Craft beer industry news.
A second straight year of production declines appears likely, with the full-year craft volume number likely to be “weaker than the midyear estimate” of down -2%, the Brewers Association (BA) shared in the trade organization’s 2024 Year in Beer recap.
Chicago-based Funkytown Brewery’s mission is to bring more people into craft beer. Now it’s creating a physical space to be the homestead of that mission. Funkytown has made a deal to acquire a building near the United Center that the Black-owned craft brewery plans to transform into a taproom and beer garden.
Ninety-five percent of bev-alc brand launches fail, according to Gustavo Aguirre, VP of brand innovation at investment firm InvestBev. Aguirre spoke during BevNET’s Spirits Sunday event in Marina del Rey, California. Aguirre was joined by GHJ advisory partner Maria Pearman and 5:30 Somewhere founder Dale LeFlam.
In Japan, some of the country’s oldest sake brewers are eagerly awaiting a decision next month on their bid for the rice wine to win recognition as a UNESCO Intangible Cultural Heritage, a commendation reflecting the depth to which the beverage is tied to national pride and tradition. Other ambitious brewers, meanwhile, are just as eager to buck tradition altogether.
A-B Believes in the Strength of Total Portfolio; A Round With PR Expert Kevin York; BI: October Beer Supply Nearly Flat; Massachusetts’ Redemption Rock to Close; CinBev to Acquire Taft’s Brewing; Yuengling Adds Illinois; and Craft Gains Share of On-Premise Dollars.
There are four “winds of change” impacting consumers’ bev-alc purchasing decisions, and Anheuser-Busch InBev (A-B) believes it has the brands to speak to all four of those trends, according to A-B U.S. chief commercial officer Kyle Norrington.
When is a marketing strategy not a marketing strategy? Can social media alone sustain a brewery? What makes public relations different from other tactics in the marketing toolkit? Kevin York, founder of the eponymous craft beer-centric communications agency, tells it all after a decade in business.
Brown-Forman, the leading exporter of U.S. spirits to the world, beat analysts’ expectations in its latest quarterly earnings report, thanks to a jump in demand from its more premium whiskies. But the president and CEO of the Jack Daniels Whiskey maker cautioned that with potential tariffs looming it was facing “so many potential scenarios and unknowns.”
Total U.S. beer supply was nearly flat in October, after state shipments and domestic tax paids rebounded and increased volume versus October 2023, according to the Beer Institute (BI) in the trade group’s latest round of economic reports.
Spindrift is in advanced talks to be acquired by a private equity firm for north of $650 million, according to a report in The Wall Street Journal.
The total beer category lost the most share of overall beverage dollars at off-premise retailers year-to-date through late September, according to NIQ data shared by Bump Williams Consulting (BWC). Beer – which includes flavored malt beverages (FMB), hard seltzer and hard cider – lost -0.5 sharepoints for the 39-week period ending September 28.
The Brewbound team returns from Thanksgiving breaks to discuss the pre-turkey day news dump, including Molson Coors’ agreement to purchase the intellectual property of Cruz Blanca and why the Mexican-inspired, Chicago-produced brand is now on the clock.
Constellation Brands its weighing its options in the face of proposed 25% tariffs on goods imported from Mexico and Canada under the incoming second Trump administration. CFO Garth Hankinson discussed the company’s position during a fireside chat with managing director Dara Mohsenian at the Morgan Stanley Consumer and Retail Conference on Tuesday.
Draft beer recorded its third consecutive year-over-year (YoY) volume decline on Thanksgiving Eve, according to on-premise, draft-centric data firm BeerBoard.
