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» Beverage Industry NewsIn response to a recent Executive Order from the White House on promoting competition in the American market, the Treasury Department has issued a request for information to solicit comments about the current market structure and competition in the U.S. beer, wine, and spirits markets.
Read more...Anheuser-Busch InBev announced today that they missed second quarter projections as costs increased above expectations. Second quarter core profit (EBITDA) was up 31% versus company projections of 35%. Shares fell by about 6% by end of trading today.
Read more...Consumer price index for beer rose 2.2% in June versus June 2020, according to Beer Marketers Insights. That’s an improvement from May when beer was up just 0.4%.
Read more...The recent proposal in Congress to decriminalize cannabis is the latest step forward in legalizing the drug nationally. Even if Congress doesn’t pass the current legislation, it is only a matter of time before it does. Eighteen states currently allow recreational cannabis.
Read more...Boston Beer announced last week in their quarterly financial statement that sales for Truly hard seltzer were significantly lower than expected and dropped their target sales for the balance of the year. The announcement immediately triggered some in the industry to ponder if the meteoric rise of the hard seltzer category has come to an end. Even the mainstream press jumped in, with CNN posting the headline, “The hard seltzer craze has come to an end.”
Read more...The Bar Owners Alliance of San Francisco voted today in favor of requiring vaccination proof or a recent negative test to enter all of its member bars starting Thursday, July 29. The Alliance represents more than 500 bar owners in the city.
Read more...Barley growers and brewers are concerned that the overall crop quality may lower than usual as much-above average temperatures and drought plague the 2020 growing season.
Read more...With winds pushing huge amounts of smoke into portions Oregon, Washington and Idaho from numerous massive fires burning in the region, fears of smoke taint on hops have again returned this year.
Read more...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.
Read more...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.
Read more...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.
Read more...1996 was, without a doubt, an epic year in the craft brewing industry.
Read more...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.
Read more...Boston Beer Company and Beam Suntory have formed a long-term, strategic partnership to expand their key brands into new cross-categories.
Read more...Massachusetts brewer Brienne Allan, who helped initiate the #MeToo movement in the craft brewing industry, is spearheading a collaboration beer called Brave Noise pale ale.
Read more...The state budget that was signed by Connecticut Governor Ned Lamont last month will reduce the state excise tax on beer by 16.7%.
Read more...Bart Traubeck, the founder, owner, and longtime brewer at Alpine Brewing in Oroville, Washington recently passed away in his homeland of Germany.
Read more...Iron Horse Brewery of Ellensburg, Washington has finalized an agreement to acquire Bad Granny Cider Company.
Read more...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.
Read more...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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