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Molson Coors Beverage Company’s overall business remained in the red as the company closed its 2024 fiscal year. However, the fourth quarter showed improvement over the double-digit declines reported in Q3, and leadership is confident the company can return to growth in 2025, according to Molson Coors’ earnings call today with investors and analysts.
Just like the Kansas City Chiefs, draft beer also took an L in Super Bowl LIX. Draft beer volume declined -4.6% nationwide on Super Bowl Sunday, according to on-premise insights firm BeerBoard.
Tilray Brands is moving large-scale production from Revolver Brewing’s facility in Granbury, Texas, to other facilities, the company confirmed in a statement to Brewbound. Revolver’s Texas location “will continue to operate, focusing on unique and innovative brews, and the taproom will remain open.”
Wilsbach Distributors (Harrisburg) has acquired Brewery Products Company (York), increasing Wilsbach’s volume 50% and “expanding and streamlining” the company’s distribution rights across its South Central Pennsylvania footprint, Wilsbach president Frank Sourbeer Jr. shared on LinkedIn over the weekend.
Anheuser-Busch InBev (A-B) will sell one brewery and shutter another two, the company announced today.
Molson Coors told distributors last week it would disband its Northeast region and close the region’s New Jersey office. The company plans to fold “all frontline distributor- or retailer-facing roles” into an expanded East region, keeping those roles intact.
Two months into his tenure as president and CEO, Rahul Goyal’s plans for Molson Coors’ future are becoming clearer. Those plans point to the company being in the market for a needle-moving spirit-based ready-to-drink (RTD) brand, committed to turning around Blue Moon Belgian White trends and building marketing campaigns around encouraging consumers to go out and socialize over beers.
Alex Carreteiro has been named president of Heineken’s Americas business, the Dutch brewing company announced last week. Carreteiro, who will take the position on March 1, will fill the vacancy left by Marc Busain, who left the company in October to become CEO of Lipton Teas and Infusions.
Anheuser-Busch InBev (A-B) will acquire a majority stake in party punch maker BeatBox for approximately $490 million, the company announced today.
Both draft (-10%) and packaged beverage-alcohol (-14.9%) suffered double-digit volume declines in the on-premise on the night before Thanksgiving, according to market research firm BeerBoard.
Two former Boston Beer Company employees are pursuing a class-action lawsuit, alleging the Twisted Tea maker skirts Massachusetts law by paying departing workers $3,000, minus taxes, instead of “garden leave” or other compensation, while enforcing restrictive noncompetition agreements.
Yuengling is headed to Iowa and Wisconsin in 2026. The addition of new states for the U.S.’s oldest brewery was teased with cryptic billboards in both Midwestern states stating “The Drought Ends Soon.” The official news dropped Monday.
Tilray Brands’ approved reverse stock split is set to take effect Monday afternoon following the close of the market, the company announced last week. The 1:10 reverse split will reduce the number of shares of common stock of Tilray from 1.16 billion to 116 million.
Anheuser-Busch InBev’s will-they, won’t-they $700 million acquisition of party punch maker BeatBox is still awaiting an answer. However, Dan Wandel, Bump Williams Consulting chief strategy officer, indulged what a combination of the two companies would mean for high ABV (8% and up) and flavored beverage-alcohol.
Pike Brewing (Seattle, Washington) will close Pike Pub and Pike Fish Bar, both located at the city’s iconic Pike Place Market, it announced this week. Details of Molson Coors chief commercial officer Michelle St. Jacques’ separation from the company were laid out in a Form 8-K filing Thursday with the U.S. Securities and Exchange Commission.
The Siebel Institute of Technology, one of the leading brewing schools in the country, will leave Chicago and move to Montreal on January 1, it announced Thursday.
Tilray Brands CEO Irwin Simon’s visits to college campuses and venues across the U.S. “suggest there’s more price sensitivity” influencing the decline in consumption.
