Category: Business of Beer
Industry news related to the brewing industry and the business of beer
News Boston Beer Depletions Up 24% in Second Quarter – Net Earnings Down as Truly Misses Expectations
The Boston Beer Company reported second quarter 2021 net revenue of $602.8 million, an increase of $150.7 million or 33.3%, from the same period last year. Net income for the second quarter was $59.2 million, a decrease of $0.9 million or 1.6% from the same period last year.
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News What’s In a Name – Trademark Suits Swirl Around Canopy
During the burgeoning growth spurt of the last 10 years there have been numerous lawsuits in the craft brewing industry over beer names. That seems to have calmed down, but bigger stakes abound in the industry. Canopy Growth, the Canadian cannabis company, is being sued by Remy Cointreau at the same time as Canopy’s biggest shareholder, Constellation Brands, is in a fight with Anheuser Busch InBev over the right to use the Corona brand name in the alcoholic flavored water sector.
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News Cannabis in a Can? Dale Katechis Joins Veritas Fine Cannabis
Oskar Blues owner and founder Dale Katechis, who broke open the dam holding back craft beer in cans by being one of the first (probably the first) craft brewer to package craft beer in cans over 20 years ago has now jumped over to the cannabis industry by joining Veritas Fine Cannabis as an investing partner.
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News Sweetwater to Expand West with Opening of New Brewery in Ft. Collins
Georgia-based Sweetwater Brewery announced that they have purchased the brewery and 32,450 square foot building that previously housed Red Truck Brewing Company in Ft. Collins, CO. The new facility will provide them with capacity to expand the Sweetwater brand to west coast markets.
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News These Breweries Boost Workplace Morale by Encouraging Communication and Incentivizing Their Employees in Unique, Fun and Meaningful Ways
The following is the fourth and final article written by Tara Nurin exclusively for ProBrewer. Visit the ProBrewer Diversity, Equity, and Inclusion resource page for additional DEI articles and resources.
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News After 30 Years Leading ABInBev, Carlos Brito Looks Back – and Ahead
Carlos Brito, who stepped down as CEO from Anheuser-Busch InBev last week, made a major impact on the global beer industry by transforming ABInBev into the world’s largest brewing company through a series of aggressive deals and acquisitions.
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News UK On-Premise Sales Down as Restrictions Remain in Place. US Trending Above 2019
On-premise sales in the UK for the week ending June 26th were down by 28% on the same week in 2019, according to the CGA’s Drinks Recovery Tracker. It is the third week in a row that the comparison with 2019 has weakened. The UK has stalled the full reopening of the on-premise sector due to an increase in COVID cases. The government has said that most restrictions on bars and restaurants should end on July 17th.
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News Biden Executive Order Could Have Favorable Impact on Craft Brewers
Posted by Tom McCormick
The Biden administration has issued an Executive Order intended to promote competition in the economy which could have an impact on the alcohol beverage industry that would benefit small craft producers.
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