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Source: FTC Ends Review, Clearing Path for Monster’s Bang Acquisition

Source: FTC Ends Review, Clearing Path for Monster’s Bang Acquisition

The Federal Trade Commission (FTC) on Friday terminated its review period for Monster’s proposed acquisition of Vital Pharmaceuticals, the parent company of Bang Energy, clearing the way for the transaction to be completed later this month, according to an internal communication viewed by BevNET.

Constellation Brands Q1 Beer Shipments +7.5%, Depletions +5.5%

Constellation Brands Q1 Beer Shipments +7.5%, Depletions +5.5%

Constellation Brands posted solid shipments and depletions growth in its first quarter of fiscal year 2024. Beer shipments increased +7.5% year-over-year (YoY), to 107 million case equivalents, while depletions increased +5.5%.

Low-Alc Haus Relaunches Under New Ownership

Low-Alc Haus Relaunches Under New Ownership

Sometimes it’s better to be right than to be early. Before the no/low alcohol category grew into a $11 billion business, Haus, a low-ABV Sonoma-based aperitif brand launched to much buzz in 2019.

Monster Reaches Agreement to Acquire Bang

Monster Reaches Agreement to Acquire Bang

Monster Beverage Corp. has been revealed as the winning bidder for Vital Pharmaceuticals, maker of Bang Energy, per court documents filed Wednesday in the U.S. District Bankruptcy Court in Florida. However, a pending U.S. Federal Trade Commission investigation could derail the deal by tomorrow.

Artisanal Brewing Ventures Trending Up as Summer Begins

Artisanal Brewing Ventures Trending Up as Summer Begins

Artisanal Brewing Ventures’ key brands are trending up as summer begins. Year-to-date through June 4, the craft brewery platform’s off-premise sales (+13.1%) are outpacing the beer category (+3.8%) and the craft segment (-1.4%), CEO John Coleman shared, citing data from market research firm Circana.

Brewbound Podcast: A Collab Beer to Rebuild Ukraine

Brewbound Podcast: A Collab Beer to Rebuild Ukraine

Wisconsin Brewing’s Paul Verdu and Move Ukraine’s Ken Shearer join the Brewbound Podcast to discuss the Move Ukraine collaboration beer project aimed at helping rebuild Ukraine.

A-B CEO Makes First Media Appearance Since Bud Light Boycott

A-B CEO Makes First Media Appearance Since Bud Light Boycott

Anheuser-Busch U.S. (A-B) CEO Brendan Whitworth made his first major media appearance this morning since the conservative-led boycott of Bud Light began two months ago, appearing on CBS’ morning show.

Diageo, Diddy Officially Sever Ties

Diageo, Diddy Officially Sever Ties

Sean “Diddy” Combs’ signature album may be “No Way Out,” but Diageo apparently didn’t get the message.

NIQ: Beer Dollars +0.7%, Volume -4.1% Through Mid-June

NIQ: Beer Dollars +0.7%, Volume -4.1% Through Mid-June

Off-premise beer category dollar sales are up +0.7%, while volume sales have declined -4.1% for the four-week period ending June 17, according to market research firm NIQ. Also, the off-premise declines of Bud Light accelerated compared to previous weeks.