A Milwaukee-based investor group has acquired the 35-year-old Sprecher Brewing Company. Sharad Chadha is leading the investor group, which includes former MillerCoors general manager Jim Kanter, who will serve on the brewery’s leadership team.
Cider category dollar share shrank in 2019, however, the growth of regional and local producers proved to be a bright spot, Danny Brager, senior VP of market research firm Nielsen’s beverage alcohol practice, shared Thursday during the American Cider Association’s (ACA) annual CiderCon conference in Oakland, California.
Sunday’s Super Bowl between the Kansas City Chiefs and San Francisco 49ers in Miami marks the first major beer-drinking occasion of 2020. In 2019, U.S. consumers spent $1.2 billion on beer at off-premise retailers in the two weeks leading up to the game between the Los Angeles Rams and New England Patriots, according to market research firm Nielsen. Those sales were roughly flat, though, down 0.5%, compared to 2018.
The 14,000 sq. ft. Samuel Adams Taproom has been a couple of years in the offing, located about 20 yards from the statue of the beer brand’s namesake, a Founding Father and revolutionary. Historic ground, indeed, but also a bit of a cursed location for previous tenants.
Making good on its promise to invest $100 million by 2028 in businesses founded or led by women, Constellation Brands today announced a minority investment in Press Premium Alcohol Seltzer through its Focus on Female Founders program.
After crossing the 100,000-barrel threshold in 2018, Rhinegeist’s increased production 6% in 2019, to 106,000 barrels, sales director Matt Steinke shared with Brewbound.
A bill introduced in the Michigan Legislature earlier this month would allow breweries producing up to 2,000 barrels annually to self-distribute their products in the state. Currently, Michigan breweries producing up to 1,000 barrels can self-distribute. According to national trade group the Brewers Association, the majority of Michgian’s craft breweries produced fewer than 1,400 barrels in 2018, the last year in which data was available.
Anheuser-Busch InBev subsidiary Labatt Breweries of Canada announced Monday the acquisition of British Columbia-based distiller Goodridge & Williams.
East Coast gas and convenience store chain Cumberland Farms’ attempt to change Massachusetts’ off-premise retail chain licensing processes is being met with opposition from the state’s alcoholic beverage package stores.
Beer depletions (sales from wholesalers to retailers) in 2019 were mostly flat compared to 2018, although there were a few spikes around summer holidays, National Beer Wholesalers Association chief economist Lester Jones shared during a webinar hosted by Fintech, a data, analytics and invoice processing platform for wholesalers.
In this week’s edition of Last Call: U.S. beer shipments decline 0.8% in 2019; A-B spends $24 Million on Bud Light Seltzer ads; Barefoot to launch wine-based hard seltzer line; A-B and City Brewery announce expansion plans; and more news from the week.
After posting a 6% decline in volume in 2019, Durango, Colorado-based Ska Brewing has refreshed its packaging and launched a hard seltzer line, with plans to to release a low-calorie IPA and open a brewery and distillery in Boulder, in an effort to find new avenues to grow the business.
Dixie Beer Company will officially open its 85,000 sq. ft. production facility to the public on Saturday, marking the return of locally produced Dixie Beer to the market for the first time in about 15 years. And the goals for Dixie are lofty, with the brand taking aim at a domestic premium market long dominated by Anheuser-Busch and Molson Coors.
Molson Coors Beverage Company today announced plans to fully acquire Atwater Brewery, a transaction that has been discussed on and off for the last couple of years, according to Mark Rieth, who has owned the Detroit craft brewery outright since 2005.
