Chris Furnari

Posts by Chris Furnari

Citing Personal Health, Christine Perich Steps Down as CEO of World Waters

Citing Personal Health, Christine Perich Steps Down as CEO of World Waters

Former New Belgium Brewing CEO Christine Perich, who had been leading World Waters, maker of the high pressure processed juice brand WTRMLN WTR, has stepped down from her role as CEO of the non-alcoholic beverage company due to personal health reasons. News of her departure was first reported on Wednesday by Brewbound’s sister publication BevNET.

US Association of Cider Makers Introduces Style Guidelines

US Association of Cider Makers Introduces Style Guidelines

In an effort to help wholesalers, retailers and consumers better understand the differences between a growing number of hard ciders now being sold across the country, the United States Association of Cider Makers (USACM) today unveiled its first-ever set of style guidelines.

Pabst Hires New CMO, Reshapes Role

Pabst Hires New CMO, Reshapes Role

The executive shuffle at Pabst Brewing Company continued on Thursday, as the company announced the appointment of a new chief marketing officer to oversee its entire portfolio of heritage, craft, import, cider and flavored malt beverage brands. Matt Bruhn, who most recently served as the CMO for GWA Group Limited, an Australian supplier of building fixtures and fittings, will formally take over as the CMO of Pabst on October 2, according to a press release.

Drizly Adds Former Walmart Executive to Board

Drizly Adds Former Walmart Executive to Board

Boston-based alcohol e-commerce company Drizly has added Bill Simon, the former CEO of Walmart’s U.S. business, to its board of directors. In a press release, Drizly said Simon’s time spent leading Walmart’s U.S. operations, as well as a stint with Diageo Plc, where he helped develop Smirnoff Ice, would aid the company as it looks to grow within an off-premise alcohol retail industry worth approximately $130 billion.

Study: US Craft Beer Industry Contributes $68 Billion to Economy

Study: US Craft Beer Industry Contributes $68 Billion to Economy

In just four years, the economic impact of small and independent U.S. craft brewers has doubled, according to an updated report issued by industry trade group the Brewers Association on Tuesday. The study, which was based on two national surveys as well as other government and market data, found that the U.S. craft brewing industry, as defined by the BA, contributed $67.8 billion to the U.S. economy in 2016.

Anheuser-Busch InBev Buys Remaining Stake in Virtue Cider, Shuffles High End Team

Anheuser-Busch InBev Buys Remaining Stake in Virtue Cider, Shuffles High End Team

Anheuser-Busch InBev, via its High End craft and import division, has acquired the remainder of Michigan’s Virtue Cider, the company announced today. Greg Hall, the former brewmaster at Goose Island, which is also owned by A-B InBev, launched Virtue Cider with partner Stephen Schmakel and 31 investors in 2011 after his father, John Hall, sold Goose Island to the world’s largest beer company for $38.8 million.

$460 Million Investment on Tap at Labatt Breweries of Canada

$460 Million Investment on Tap at Labatt Breweries of Canada

In addition to the $2 billion it will spend on capital expenditure projects in the U.S. over the next four years, Anheuser-Busch InBev, via its Labatt Breweries subsidiary, plans to spend $460 million to improve operations at its six Canadian breweries. Following the investments, which are slated to conclude in 2020, Labatt Breweries will have spent more than $1 billion over a nine-year period, the company said in a press release.

Lickinghole Creek Co-Founder Departs to Lead Distribution Upstart

Lickinghole Creek Co-Founder Departs to Lead Distribution Upstart

A new distribution company with ties to a small Virginia craft brewery is set to launch in the Southwestern part of the state. Saint X LLC — which aims to provide an alternative route to market for small craft brewers — has set up shop in a 10,000 sq. ft. warehouse located near recently launched Beale’s Brewery in Bedford, Va.

Wachusett Pop-Up Brings Recently Launched ‘Brew Yard’ to Boston

Wachusett Pop-Up Brings Recently Launched ‘Brew Yard’ to Boston

Wachusett Brewing is taking its recently launched outdoor beer garden, dubbed the “Brew Yard,” on the road. In partnership with Delaware North, a hospitality company owned by Jeremy Jacobs, who also owns the Boston Bruins, the Massachusetts craft brewery will pop up in Boston City Hall Plaza the next three Thursdays.

To Fund Growth, Lord Hobo Sells Stake to Private Investment Firm

To Fund Growth, Lord Hobo Sells Stake to Private Investment Firm

Fast-growing Lord Hobo Brewing – which launched in 2015 and grew more than 400 percent last year — today announced that it has sold a minority stake to Valterra Partners, a boutique private investment firm with offices in New York and Massachusetts. Specific financial terms were not disclosed, and the transaction is expected to close this month.

Upland Brewing Owner to Sell Stake, Depart

Upland Brewing Owner to Sell Stake, Depart

Upland Brewing owner and president Doug Dayhoff will sell his minority interest in the company back to existing investors and depart the company at the end of the year, the company announced today. Speaking to Brewbound, Dayhoff, 47, said the investor group would repurchase his minority interest in the company over the next “1-2 years.”

Press Clips: Key Departures at New Holland, Boston Beer

Press Clips: Key Departures at New Holland, Boston Beer

In this week’s edition of press clips: Fred Bueltmann departs New Holland Brewing, Michelle Sullivan leaves Boston Beer and Australian Beer Drinkers say they want ownership transparency, too.

New Packaging, Lower Pricing on Tap at Ballast Point

New Packaging, Lower Pricing on Tap at Ballast Point

Following a proprietary review of the craft beer segment, and its own positioning within it, Constellation Brands has re-launched a number of its Ballast Point offerings with a new look in an attempt to “tell its story more effectively” to consumers. In an interview with Brewbound, Constellation CMO Jim Sabia and Marty Birkel, the president of the organization’s craft and specialty division, said an initiative to better understand consumer-purchasing behavior provided the company with some key takeaways that helped shape its overall craft strategy moving forward.