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… Read More…
Yuengling & Molson Coors Form Joint Venture
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. The partnership will bring beers from America’s Oldest Brewery to millions more drinkers in… Read More…
Industry Needs ‘Trustbusting’ – A Look at How the Industry Favors Big Beer
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!
ABInBev and Molson Coors Show Big Drop in 2nd Quarter Financial Reports
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… Read More…
Coca-Cola Joins the Hard Seltzer Party
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. Full story here.
AB to Pay Record $5 Million Fine to TTB for Trade Practice Violations
Ever wonder how Anheuser-Busch products seem to be so often showcased in stadiums and other entertainment venues? This might provide a clue. ABInBev has agreed to pay a record $5 million offer in compromise to the Alcohol Tobacco Tax and Trade Bureau (TTB) for alleged trade practice violations related to sports and entertainment sponsorships… Read More…
Brewing Shutdown in Mexico Leaves Country Dry with Shortages Possible in US
What is worse than a stay-at-home order amongst a pandemic? A stay-at-home order without beer. Beer production in Mexico was halted more than a month ago as health officials declared brewing a “non-essential” activity. Since then, beer has become almost impossible to buy in Mexico. While Heineken has paused brewing in Mexico, Constellation… Read More…
Court of Appeals OK’s Anheuser-Busch Corn Syrup Ads
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… Read More…
Heineken Drops in 1st Quarter – Lagunitas Continues to Struggle
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. Lagunitas sales were reported as down high-single digits, the largest quarterly drop since the company acquired the California company. This was certainly due in part to the… Read More…
Mexican Brewers Shut Down After Being Deemed ‘Non-Essential’
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… Read More…
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