Big Beer

After nearly nine months of an ugly public legal battle, Sean “Diddy” Combs and Diageo have settled disputes over allegations from the music mogul that the brands he collaborated with Diageo on— Cîroc Vodka and DeLeon Tequila— received worse treatment because of his race.

Constellation Brands overtook Molson Coors as the No. 2 beer category vendor by dollar sales in multi-outlet grocery and convenience stores (MULO+C) in 2023, according to market research firm Circana, which shared its year-end report. Constellation grew off-premise dollars by $1.092 billion to $8.446 billion through December 31.

Two Roads Brewing Company has elevated two executives on its sales and marketing teams: Collin Kennedy to VP of marketing and Brian Duprey to VP of national accounts.

Japanese brewing giant Asahi aims to reach 1 million hectoliters – more than 850,000 barrels – in production in the medium-term following its acquisition of Wisconsin contract producer Octopi Brewing. Victoria Segebarth, managing director of EMEA & Americas at Asahi Europe & International, discussed the company’s plans for Octopi’s facility in Waunakee, Wisconsin, the acquisition… Read more »

The beverage alcohol division of Canadian cannabis giant Tilray grew revenue +117%, to $46.5 million, in the second quarter of the company’s fiscal year compared to the same quarter last year, the company reported Tuesday. However, the division’s gross margin declined -13% year-over-year (YoY), to 34%, in the quarter, driven by Tilray’s acquisition of eight… Read more »

Constellation Brands has raised its full-year operating income guidance for its beer brands to +7% to +8% (previously +6% to +7%), following another quarter of shipments and depletions growth, the company reported today in its Q3 earnings results.

Martignetti Companies has closed on its acquisition of Quality Beverage, according to a press release. Financial terms of the deal, which was announced in April 2023, were not disclosed.

Chief economists Bart Watson (Brewers Association) and Lester Jones (National Beer Wholesalers Association) spent much of the past couple years staving off fears of a recession and preaching about how beer is “economically resilient.”

The fallout surrounding the conservative-led boycott of Anheuser-Busch’s (A-B) Bud Light brand and the accelerated declines that ensued accounted for three of Brewbound’s top stories of 2023. The internal machinations at A-B, including a reshuffling of its craft division, also piqued Brewbound readers’ interests. As we close out the year, here’s a look back at the 10 most-read stories of 2023.

Constellation Brands and Molson Coors are expected to annex more shelf and cooler space in convenience stores following the upcoming spring 2024 resets, according to Goldman Sachs Equity Research’s recent Beverage Bytes survey.

Nearly 5,000 Teamsters members across Anheuser-Busch InBev’s U.S. facilities have voted to authorize a strike if a new contract is not in place when the current one expires on February 29.

Ty Gilmore, president of Tilray Brands’ U.S. beer division, estimated that he receives around two to three calls a day from potential sellers looking to join the Canadian cannabis firm’s craft brewery platform.

Having helped engineer the hard seltzer boom, Mark Anthony Brands’ White Claw is going soft.

Boston Beer Company is adding another non-alcoholic (NA) brand to its portfolio, expanding a ready-to-drink (RTD) offering and discontinuing another.