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Southern Glazer’s Wine & Spirits’ ambitions for Anheuser-Busch InBev’s portfolio aren’t limited to New York. The wine and spirits juggernaut has struck another deal for a red network distributor, this time for the assets of Eagle Rock Distributing Co. in Colorado.
Molson Coors has struck a deal to acquire spirits-based, ready-to-drink (RTD) cocktail pioneer Atomic Brands, whose Monaco Cocktails entered the then-nascent space in 2012. The deal should come as no surprise, as it aligns with Molson Coors’ goals to expand its beyond beer portfolio, part of the Horizon 2030 plan CEO Rahul Goyal outlined earlier this year.
A pair of big red network distribution deals were announced in the last 24 hours. Anheuser-Busch InBev has agreed to purchase the distribution rights of its brands, as well as “certain craft/NA brands,” from Advance Beverage Company in Bakersfield, California. Meanwhile, Southern Glazer’s Wine & Spirits inked a deal for independent A-B distributor Clare Rose on Long Island.
Boston Beer Company has appointed Philip Hodges chief supply chain officer, according to an 8-K filing, submitted to the U.S. Securities and Exchange Commision last week.
Constellation Brands is exiting the craft beer business. Constellation, which has found success with Mexican import brands Modelo, Corona and Pacifico, said it will divest of its craft and specialty division to refocus its efforts on its core brands. As such, Funky Buddha Brewery in Florida and Four Corners Brewing Co. in Texas will return to their respective original founders.
Production at craft breweries falling outside of the Brewers Association’s (BA) craft brewer definition collectively declined -4% on a comparable basis, to more than 8.68 million barrels in 2022, according to data shared by the trade group in the May/June edition of the New Brewer Magazine.
Boston Beer Company’s promised refresh of Truly Hard Seltzer started hitting shelves this spring, with new packaging, real fruit juice and new campaigns designed to communicate a “clearer message” to consumers.
After its request for a conversation with Anheuser-Busch InBev (A-B) leadership last month went unanswered, the Human Right Campaign (HRC) has suspended the perfect 100 score it gave A-B on its 2022 Corporate Equality Index (CEI), which will prohibit the company from using the organization’s designation as one of the “Best Places to Work.”
Alec Mull is returning to Bell’s Brewery as general manager of the Comstock, Michigan craft brewery’s 600,000 barrel facility. Mull will work with Bell’s executive leadership team to oversee the daily operations of the facility and craft new beers to add to the brewery’s portfolio, the company announced today.
A month and a half after conservative outrage directed at Bud Light began, right wing social media has turned its attention to Miller Lite after a months-old commercial for the brand resurfaced.
Constellation Brands has acquired a minority stake in TÖST, an alcohol-free sparkling beverage brand, the company announced yesterday.
Molson Coors will cross the Chicago River next summer when its global headquarters moves to a new location at 320 S. Canal Street.
Boosted by triple-digit growth from its nascent alcohol division, Monster Energy beat analysts’ predictions in reporting an 11.9% year-over-year rise in net sales in its Q1 2023 earnings report on Thursday afternoon.
Ball Corporation reported that global beverage can shipments declined -6.7% in the first quarter of 2023. For the full year, the can manufacturer is estimating that its global volume growth will be in the “low-single digits,” with volume in North America “slightly down.” Leaders discuss need for beer companies to launch promotions.
Anheuser-Busch InBev (A-B) reported a +13.2% increase in total revenue and a +0.9% increase in total volume worldwide for the first quarter of 2023.
Molson Coors recorded both top- and bottom-line growth – in addition to volume declines – in Q1 2023, the company announced today.
Twisted Tea continues to be one of the few Boston Beer Company offerings in the green, and the company doesn’t see that changing anytime soon, leadership shared during Thursday’s Q1 2023 earnings call with investors.
