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News/ Business of Beerposted by Tom McCormick
Grupo Modelo, a subsidiary of Anheuser-Busch InBev has filed a lawsuit against Constellation Brands claiming that Constellation’s use of Corona Seltzer has breached their deal on the use of the Corona brand name by applying it to a product other than beer.
Read more...News/ Business of Beerposted by Tom McCormick
The Dutch beer brewer Heineken N.V. has announced plans to cut 8,000 jobs as its sales around the world take a hit from the coronavirus pandemic.
Read more...News/ Business of Beerposted by Tom McCormick
Late to the game but expecting big growth in its hard seltzer brands, Anheuser-Busch InBev plans to invest over $1B in its U.S. manufacturing facilities over the next two years to meet expected demand.
Read more...News/ Business of Beerposted by Tom McCormick
For the first time in almost 40 years, there will not be a Budweiser ad during the Super Bowl.
Read more...News/ Crisis Responseposted by Tom McCormick
Anheuser Busch-owned 10 Barrel Brewing announced that they will permanently close their San Diego brewpub location.
Read more...News/ Major Brand Newsposted by Tom McCormick
Mark Anthony Brewing, a subsidiary of Mark Anthony Brands, maker of White Claw Hard Seltzer, has announced plans to build a new state-of-the-art brewery and production facility in Columbia, South Carolina. The company’s $400 million investment will be one of the largest breweries built in the U.S. in over 25 years according to a company press release.
Read more...News/ Business of Beerposted by Tom McCormick
It wasn’t pretty, but it was better than expected for three global brewers who posted third quarter earnings last week.
Read more...News/ Business of Beerposted by Tom McCormick
Molson Coors Beverage Co. reported a decrease of 3.1% in the third quarter of fiscal 2020, driven by the continued on-premise restrictions from the Covid-19 pandemic.
Read more...News/ Business of Beerposted by Tom McCormick
Dutch brewer Heineken has been hit with a $2.58 million fine for forcing its pub tenants to stock “unreasonable levels” of its beers.
Read more...News/ Business of Beerposted by Tom McCormick
The trade group Campaign for Real Ale (CAMRA) said it was “increasingly concerned” that small businesses will lose out as a result of the Carlsberg acquisition of Marston’s Brewery, the British brewery, pub and hotel operator.
Read more...News/ Beverage Ingredientsposted by Tom McCormick
Pabst Blue Ribbon continues to explore and expand into alternative non-beer drinks, with its latest being a non-alcoholic cannabis drink that will be available in dispensaries and online.
Read more...News/ Business of Beerposted by Tom McCormick
Coca-Cola will partner with Molson Coors to launch its new line of Hard Seltzer, Topo Chico Hard Seltzer in the U.S.
Read more...News/ Business of Beerposted by Tom McCormick
The hard seltzer category was dominated by two brands during the first 24 months of its explosive growth. Others have jumped in as the growth shows no signs of slowing. Craft brewers have joined the partly as have all of the major-brand brewers. But you know its “a thing” when the non-alcoholic beverage behemoth Coca-Cola enters a category.
Read more...News/ General Newsposted by Tom McCormick
Molson Coors Beverage Company and D.G. Yuengling & Son Inc. have formed a joint venture to oversee and execute the westward expansion of Yuengling beer into states beyond its existing 22-state footprint and New England, the two companies said today.
Read more...News/ Business of Beerposted by Tom McCormick
Ron Knox, a senior researcher at the Institute for Local Self-Reliance, takes a deep dive in the beer industries three-tier system and how it favors the mega-large global brewers. A must read!
Read more...News/ Major Brand Newsposted by Tom McCormick
In a peek at how the global pandemic is impacting the worldwide beer market, Anheuser-Busch InBev disclosed their second quarter earnings yesterday. Global revenue declined by 17.7% in the second quarter compared to the same period last year with a decline of 12.0% year-to-date. Beer volume was down 17.0%. The worlds largest brewer showed signs of recovery, with April volumes down by 32.4%, May down by 21.4% and June down by 0.7%. Click here for a transcript of the investor call.
