Read the latest beer industry news relating to Big Beer including earnings reports and updates from key players such as A-B Inbev, Molson Coors, Constellation Brands, Heineken, Diageo, Boston Beer, and others. Explore market trends, global expansion efforts, and strategic partnerships within the beer industry.
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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.
Employees of Anheuser-Busch InBev-owned Platform Beer Company’s taproom in Columbus, Ohio, walked out en masse on Saturday, February 27, citing unsafe working conditions, according to social media posts.
“As a global pandemic ravaged the world, the country, the state and our very own city, Platform’s handling of the situation — and the praise for its employees — has been almost entirely performative,” the staff wrote in a letter that was shared online.
Anheuser-Busch InBev may be looking inward for a possible successor for CEO Carlos Brito. According to Bloomberg News, Michel Doukeris, CEO of A-B’s U.S. business, is the front-runner to succeed Brito.
Anheuser-Busch InBev’s 2020 global revenues declined 3.7%, to $46.8 billion, driven by the continued impact of the COVID-19 pandemic in what was “undoubtedly a difficult year for our colleagues and our business,” CEO Carlos Brito said during a call with investors and analysts Thursday to discuss the company’s Q4 and full-year 2020 earnings. “While we… Read more »
Heineken USA showed off a slate of innovations that will begin rolling out in retailers this spring — including what CEO Maggie Timoney called its latest crown jewel, Dos Equis Ranch Water Hard Seltzer — during its spring meeting with wholesalers this week.
Truly Hard Seltzer boosted Boston Beer Company’s 2020 revenue to $1.74 billion, but production of the popular bubbly beverage remains a drag on the company’s gross margins, the company reported during its full-year and fourth quarter earnings report Wednesday.
Boston Beer Company’s sales increased 38.9% in 2020, generating $1.74 billion in revenue, according to the company’s earnings report released Wednesday afternoon.
Boston Beer Company announced a truly sweet round of bonuses for its top executives last week, as well as their 2021 salaries. The SEC filing also revealed that Boston Beer hired consulting firm Frederic W. Cook & Co. last year to review the total compensation being paid to CEO Dave Burwick.
Pointing to on-premise closures and capacity restraints due to the COVID-19 pandemic, Molson Coors Beverage Company posted net sales declines for both the full year and the fourth quarter of 2020.
In reporting full-year 2020 earnings today, Heineken NV announced plans to cut its global workforce by 8,000 full-time employees as part of a reorganization plan first announced in October. Heineken, the world’s second largest beer manufacturer, also recorded several impairment charges totaling more than $1.1 billion (€963 million) to “tangible and intangible assets in operating profit.”
Stella Artois lager will no longer be imported from Europe into the U.S. by the end of the year, Anheuser-Busch InBev announced today. The world’s largest beer manufacturer will move production of its biggest import brand to its U.S. facilities as part of a $1 billion investment the company is making in its U.S. operations over the next two years.
Anheuser-Busch InBev will invest $1 billion over the next two years in its U.S. facilities, with part of the investment directed at improving its hard seltzer production capabilities.
Anheuser-Busch is dipping into Bud Light’s past for the light beer brand’s 2021 Super Bowl ad.
San Francisco-based Anchor Brewing opted to give itself a makeover as a 125th birthday gift. Ballast Point has revealed new packaging art that has already begun rolling out to retailers. Granbury, Texas-based Revolver Brewing will roll out new artwork for its core offerings this spring. Anheuser-Busch InBev-owned Blue Point Brewing debuted a new logo and branding that will replace art that the Patchogue, New York-based craft brewery has been using for four years.
Anheuser-Busch InBev will use some of its 4 minutes of Super Bowl ad time to push one of its big hard seltzer bets of the year: Bud Light Seltzer Lemonade.
