President Donald Trump lifted steel and aluminum tariffs on Canada and Mexico on Friday which will provide some relief to the beverage industry. The Beer Institute has estimated that 43% of aluminum used by beverage companies in the U.S. comes from Canada. The tariffs have been in place for a year and will be… Read More…
In response to lifting of steel tariffs, Canada and Mexico plan to lift Whiskey tariffs
Via The Drinks Business USA distillers relieved as Canada and Mexico reach an agreement to repeal tariffs on American whiskey in response to easing of US tariffs on steel and aluminum imports. Read More Here
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…
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 Brewery Openings Plummet in U.K.
A report by the financial firm UHY Hacker Young on the UK craft beer market has shown that the number of new brewery openings has come to a screeching halt. The rate of new craft breweries opening up in the UK has mirrored the trends in the U.S., with the number of independent breweries… Read More…
Australia’s Lion Acquires UK’s Magic Rock Brewing
Australian food giant Lion has secured a 100% stake in UK craft brewer Magic Rock Brewing Company. Popular brand Magic Rock (Huddersfield, Yorkshire, UK) joins Lion’s growing portfolio of craft breweries, Panhead, Emerson’s, Australia’s Little World Beverages and, Fourpure in south London. Via: Drinks Business
Link: Could New Zealand Become a Global Craft Beer Powerhouse?
Though it has a population smaller than Piers Morgan’s follower count on Twitter, New Zealand has the potential to become a global craft brewing powerhouse, with an estimated value of over $2.3 billion (£1.2 billion). There are now 218 breweries in New Zealand, according to a report by the New Zealand Institute of Economic Research… Read More…
Fuller’s Sells to Asahi
London-based Fuller Smith & Turner (Fuller’s) announced in a statement on its website that it has entered into an agreement for the sale of its entire beer business to Asahi Europe Ltd, a wholly owned subsidiary of Asahi Group Holdings. In addition to the Asahi brands, the company also owns the Peroni and Grolsch brands… Read More…
Budweiser teams up with Tilray to explore pot drinks
The maker of Budweiser is partnering with medical cannabis company Tilray in a $100 million deal to research cannabis-infused drinks for the Canadian market. The alliance announced Wednesday is the latest foray by a major beer company into the cannabis business in Canada, which legalized recreational marijuana in October. Via APNews
Molson Coors Continues Craft Brewery Buying Spree
Six Pints, a division set up by Molson Coors to establish and compete in the craft beer market in Canada has announced that it has purchased the Le Trou du diable craft brewery in Quebec. The Le Trou du diable brand is distributed throughout most of Canada in addition to about 20 states in… Read More…
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