Read the latest beer industry news relating to brewery operations, taproom updates, openings, and closings. Stay up-to-date on new beer ventures and taproom openings and learn about the challenges leading to shutdowns.
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On-premise chain accounts have bounced back from initial COVID-19 declines that shut down their businesses, but on-premise pains are far from over, according to CGA, the on-premise arm of market research firm NIQ.
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.
While the amount of bars and restaurants in operation has recovered to pre-pandemic levels, beer’s on-premise business has yet to bounce back, with keg volume expected to be 2.5 million barrels below where it should be by the end of 2023, according to the Brewers Association.
Craft breweries made up an estimated half to two-third of their 2020 volume losses by the midpoint of 2021, Brewers Association (BA) chief economist Bart Watson said today during a presentation on the industry’s mid-year performance.
Newport Craft Brewery and Distillery in Rhode Island announced the purchase of a 6-acre plot of land from the city of Newport earlier this month, as part of a $10 million expansion project.
One day after New York City announced proof of vaccination will be required for indoor dining and drinking at bars and restaurants in the city, Chicago-based Metropolitan Brewing instituted a similar policy.
Dutch brewing giant Heineken N.V. reported its first half 2021 earnings today, and its U.S. business division recorded “high-single digit” beer volume growth through the first two quarters of the year.
Decorah, Iowa-based Toppling Goliath Brewing Company has expanded to multiple new markets in recent months. The 12-year-old brewery’s growing footprint is due in part to the company’s switch to what co-founder Clark Lewey described as an “on-demand” business model.
Crowns & Hops Brewing Co. is getting its own facility — and the Inglewood, California-based craft brewing company is asking drinkers if they want to be a part of it.
Non-alcoholic craft brand Athletic Brewing has signed a lease for a new facility in Milford, Connecticut, that could triple its capacity. “Once complete, we’ll have over 150,000 barrels capacity on each coast, with the potential to triple in the new facility over time,” CEO and co-founder Bill Shufelt told Brewbound.
YouTube stars the Nelk Boys are partnering with Atlantic Beverage Distributors to expand distribution of Happy Dad Hard Seltzer into Massachusetts and Rhode Island.
Brooklyn-headquartered Other Half Brewing will set up shop in the former Goose Island brewery and taproom in Philadelphia’s Fishtown neighborhood, the Philadelphia Inquirer reported earlier this week.
Denver Beer Co. is joining the NFT scene.
Iconic Denver craft beer bar the Falling Rock Tap House will permanently close on Sunday, June 27, after 24 years in business. Owners Chris, Steve and Al Black made the announcement Saturday in a blog post titled “So long and thanks for all the beers.”
The craft segment’s slide into the red in off-premise scan data against tough year-ago comps may not be a bad thing for craft brewers, according to Brewers Association (BA) chief economist Bart Watson.
Black is Beautiful, a collaborative initiative started by Weathered Souls Brewing to fight police brutality and other injustices against people of color, has raised $2.2 million, according to a Facebook post by the San Antonio-basec craft brewery.
Seventy-seven percent of consumers are spending the same or more than they did pre-COVID-19, according to the latest CGA on-premise report spanning June 4-7.
