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.
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.
BeatBox, the cross-category party punch producer, is reportedly discussing a potential acquisition with Anheuser-Busch InBev (A-B), according to a story by the Wall Street Journal. Citing unnamed “people familiar with the matter,” the WSJ estimated the deal at $700 million, but couched that negotiations could “fall apart.”
Craft beer’s off-premise losses accelerated in October, according to the most recent monthly report from market research firm Circana. In multi-outlet grocery, mass retail and convenience stores (MULO+C), craft’s dollar sales have declined 4.5% and volume, measured in case sales, declined 6% year-to-date (YTD) through November 2, according to Circana.
The top growth beer brand in the on- and off-premise right now isn’t an innovation product designed by an R&D team that religiously studies consumer trends. It’s a non-Mexican import that was founded in the 18th century: Diageo-owned Guinness.
Halloween is officially logged in bev-alc scan data and there’s no reason to be afraid, Circana EVP of BevAl Scott Scanlon wrote. During the week ending November 2, total beverage-alcohol dollar sales declined 2.3% year-over-year (YoY), but increased 4% week-over-week (WoW).
Diageo has tapped Sir Dave Lewis to lead the Guinness parent into its next chapter, ending a months-long search following former CEO Debra Crew’s departure in July.
Molson Coors president and CEO Rahul Goyal has plenty on his plate in his first month in the top spot, having taken over for Gavin Hattersley in October, but he’s added one more responsibility to his list: Beer Institute (BI) board chairman.
Cigar City Brewing (CCB) will shutter its taproom and facility on Tampa’s Spruce Street next year when its lease ends and move into the Ybor City space currently occupied by Cigar City Cider & Mead, parent company Monster Brewing announced Thursday.
Molson Coors’ Q3 financial performance brought expected declines as the beer giant and others in the industry continue to tackle macroeconomic headwinds and soft beer trends.
