Molson Coors Exceeds Q1 Shipment Expectations Despite 10+ Week Strike at Fort Worth Facility
Molson Coors’ shipments in the Americas outpaced depletions by more than 750,000 hectoliters (more than 639,000 barrels), exceeding the company’s already inflated expectations for Q1 as it prepares for elevated summer sales, leadership shared today on a call with investors and analysts.
Beam Suntory Rebrands to Suntory Global Spirits
Beam Suntory is rebranding to Suntory Global Spirits, a move that both reflects back on the decade since the Japanese spirit giant acquired the maker of Jim Beam, as well as the company’s continued evolution into a global premium spirits and ready-to-drink competitor.
Molson Coors: Q1 Americas Shipments +7.5%, Depletions +5.3%; Share Gains ‘Are Permanent’
Molson Coors net sales increased +10.7% (+10.1% in constant currency) in Q1 2024, as the company continues to record volume growth from its core brands, the company reported today.
Firestone Walker Gets into Non-Alc with 8ZERO5, Prepares for the ‘Summer of Cerveza’
Firestone Walker is the latest top craft player to enter the non-alcoholic (NA) beer space by leveraging the brand equity of its biggest brand. 8ZERO5 blonde, an NA version of the Duvel Moortgat-owned craft brewery’s 805 flagship, will only be available in its home state of California following Labor Day.
Industry Data Veteran Joins 3 Tier Beverages as First COO
Turiya Luzadder, a former strategic analyst for Molson Coors, has joined 3 Tier Beverages as the Chicago-based data analytics and sales consulting firm’s first chief operating officer (COO).
Brewbound Launches New Press Release Portal
With our new self-service press release portal, you can get your press release / news posted more quickly with increased control over formatting AND the ability to make changes after publishing.
Jack’s Abby CEO Sam Hendler on Wormtown Acquisition, Be Hoppy IPA and Brand Interaction
Fresh off the announcement that he and his brothers and business partners have struck a deal to acquire Worcester, Massachusetts-based Wormtown Brewery, Jack’s Abby co-founder and CEO Sam Hendler discussed the deal in depth with Brewbound.
Beer Purchasers’ Index: April Posts Highest Total Beer Reading Since 2021
It appears that beer distributors are optimistic about the beer category’s upcoming spring/summer performance. The category posted a Beer Purchasers’ Index (BPI) reading of 62 for the month of April, marking the highest BPI reading, and first reading above 60, since December 2021,
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🥨 INSIDER’S Week in Beer: Oktoberfest 2024: All ABV, No THC
Well, anyone planning on doing a Carl Spackler-style “cannonball” at this year’s Oktoberfest needs to re-strategize. Yes, the Germans have totally pulled a narc move and are banning the smoking of marijuana at this year’s Oktoberfest celebrations.
Jack’s Abby to Acquire Wormtown Brewery Under New Parent Company Hendler Family Brewing
Jack’s Abby will acquire fellow Massachusetts-based craft brewery Wormtown Brewery, and will operate the two breweries under the newly created parent company Hendler Family Brewing Co.
New Belgium Promotes Rich Rush to Chief Sales Officer
New Belgium Brewing Company has appointed Rich Rush as its next chief sales officer.
Brewbound Podcast Bonus Episode: North Coast Brewing’s Jennifer Owen; Plus, Tom McCormick and HopXL’s Eric Duchin
In the last round of interviews from the Brewbound Podcast On Location at the California Craft Beer Summit, North Coast Brewing CEO Jennifer Owen discusses taking Acme California Lager statewide, what it means for the Fort Bragg, California-based brewery to be a certified B Corporation and the company’s charitable work.
NB2A: Black-Owned Breweries Are Growing Based on Craft’s Original Playbook – Authenticity and Community
While craft finished 2023 in decline, Black-owned craft breweries were able to grow, according to National Black Brewers Association (NB2A) executive director Kevin Asato in a press conference Wednesday during the Craft Brewers Conference in Las Vegas.
FX Matt Acquires ’Merican Mule Canned Cocktails
FX Matt Brewing Company has made another strategic acquisition, this time in the spirits category.