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Dear Client: Surfside may be one of the hottest stories in RTDs, but parent Stateside Brands isn’t coasting, they’re already paddling into the next wave. CEO and co-founder Clem Pappas joined us on BeerNet Radio this week with news of the company’s next act: Super Lyte, a vodka-based “vodka + ade” line inspired by classic sports drink flavors with offerings like Fruit Punch, Orange, Lemon Lime and Blue Chill. The line — which checks in at 4.5% ABV and holds
Rahul Says “This Cycle Will Pass,” Eyes Economy Fix, Needle-Moving M&A
Dear Client: Molson Coors chief Rahul Goyal laid out how he’s thinking about beer’s downcycle, and what levers Molson Coors plans to pull at Morgan Stanley’s Global Consumer & Retail Conference yesterday. “THIS CYCLE WILL PASS.” He acknowledged that beer has clearly taken another step down this year. For most of the decade before COVID, beer volumes fell 1% to 2% a year. In the years after, the category softened into the “minus-3-ish” range. But this year, he noted, the
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