president of consumer insights at BDS Analytics, shared during the final day of the Beer Institute’s annual meeting in Milwaukee, Wisconsin. That figure, she added, doesn’t account for a potential end to the federal ban on marijuana in the United States.