💸 Svedka Sold: Constellation & Sazerac Make a Deal
Brewbound Insiders are reading details of Constellation Brands’ latest divestment in its wine and spirits division, with the sale of Svedka Vodka to Sazerac. Insiders are also diving into the latest weekly scan data from Circana; reading about the closure of Cisco’s Portsmouth taproom; and catching up on several job changes.
Cisco Brewers Portsmouth Pub Closes; Brewing to Continue On-Site
The pub at Cisco Brewers’ complex in Portsmouth, New Hampshire, has closed, the brand announced last week.
Draftline-CGA Report: Draft Outperforms Package in On-Premise Outlets
Draft beer considerably outperforms package in on-premise outlets that offer both options, according to a report released today by Draftline Technologies and CGA, the on-premise arm of market research firm NIQ.
INSIDER’S Week in Beer: 🐎 Drink Like a Racehorse
Folks, we’ve had a lot of advancements in craft beer over the years (flaked oats – who knew?), but like many other sectors in life, the folks north of the border are showing us how it’s done. ONTARIO RACING is celebrating the release of a new UNFILTERED documentary project by partnering with local brewery AVLING to finally create a beer so that you too can feel like a horse when having a cold one.
3 Elected to Brewers Association Board
The Brewers Association announced the results of its board of directors election today. Three candidates were elected to serve three-year terms starting February 2025.
Molson Coors Acquires Cruz Blanca in Chicago
Molson Coors has acquired Cruz Blanca, the Chicago-based, Mexican-inspired beer brand, Brewbound has confirmed.
Brewbound Live 2024: The Highs and Lows of Beer – 3 Tier Beverages & NIQ Navigate the Industry’s Contrasting Trends
Understanding the beer category’s often conflicting 2024 trends will be among the keys to winning in 2025 and beyond. Kaleigh Theriault, director of thought leadership for NIQ’s beverage-alcohol vertical, and Mary Mills, a consultant for 3 Tier Beverages, will guide attendees of the 2024 Brewbound Live business conference through the category’s highs and lows, from pricing and inflation, to higher ABV products and non-alcoholic beverages, to craft’s roller coaster by style, region and brand.
Charlotte’s Olde Mecklenburg Brewery Collaborates with German Counterpart for Black Friday Black Lager; Breaks Ground on Third Taproom
Breweries in the Mecklenburgs both old and new are uniting to deliver a black beer for Black Friday. Charlotte-based Olde Mecklenburg Brewery (OMB) today announced its first-ever international collaboration with Störtebeker Braumanufaktur, a craft brewery in the German state of Mecklenburg-Vorpommern.
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Brewbound Podcast: Brewers Association Changes, Lagunitas’ CEO Swap & a Brewbound Live Preview
After a packed news week, the Brewbound team breaks down the latest headlines, including leadership reorganization and staff cuts at the Brewers Association and an impending CEO change at Heineken-owned Lagunitas. Jess, Zoe and Justin also preview the Brewbound Live business conference.
Brewbound Live 2024: Applebee’s Joins One-to-One Meetings
On December 11 + 12, Brewbound Live returns to Marina del Rey, CA, offering beer and beverage alcohol companies a unique opportunity to engage in One-to-One meetings with Whole Food’s Market, ExtraMile Convenience, Reyes Beverage Group, Breakthru Beverage, California Beverage Solution, and now, Applebee’s.
Beer Purchasers’ Index: Distributors ‘Neutral’ on Beer in November
Distributor sentiments for beer category strength shifted from cautious to “neutral” in November, according to the National Beer Wholesalers Association (NBWA) in the trade group’s latest Beer Purchasers’ Index (BPI) report.
Circana Weekly Scans: ‘Expected’ Post-Halloween Declines Are ‘Large,’ But Still ‘Too Early to Panic’
Total beverage-alcohol sales have declined -7.7% year-over-year (YoY) for the week ending November 17, according to market research firm Circana.
Constellation Focused on On-Premise, Core Brands; Beer Division President Acknowledges Innovation that ‘Did Not Sell’
Constellation EVP and beer division president Jim Sabia shed light on the company’s 2025 strategies last week during Beer Marketer’s Insights’ annual fall seminar in New York City. Here are some of the highlights from the conversation.
Trump Promises 25% Tariff on Mexico and Canada
President-elect Donald Trump promised to impose 25% tariffs on all imported goods from Mexico and Canada and an additional 10% tariff on products from China beginning January 20, his first day in office.