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
Texas Brewers May Finally Get Off-Sale Rights
It is still Illegal in Texas for breweries to sell beer to consumers for off-site consumption. But it now looks like the much debated “beer-to-go” law change may go forward after the politically powerful Wholesale Beer Distributors of Texas (WBDT) agreed to not oppose the latest version of the bill. The bill would allow brewery… Read More…
Key Investor Urges Craft Brew Alliance to Sell
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…
CBMTRA Reaches Milestone in U.S. Senate
The Craft Beverage Modernization and Tax Reform Act (CBMTRA) reached 50 percent support in the U.S. Senate today, with 51 co-sponsors to date. The bipartisan legislation, which was enacted into law in December 2017, was reintroduced in February by Senators Ron Wyden (D-OR) and Roy Blunt (R-MO). The current legislation is set to expire… 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…
Craft Brew Alliance Reports First Qtr. Results
Craft Brew Alliance reported a first quarter 5% drop in deletions, which along with a recent $4.7 million cost to settle a lawsuit over alleged “false and deceptive advertising,” resulted in a net income loss of $7.3 million. The Kona brand, driven by a $4.6 million national marketing campaign was up 10% in the… Read More…
Opening on a Two-Barrel System – Will it Work?
The pace of new brewery openings is still roaring with at least 1,049 new brewery openings in 2018, according to the Brewers Association. Many of these new openings are small. Very small. Like two barrel system small. This allows people who want to dive into the industry to do so with very little capital investment…. Read More…
Federal Excise Tax Could Double for Brewers at End of Year
The 2017 Craft Beverage Modernization and Tax Reform Act (CBMTRA), which provided tax breaks for producers in the alcohol industry will sunset at the end of this year unless Congress votes to approve legislation to extend or make the reduced tax structure permanent. In February of this year, Senate Finance Committee ranking member Ron… Read More…
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