BrewDog today announced a profit-sharing plan that will see the Scottish craft beer company give 20 percent of its annual earnings to employees and charities as part of a new “Unicorn Fund.” Under the plan, 10 percent of profits will be donated to 20 different charities. The other 10 percent will be evenly distributed across its entire workforce, which today stands at more than 1,100 employees.

Michigan’s Atwater Brewery has realigned its distribution network in its home state, moving the brand from Kalamazoo-based Imperial Beverage into the M1 Network of 10 MillerCoors wholesalers. In a conversation with Brewbound, Atwater owner Mark Rieth said Imperial Beverage had sold the brand across approximately 70 percent of the state since 2011.

In our latest edition of People Moves: Caitlin Braam, the president of Seattle Cider Company and Two Beers Brewing, will depart the organization at the end of the month. Constellation Brands also confirmed that Dave Mills, chief sales officer of the company’s Ballast Point Brewing & Spirits brand, will depart the organization at the end of August.

It’s been about 18 months since Southern Tier Brewing Company and Victory Brewing combined operations under the family-office backed Artisanal Brewing Ventures (ABV) and today, the two breweries announced plans to open a jointly run innovation brewery and taproom in Charlotte, North Carolina.

Earlier this month, online alcohol marketplace Drizly promised to share regular insights gleaned from thousands of daily transactions that occur on the company’s e-commerce platform. Drizly’s first significant finding, and one that should be of interest to U.S. craft brewery owners, is that millennial consumers — at least those using its booze-to-your-door delivery app – have been steadily shifting their dollars toward macro brews and corporately owned craft brands since 2015.

Less than a year after it was acquired by Dutch beer maker Bavaria N.V., Latis Imports has announced plans to mutually end a sales agency agreement with Radeberger Gruppe USA (RGUSA) that began in January 2014. In a press release, Latis Imports, which was founded in 2007 and imports products from Palm Belgian Craft Brewers and Rodenbach, said the partnership with RGUSA would conclude on September 30, 2017.

Rich Pascucci, who most recently served as the chief growth officer for Pabst Brewing Company, has been tapped to help lead Evolution Spirits, makers of Monkey Rum. Pascucci joined Evolution Spirits earlier this month and will serve as its chief growth officer and head of sales. The company was co-founded by television personality Zane Lamprey and is backed by Vita Coco co-founder Mike Kirban, former Vitaminwater CMO Rohan Oza and other notable beverage industry insiders.

A group consisting of four former New England beer wholesalers now own the vast majority of Massachusetts’ Wormtown Brewery. The beer company, which opened in Worcester, Mass. in 2010, today announced that co-founder Tom Oliveri has sold his remaining interest in the brewery to three former beer distribution executives – Richard Clarke, Jay Clarke and Kary Shumway.

It’s been less than two months since the Brewers Association (BA) – a not for profit trade organization representing the interests of small and independent U.S. craft beer companies – unveiled the “independent craft brewer seal,” a special badge aimed at helping member breweries distinguish their beers from those owned by multinational corporations. As of press time, 1,789 breweries had embraced the seal, agreeing to display it across packaging and marketing materials, on websites, and in taproom windows, among other places.

New data from market research firm Nielsen confirms what many beer executives have long feared: The beer category is continuing to cede sales to wine and spirits. On-premise volume sales of beer over the 52-week period ending June 17 were down more than 2 percent, according to a new Nielsen report outlining the latest beverage alcohol trends.

A handful of notable craft brewery expansions aimed at expanding the availability of small-batch offerings from companies based in Pennsylvania, Massachusetts and Wisconsin are moving forward.

In an effort to find a different use for spent grain — a byproduct of the beer brewing process – Anheuser-Busch InBev, via its ZX Ventures ‘global disruptive growth group,’ has backed a non-alcoholic beverage startup hoping to turn leftover malt into a drinkable product. A-B is hoping that a proprietary fermentation process, developed internally, can transform at least some of the nearly 8 billion pounds of spent grain produced across the beer industry each year into an isolate that will be used in a new line of plant-based barley beverages called “Canvas.”

Constellation Brands has acquired fast-growing Florida-based craft beer producer Funky Buddha and, in the process, formed a new “High End Craft and Specialty” business group specifically tasked with overseeing the company’s present and future craft brewery purchases. Financial terms of the deal, which closed yesterday, were not disclosed. The structure is similar to Constellation’s 2015 purchase of San Diego’s Ballast Point Brewing, which was worth $1 billion, Brewbound understands. A sale price was not disclosed, but the all-cash deal is for 100 percent of the company, according to KC Sentz, who co-founded the brewery with his brother Ryan Sentz.

A group led by New Belgium Brewing Company today announced it would acquire San Francisco-based Magnolia Brewing Company as part of a bankruptcy proceeding.