Read more...News/ General Newsposted by Tom McCormick
How popular is hard seltzer these days? Seems like no one in the beverage business wants to be left on the sidelines, including Coca-Cola, who has announced that they will launch a hard seltzer under the brand Topo Chico. The drink will initially be test-marketed in select cities in Latin America.
Read more...News/ Legislative & Regulatoryposted by Tom McCormick
Ever wonder how Anheuser-Busch products seem to be so often showcased in stadiums and other entertainment venues? This might provide a clue.
Read more...News/ Crisis Responseposted by Tom McCormick
What is worse than a stay-at-home order amongst a pandemic? A stay-at-home order without beer.
Read more...News/ Major Brand Newsposted by Tom McCormick
It became known as “Corngate.” It was triggered by an Anheuser-Busch ad campaign stating that AB does not include corn syrup as an ingredient while Miller Lite and Coors Light does use corn syrup. That was followed by a lawsuit filed by MillerCoors in March in a Wisconsin federal court in which it sought to halt what it claimed was “false and misleading” ad claims and “willful trademark dilution,” saying that the ads had damaged the reputation of Miller Lite and Coors Light. A Wisconsin district court temporarily barred AB from running the ad campaign and blocked AB from using “no corn syrup” on its Bud Light packaging.
Read more...News/ Internationalposted by Tom McCormick
Heineken reported that total company volume in the US declined mid-single digit, despite the Heineken brand itself growing low-single digits driven by strong sales of Heineken 0.0.
Read more...News/ Internationalposted by Tom McCormick
Reports began to surface yesterday that the Mexican beer industry is shutting down for at least a month to help stem the spread of COVID-19. The Mexican government has classified breweries in the country as “non-essential.” Grupo Modelo, which is part of Anheuser-Busch InBev, operates 11 breweries in Mexico and produces Corona and Modelo brands which are distributed in the US by Constellation Brands. The Corona and Modelo brands accounts for 67% of total net sales of Constellation Brands.
Read more...News/ Business of Beerposted by Tom McCormick
The Mexican government has announced that it won’t allow Constellation Brands to proceed on building a massive, partly-built $1.5 billion brewery on the border town of Mexicali after residents rejected it in a referendum.
Read more...News/ General Newsposted by Tom McCormick
5W Public Relations, one of the top 15 independently-owned PR agencies in the U.S., has conducted a survey of over 700 beer drinkers in the U.S. regarding their opinions about the Corona beer brand, as a result of the deadly coronavirus that’s spreading around the world.
Read more...News/ Major Brand Newsposted by Tom McCormick
After announcing a new revitalization plan in late October, Molson Coors Beverage Co. reported declines in its worldwide brand volume, but reported fourth-quarter net income of $163.7 million, more than double the $76 million of the year-earlier quarter.
Read more...News/ Major Brand Newsposted by Tom McCormick
Molson Coors has announced a new addition to their Keystone Light lineup. Keylightful, a “fruit forward raspberry lime light beer. Yes, apparently it is a beer.
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And the 2020 M&A season kicks off. Less than a month into the year, the first acquisition of a craft brewery in 2020 was announced today when Miller Coors disclosed the acquisition of Detroit’s Atwater Brewery
Read more...News/ General Newsposted by Tom McCormick
Mark Anthony Brewing, maker of White Claw hard seltzer will build a new, 916,000 square foot production plant in Glendale, AZ. The $250 million facility is expected to be completed in a quick seven months in order to meet exploding demand..
Read more...News/ Major Brand Newsposted by Tom McCormick
Anheuser-Busch will invest $85 million in expanding its Cartersville, Georgia brewery.
Read more...News/ Major Brand Newsposted by Tom McCormick
How big is the new seltzer craze? Just look to Big Beer and the answer will jump out. BIG.
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