The seventh largest investor in Craft Beer Alliance, Midwood Capital Management, has announced that it has delivered a letter to the Directors of the company’s Board highlighting the substantial gap between the Company’s public market trading price and its intrinsic value. Midwood encouraged the Board to pursue a sale of the company either to its strategic… Read More…
UK’s advertising watchdogs ready to clamp down on alcohol advertising
Via – The Drinks Business UK advertising watchdogs plan to clamp down on alcohol brands that promote their brands to young consumers with the suggestion they will be happier, more confident, or successful, marketing experts warn. According to the ASA, claiming that alcohol has therapeutic qualities or is the answer to overcoming boredom and loneliness… Read More…
Guns N’ Roses is taking a CO brewery to court over trademark
Guns N’ Roses is taking a Colorado brewery to court over Guns ‘N’ Rosé ale Via CNN – Rock band Guns N’ Roses filed a lawsuit against Canarchy Craft Brewing Collective’s Oskar Blues Brewery for trademark infringement over a beer called Guns ‘N’ Rosé. The band claims the Colorado Brewery started selling the craft ale… Read More…
Boston Beer and Dogfish Announce Merger
The Boston Beer Company and Dogfish Head Brewery today announced that the companies have signed a definitive merger agreement, bringing together two pioneering independent craft breweries and the high-profile founders Jim Koch and Sam Calagione. The merger agreement is estimated at close to $300 million. The deal is expected to close in the second… Read More…
NY City Bans Alcohol Advertising on All City Properties
Two years after banning alcohol advertising on the New York subways, the city has taken it a step further, banning Alcohol ads on all city property including bus shelters, newsstands and phone booths. Read More Here
Moosehead Latest to Bite into Cannabis
Moosehead Breweries Ltd. is the latest brewing company to invest in the cannabis industry, announcing a joint venture with Sproutly Canada Inc. to develop, produce and market non-alcoholic beverages Moosehead is Canada’s largest independent brewery. Matthew Oland, a Moosehead senior executive who will head the 50-50 joint venture as chief executive officer said in… Read More…
Craft on Craft Continues – Mammoth Acquires Great Basin
The expected wave of ‘craft on craft’ mergers is beginning to show signs of life. The latest merger of two craft breweries was announced yesterday with Mammoth Brewing in Mammoth, CA acquiring Great Basin Brewing in Reno, NV. Great Basin and Mammoth Brewing will continue as different craft breweries, with Greta Basin founder, Tom… Read More…
Modern Times Goes to Crowdfunding
After “vastly exceeded” their growth expectations, Modern Times founder Jacob McKean is inviting Modern Time fans to become “one of the owners of the company.” In a video statement, McKean stated that the company was “trying to stay independent” rather than take the “easy route out” by partnering with a strategic partner or venture… Read More…
Constellation to Close Satellite Ballast Point Locations
Constellation Brands has said it will close the Ballast Point brewpub in Temecula according to an article in the Press-Enterprise. The company will also close its sour beer and barrel-aging facility, which has a dedicated 40-barrel brewhouse. The announcement comes just a few weeks after Constellation took a $108 million impairment charge to the… Read More…
Heineken Goes N/A
With the overall beer market down just about 1% in 2017 and 5% over the past four years, brewers of all sizes are looking in different directions, from dipping toes in the cannabis industry, spirits, alcoholic seltzers and other creative avenues. Heineken is going non-alcoholic. Heineken 0.0 was first launched in the Netherlands and… Read More…
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