News

Jay-Z’s Marcy Venture Partners is the latest group to invest in ready-to-drink brand The Finnish Long Drink, the company announced today.

Light lager brand Montucky Cold Snacks is “a big anchor” within Gallo’s total beverage alcohol strategy moving forward, as the wine and spirits giant enters the beer category, Gallo EVP and general manager Britt West told Brewbound.

3 Tier Beverages’ Donn Bichsel Jr. and Mary Mills share why data with the top 15 brewers removed can reveal true market opportunities. Then, New Belgium Brewing’s Kelly McKnight explains the Voodoo Ranger maker’s new product strategy.

Florida-headquartered Sunkey Beverage Holdings has reached an agreement to acquire Texas-based Silver Eagle Beverages, an independent Anheuser-Busch InBev (A-B) wholesaler.

The Consumer Price Index (CPI) for beer at home increased +3% year-over-year (YoY) in April, marking the sixth-consecutive month the measure has remained at or below +3%, before seasonal adjustment, according to the U.S. Bureau of Labor Statistics (BLS).

Gallo is getting into the beer business via a strategic investment in Montucky Cold Snacks. The wine and spirits conglomerate that found success in recent years with spirit-based seltzer brand High Noon Sun Sips announced a partnership with the founders of the light lager brand.

Boston Beer Company emerged with a “buy” rating following the results of financial services firm Jefferies’ 11th bi-annual beer distributor survey. Jefferies equity analyst Kaumil Gajrawala cited Twisted Tea’s dominance of the flavored malt beverage (FMB) segment, and the “stabilization” of Truly Hard Seltzer trends leading to less volatility, among the reasons for the improved rating.

Boston Beer Company founder and board chairman Jim Koch was brutally honest about some of the company’s past failings in a fireside chat with Goldman Sachs analyst Bonnie Herzog today during the investment firm’s Global Staples Forum.

Hella Cocktail Co., known for its bitters and mixers, is making a foray into bev-alc with a ready-to-drink (RTD) line debuting this week, Hella Margaritas.

Vintage Wine Estates (VWE) has concluded another round of layoffs, the fourth time the company has done so in the past 14 months.

Our latest distribution roundup finds Berczy getting in on the hard tea race in the Northeast and Woody Harrelson’s spirits heading into Massachusetts, while prepared cocktails Tequio and DIO sign deals with new distributors as they go deep in California and New York respectively.

The future of Foxtrot is once again in question after assets belonging to the shuttered grocery chain were acquired today by Further Point Enterprises via auction for $2.2 million, according to a report from Crain’s Chicago Business.

Sierra Nevada VP of sales Ellie Preslar has been promoted to chief commercial officer of the California-based craft brewery. Preslar fills the position left vacant by the retirement of Joe Whitney in October, after 17 years at Sierra Nevada.

Harley-Davidson is rolling into the non-alcoholic (NA) beer segment via a licensing deal with Wisconsin Brewing Company. Road King American Pils is rolling out now throughout the Badger State in 16 oz. can 4-packs.