Dear Client: It’s a seltzer theme for today’s issue. Get used to it: Boston Beer reports this afternoon, and you can bet their stock is depending a lot on trends for Truly Hard Seltzer, the second largest hard seltzer (behind White Claw). We’ll bring you the deets when that hits. But we’re not talking Truly … Continue reading “Smirnoff Gunning For a Top 3 Hard Seltzer Spot”
Is it worth not having a tax increase?Also, importers watching a proposal that would force every container to be searched, and Foster’s will wring efficiencies out of its brewing division by, what else?, shuttering a brewery.
Veteran M&A consultant Andy Christon speaks with Beer Business Daily about distributor values, deal flow, and whether we’ll ever see public ownership of distributorships.
Cannibalization, weather, economy, war it takes its toll. Boston Beer posted a loss in Q1, but STRs up about 2%.Plus, Beer Inst and NBWA publish a new study that shows that the beer industry has a huge impact on our economy.
While my break was refreshing, it is good to be once again back behind the platinum Beer Business Daily keyboard. Let’s get back to it. December is not turning out to be the savior of the fourth quarter we once thought. Distributors polled by Beer Business Daily are lamenting the holidays as “sluggish”. One problem is the weather as storms continue to plague the Midwest . Another is that Christmas and New Year’s day occurred in the middle of the week. An exception to this is A-B, which gained some ad activity late in the month.
A three-judge panel of the 4th U.S. Circuit Court of Appeals affirmed a federal district judge’s ruling that the double standard of in-state wineries being allowed to direct ship while out-of-state wineries can’t, violates the Commerce Clause. No big deal there.
The numbers are in, and it is surprising to no one, atleast not the informed readers of BBD, thatANHEUSER-BUSCH broke the psychological barrier of 100MILLION BARRELS of beer worldwide in 2001, much morethan any other brewer.
Adolph Coors Co. agreed to purchase the Carlingdivision from Interbrew SA for $1.7 billion, in a dealthat gives Coors one of the leading beer brands inBritain and turns a backwater no. 3 Colorado brewerinto a global player. The deal was announced onChristmas Eve.