Craft beer industry news.
Ball Corporation, the world’s leading manufacturer of aluminum beverage cans, is “keeping a close eye” on domestic beer and energy drinks as it plots its next few years, executives said during an investor day Tuesday.
Earlier this month, former 21st Amendment (21A) president and Crux Fermentation Project co-founder David Wilson died at age 54 after a brief battle with cancer.
Bernstein analyst Nadine Sarwat breaks down the pros and cons of a potential sale of Boston Beer Company. Sarwat also examines potential suitors, Wall Street’s view of potential deals and why Boston Beer continues to be in conversations around M&A.
Weeks after the death of founder Art Larrance, Portland, Oregon-based Cascade Brewing ceased operations on Monday, the Oregonian reported. Alissa Larrance, Art’s daughter, told the Oregonian that she delivered final paychecks to brewery staff Tuesday, though the brewery’s website says it is “temporarily closed.”
The latest data set from NIQ shows total BevAlc sales accelerated their decline in the two-week period ending June 1, reflecting faster volume drops and slightly softer pricing growth, according to analysis from Goldman Sachs Equity Research.
Tuesday’s edition of the Brewbound Newsletter features the Brewers Association’s review of onsite brewery sales data in Q1; Reyes-owned DET’s acquisition of 1.6M cases in TN; Brooklyn Brewery naming a new VP of sales; an analysis of Constellation Brands’ consumer demographics; Bart Watson’s breakdown of ‘wild’ hop acreage cuts; and Jon Stewart’s visit to an Asbury Park brewery.
Seasonal trends for onsite brewery sales have remained relatively consistent since January 2021, but “in real terms” – i.e. accounting for inflation – onsite sales continue to decline, according to Brewers Association (BA) staff economist Matt Gacioch, citing data from Arryved.
Five years ago, hard kombucha was expected to become the next big “fourth category” product, building off the initial momentum of hard seltzer, but promising bolder flavors and potential gut health benefits.
Urban Chestnut Brewing is a defendant in two lawsuits from lenders claiming the St. Louis, Missouri-based brewery owes them nearly half a million dollars.
Beer, it’s what’s for Father’s Day. Or at least it is compared to spirits and wine, as 76% of folks planning to buy bev-alc for the big day this weekend will buy beer, according to market research firm Numerator. Wine and spirits weren’t even close at 36% each, and both got a real stern look from Dad when they were mentioned at the dinner table last night 😬.
A Round With J.C. Hill of Alvarado Street; Athletic Purchases Former Ballast Point Facility; Circana: A-B Declines Decelerate Thru Late May; Beer Tops List of Bev-Alc Father’s Day Buys; Hulk Hogan Launches Real American Lager; Podcast: Burial Beer’s Doug Reiser.
The mystery surrounding who would take over the now former Ballast Point production facility in San Diego is officially over. When Ballast Point owners Kings and Convicts announced in April that they had ceased production at the Miramar facility, whispers pointed to dedicated non-alcoholic (NA) beer maker Athletic Brewing Company taking over the space. The speculation proved true.
The latest installment of Brewbound’s A Round With – a weekly Insider-exclusive Q&A series with industry leaders – features J.C. Hill, founder and brewmaster of Alvarado Street Brewery in Salinas, California.
Hulk Hogan is getting into the beer business, lending his name and image to Real American Beer, a new light lager brand that launched Thursday at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida.
