Category: News From The Breweries
News stories from craft brewing companies
News Boston Beer Announces Tough Second Quarter as Hard Seltzer Declines
Boston Beer has again cut its earnings forecast as demand for its once hot hard seltzer Truly continued to decline along with the category as a whole. Hard seltzer dollar sales declined by 13% in the second quarter of 2022 (in measured off-premise channels).
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News Winning Bidder for Modern Times Drops Out – Maui Brewing May (or May Not) Be Next
Anaheim, California-based Brewery X, who was the highest bidder during the auction for Modern Times Brewing has dropped out and will not proceed in taking ownership of the San Diego brewery, according to an article in the San Diego Union-Tribune. The backup-bidder was Maui Brewing Company, but that doesn’t mean that their interest is still intact.
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News Russian Rivers’ Annual Pliny Release Generates Record $6.1 Million Economic Impact
We’ve seen economic impact reports for the beer industry as a whole, for the craft segment, both nationally and state-specific. But narrowing down to study the economic impact of a single beers release seems pretty microscopic. Unless its Pliny the Younger and the total impact to the local economy is a whopping $6.1 million.
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News New Belgium and Bell’s Hire DEI Director to Serve Both Breweries
New Belgium Brewing and Bell’s Brewery appointed a director of diversity, equity and inclusion who will work for both breweries. Courtney Simmons will serve as the newly combined company’s director of diversity, equity and inclusion (DEI).
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News New Owner of Cincinnati Beverage Co May Revitalize Heritage Brands
The new owner of Cincinnati Beverage Co., brewer of heritage brands such as Christian Moerlein, Hudepohl, Burger and Little Kings, plans a $30 million renovation of three historic brewery buildings in Cincinnati, Ohio.
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News Chris Jackson of Seismic Brewing to Purchase Golden State Cider
Chris Jackson, founder and president of Seismic Brewing Company in Santa Rosa, CA has announced that he and his wife Ariel will purchase Golden State Cider of Healdsburg. The cidery was founded 10 years ago and uses locally grown apples for its production.
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News Lagunitas Sells 50% Stake in Moonlight Brewing to The Bruery Founder Patrick Rue
Moonlight Brewing Company, the iconic 30-year old pioneering brewery in Santa Rosa, California has taken another twist in ownership with the announcement that Patrick Rue, founder and former owner of The Bruery would buy the 50% stake in the company that is owned by Heineken.
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News Craft Beer Marketing Awards Announce 2022 Medal Winners
The 2022 Craft Beer Marketing Awards (CBMAs) “Crushie” winners have been announced. Part one was announced in a virtual awards ceremony on Thursday, May 28th and the final winners were announced on May 4th Live at the Craft Brewers Conference in Minneapolis, MN.
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News Stone Brewing’s Win in Trademark Case May Not Solve Financial Problems
Late week a jury awarded Stone Brewing $56 million in damages against MolsonCoors in conclusion of a four-year trademark infringement lawsuit. Although it was most likely the largest settlement for trademark infringement ever in the beer industry, it may not solve Stone Brewing’s financial problems,
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News Stone CEO Acknowledges $464 Million Debt to Investor in Court Case Against MillerCoors
San Diego-based Stone Brewing owes its investor VMG/Hillhouse $464 million according to testimony by Stone CEO Maria Stipp in a court case against MillerCoors. In the lawsuit, Stone has claimed that the MC beer Keystone Light infringed Stone Brewing’s trademark when it rebranded the packaging in April 2017. Stone filed a lawsuit against MC in February of 2018.
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News A List of Over 200 Women-Owned Breweries Across the Country
Writer Emma Wargolet has compiled a list of women-owned breweries across the United States. The list was put together with the help of PorchDrinking writers, Colorado Brewery List, the Pink Boots Society, various Hop Culture articles, and a diverse breweries database created by Jeff Alworth.
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News Boston Beer Reports Fourth Quarter and Full Year Financial Results
The Boston Beer Company today reported that fourth quarter depletions increased 15% and fourth quarter shipments decreased 24.5% compared to the quarter ended December 26, 2020. Fourth quarter net revenue of $348.1 million decreased 24.5% compared to the net revenue realized in the fourth quarter of 2020.
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News Stone Fallout – The Why and How of the Brewery that Would ‘Never Sell Out’
Posted by Tom McCormick
The sale of Stone Brewing to Sapporo U.S.A last week is without a doubt the biggest story of the year so far in the craft brewing industry. It has been a relatively quiet year news-wise in the beer industry as a whole, with few large acquisitions being announced half way through 2022. Although it was clear that Stone Brewing was financially stressed after testimony in the Molson Coors litigation became public, it was still a bit of a cultural shock when the sale to Sapporo was announced, perhaps in part because Stone co-founder Greg Koch repeatedly claimed over many years that the company would never “sell out.”
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