Articles Tagged with 'Openings & Closings'

Former Saint Archer Execs Raise $3.9 Million; Launch New Beer, Wine and Distribution Companies

Former Saint Archer Execs Raise $3.9 Million; Launch New Beer, Wine and Distribution Companies

The former leaders of Saint Archer Brewing Company are back in the booze business after raising nearly $4 million to launch three separate beer, wine and distribution ventures. Anchored under Ocotillo Holdings LLC, the first of the three businesses — Scout Distribution, a craft-focused beer and wine wholesaler — officially launched Wednesday in San Diego. Led by Saint Archer co-founder Josh Landan, ex-VP Jeff Hansson and ex-market manager Anthony Levas, Scout Distribution will act as both a boutique wholesaler and a marketing consultancy.

As Distressed Breweries Close, More Used Equipment Heads to Auction

As Distressed Breweries Close, More Used Equipment Heads to Auction

As the U.S. brewing industry inches closer to a record 7,000 craft beer companies in operation, hundreds of distressed breweries are expected to close in 2019 and many of those failed enterprises will turn to asset auctions as a way to pay off debt. Brewers Association chief economist Bart Watson told Brewbound during a live-streamed interview at last week’s California Craft Brewers Association Summit that he anticipates as many as 300 brewery closures by the end of 2018. According to Watson, he expects the gap between openings and closings to shrink over time, and there could be as many as 500 closures in the next couple of years. The increasing number of brewery closures has also meant an uptick in business for auction houses.

Divergent Growth Strategies Emerge in a Competitive Craft Beer Marketplace

Divergent Growth Strategies Emerge in a Competitive Craft Beer Marketplace

As the craft landscape has become increasingly competitive and as growth has slowed, some craft brewers are beginning to alter their approaches to expansion. While some companies have restructured their sales and marketing teams and laid off employees, others are starting to reexamine their brick-and-mortar strategies. Take the divergent paths of Other Half Brewing Company in Brooklyn and Renegade Brewing Company in Denver, for example.

Blue Moon Creator Quietly Launches High End-Focused Beer Brand in Colorado

Blue Moon Creator Quietly Launches High End-Focused Beer Brand in Colorado

Blue Moon inventor Keith Villa, who retired from MillerCoors in January after a storied 32-year career, isn’t leaving the beer business after all. Much of the press following his departure from the country’s second-largest beer company centered around the launch of Ceria Beverages, a startup focused on releasing a line of non-alcoholic craft beers containing THC. At the same time, however, Villa and his wife, Jodi, had quietly launched Donavon Brewing Company in their hometown of Arvada, Colorado.

Boston’s Pop-Up Taproom Trend Continues as Night Shift Secures 2 Outdoor Spaces

Boston’s Pop-Up Taproom Trend Continues as Night Shift Secures 2 Outdoor Spaces

A growing number of Boston-area beer companies have turned to pop-up beer gardens in an effort to engage consumers during the summer months. Despite an array of outdoor options for drinkers to grab a beer on a hot summer day, Boston-area craft brewery Night Shift still sees opportunity to expose local consumers to its brands.

King Canary Brewing Company Opens in North Carolina

King Canary Brewing Company, a family-friendly brewery on Lake Norman in Mooresville NC celebrated their grand opening in mid-May and are now in full swing as a taproom offering classic and unique beers. Founders’ Matt and Andrea Gravina welcomed their first guests after conceptualizing, planning, and renovating the brewery.

Grimm Artisanal Ales to Open Brooklyn Brewery Saturday

Grimm Artisanal Ales to Open Brooklyn Brewery Saturday

After more than two years of construction, noted gypsy brewer Grimm Artisanal Ales will open its first brick-and-mortar brewery in the Williamsburg neighborhood of Brooklyn on Saturday, June 30.

Bay Area Craft Beer Entrepreneur Shutters Brewery, Suspends International Expansion Plans

Bay Area Craft Beer Entrepreneur Shutters Brewery, Suspends International Expansion Plans

A California-based craft beer company that had aspirations of expanding into China with a new line of products has gone belly-up after a series of events forced the company to back away from both ventures. Schubros Brewery, based in the eastern region of the Bay Area, has permanently closed, according to company founder Ian Schuster.

Green Flash Brewing Opens Nebraska Brewpub

Green Flash Brewing Opens Nebraska Brewpub

It’s been a turbulent year for Green Flash Brewing, but the San Diego-based craft brewery is hoping the opening of a new satellite brewpub will help turn things around. After closing two production facilities, laying off 76 employees, pulling distribution from 42 states and being sold by its bank to a new investor group, Green Flash has finally commenced operations at the Green Flash Brewhouse & Eatery in Lincoln, Nebraska.