AB InBev has announced that it will sell its Australian subsidiary Carlton & United Breweries to Tokyo-headquartered Asahi in a deal valued at $11.3 billion. The deal was announced just days after AB InBev pulled plans to list its Asia business on the Hong Kong Stock Exchange in an IPO that could have raised… Read More…
No Surprises in Mid-Year Craft Report
Brewers Association (BA) defined craft was up 1.8% by volume in the first half of the year according to the mid-year Insights and Analysis by BA economist Bart Watson. This year is looking very similar to last year which showed a 1.6% increase at the same time. The data used is from IRI scans which… Read More…
Leaving Crowdfunders Behind – Hop Stuff Sells to Molson Coors
Molson Coors has purchased the London, UK Hop Stuff Brewery, to the dismay of Hop Stuff fans who donated millions to Hop Stuff’s crowdfunding campaign. Founder James Yeomans will remain with the business. Jim Shearer, Molson Coors’ marketing director said in a The Drinks Business online article that “We recognized in the Hop Stuff… Read More…
Sad But True Department – Pabst Intros Hard Coffee
The “new age” of alcohol beverages is the talk of the industry with hard seltzers, hard kombucha and other innovative drinks seemingly all the rage. Like a race to be the “next new style” of beer created grapefruit IPA’s, Hazy this-and-that and other esoteric flavors, will we now see a surge in “off-flavored” alcoholic beverages?… Read More…
Billy Busch Ends Foray into Brewing
The William K. Busch Brewing Co., maker of Kräftig beer, is ceasing operations, end his personal and ambitious foray into the beer business. Busch is the son of the late August “Gussie” Busch Jr. but never worked for Anheuser-Busch. When A-B sold to Belgian brewer InBev in 2008, Billy Busch set off to… Read More…
Pressure is Up – Are Prices Going Down?
No doubt the entry of into the craft segment by Anheuser-Busch and other Big Alcohol giants through craft brewery acquisitions has turned up the pressure in the market place. Competition is as tough for craft brewers as it has ever been. But will Big Alcohol use their size to push pricing down – to squeeze… Read More…
Reyes Makes Another Major Acquisition
Reyes Beverage Group made another big push in California, announcing that they have acquired DBI Beverage in the north state. The sale is slated to close in September. The acquisition has been rumored for many months and was no surprise to the industry. DBI is a MillerCoors, Constellation and craft house with a sizable… Read More…
Kona Beer Class Action Settlement Reached
Beer consumers will be able to file a claim for up to $20 from a Kona Beer class action settlement resolving claims that the beer was not actually made in Hawaii. The settlement covers purchases made between February 28, 2013 and June 14, 2019 for any package and style of Kona beer. The class… Read More…
Bourbon warehouse fire run off kills scores of Kentucky River fish
According to Jim Beam’s parent company, Beam Suntory, a warehouse holding 45,000 barrels of whiskey in Versailles, Kentucky caught fire Tuesday night (July 2.2019). The fire is now out but the cause has not been determined. Dead fish are floating down the river and piling up along its banks as officials monitored the scene and… Read More…
Ontario Investing in Local Craft Brewing Industry
The governments of Canada and Ontario are investing $1 million in projects to help grow the craft beer industry in the province of Ontario. The grant funding was announced during Ontario Craft Beer Week. The money will be given to local craft breweries to modernize equipment, conduct market research and other projects according to… Read More…
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