Craft beer industry news.
Beverage-alcohol industry trade groups didn’t hold back in their feedback to the Interagency Coordinating Committee on the Prevention of Underage Drinking (ICCPUD) about recent changes to the process by which the Dietary Guidelines Advisory Committee (DGAC) evaluates alcohol’s place in the Dietary Guidelines for Americans (DGA).
An analysis of the top 150 craft suppliers found those with more focused portfolios are posting “stronger trends and outperforming their competitors,” according to Bump Williams Consulting’s latest craft report.
Monster Beverage Corp. struggled to overcome weak sales growth for its energy drinks in Q2, while its nascent beverage-alcohol division also took a step back.
World of Beer has filed for Chapter 11 bankruptcy protection, in an effort to reorganize. Brewbound managing editor Jess Infante shares details of the filing and what it means for craft breweries. Jess and Brewbound editor Justin Kendall also review the latest earnings reports, including Anheuser-Busch InBev cycling the anniversary of the Bud Light boycott.
As part of a new exclusive data series for Brewbound Insiders, we’re partnering with CGA by NIQ, a trusted On Premise measurement, insight & research consultancy to food & drink businesses across the globe, empowering growth & shaping On Premise strategies for success.
The Brewers Association reported that more than 9,500 attendees made the trip to Las Vegas for the Craft Brewers Conference April 21-24, including more than 740 exhibitors and more than 3,100 breweries, according to a post-CBC report shared by the trade group.
In Wednesday’s Brewbound Insider newsletter, gains made by domestic tax paid beer shipments in May were all but “wiped out” in June, according to Beer Institute chief economist Andrew Heritage. Insiders are also reading about attendance at the 2024 Craft Brewers Conference, the impending closure of J. Wakefield’s taproom and Lawson’s market expansion.
After a month in the black, domestic tax paid shipments of beer recorded a -4.8% year-over-year (YoY) decline in June, according to the Beer Institute (BI), which cited several government sources for its monthly report.
As it lapped the gains made in the wake of the Bud Light boycott last year, Molson Coors recorded declines in volume and net sales during the second quarter of 2024. However, company leadership was unshaken.
Calicraft has acquired the assets of Heretic Brewery and Distillery in Fairfield, California. Finance details of the transaction, which closed on August 5, were not disclosed.
Citing “considerable distress” in the restaurant industry, the parent company of craft-centric on-premise chain World of Beer has filed for Chapter 11 bankruptcy protection.
Who says endorsements are just for athletes? Kudos to the MOLSON corporation for finding a creative way to work beer into Olympics sponsorship! 🍻 And more importantly, a congratulations to the parents of 9 Canadian Olympians who are now getting a 💰, TV time and most importantly – free beer (😱) as part of their new endorsement contracts during the Paris games.
There are two months left before the Task Force on Alcohol Pricing and Addiction Services must submit recommendations to Oregon Gov. Tina Kotek concerning ways the state can work to curb substance abuse, which may include tax increases on alcohol.
Ray Ricky Rivera has a classic craft story: He started as a homebrewer and decided to turn his passion into a business, launching Norwalk Brew House and its flagship beer Bidi Bidi Blonde Blonde Mexican-American ale in early 2022.
