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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.
After a decade of leading Diageo, CEO Sir Ivan Menezes will retire as CEO and exit the company’s board of directors, effective June 30, the beer and spirits giant behind Guinness and Johnnie Walker announced today.
Columbia Distributing, one of the National Beer Wholesalers Association’s (NBWA) largest members, has resigned from the trade group “effective immediately.”
A federal jury has found that Constellation Brands’ production of products such as Corona Hard Seltzer and Modelo Ranch Water does not violate the company’s licensing agreement with Anheuser-Busch InBev (A-B).
Dutch beer giant Heineken N.V. has yet to halt sales of some of its brands in Russia, despite promises made in March 2022, due to local bureaucracy “beyond its control,” Reuters reported.
More consumers plan to celebrate St. Patrick’s Day this year compared to 2022, according to data insights firm Numerator.
Not content to rest on Modelo’s laurels as the country’s No. 2 beer brand, Constellation aims to continue to raise consumer awareness, which increased +43% in 2022, VP of brand marketing Greg Gallagher said. “We have a ton of room to grow and we’ll have to continue to find new ways to attract more drinkers,” he said.
It’s not a matter of if but when Modelo Especial will become the nation’s No. 1 beer brand in dollar sales, Constellation Brands Beer Division president Jim Sabia told wholesalers Tuesday during the company’s Gold Network Summit in Las Vegas.
After seven years at Boston Beer Company, CFO Frank Smalla will exit in mid-April, the company announced in an 8-K filing with the Securities and Exchange Commission.
Diageo North America is providing an additional $1.75 million in endowments to support Historically Black Colleges and Universities (HBCUs) and Minority-Serving Institutions. The additional funding is an expansion of the company’s initial $10M in endowments granted to 25 HBCUs in 2021, as part of Diageo’s commitment to inclusion and diversity.
Jon London has returned to Boston Beer Company as brand director of Angry Orchard, the hard cider brand he helped launch more than a decade ago.
The end of 2022 delivered a soft finish for the world’s largest beer manufacturer. In the U.S., Anheuser-Busch InBev’s depletions (sales-to-retailers) and shipments (sales-to-wholesalers) declined -7.6% and -8.6%, respectively.
Monster Beverage Corporation reported net sales growth of 13.9% to $6.31 billion – up from $5.54 billion the year before – in its Q4 and full year 2022 earnings report yesterday. The results arrive as the company pushes forward with its expansion into new beverage categories, including alcohol.
Hard MTN Dew, the flavored malt beverage (FMB) from Boston Beer Company and PepsiCo, is expanding its lineup for the first time since launching with Livewire, an orange citrus flavor inspired by the soft drink flavor of the same name.
Molson Coors has created a new commercial division for the U.S. and Canada that chief marketing officer Michelle St. Jacques will lead as chief commercial officer effective March 1, the company announced.
