The Americas
USA | Shares of Constellation Brands were slightly down on 8 April, after the beer, wine and drinks producer said it pulled a longer-term forecast, citing an “evolving socio-economic backdrop and limited near-term visibility”.
The Americas
USA | US spirits exports were down 3.8 percent in value to USD 2.37 billion in 2025, according to the 2025 American Spirits Exports Report, released on 31 March by the Distilled Spirits Council (DISCUS). Overall, exports were weighed down by declines in two major markets, Canada and the EU, due to trade tensions and retaliatory actions. Indeed, excluding Canada, US spirits exports were actually up 2.5 percent in 2025.
The Americas
USA | One year after Canadian provinces began removing US wines from store shelves in retaliation for Mr Trump’s tariffs, new data underline how the bans and “Buy Canadian” campaigns triggered a collapse in US wine exports. Full-year 2025 trade data from the Wine Institute shows that exports to Canada fell 78 percent year-on-year, driving a USD 357 million decline in value.
The Americas
USA | Craft brewer Firestone Walker has acquired the US rights to Trumer pils from the Texas firm Gambrinus, the brewer of Shiner Bock. It plans to move production from the Trumer brewery in Berkeley, San Francisco, to its own Paso Robles brewery in California and start serving the award-winning German-style pilsner as early as this summer. The deal, announced on 27 March, will add roughly 28,000 barrels of Trumer to Firestone Walker's output, pushing its annual sales to over 500,000 barrels beer, observers said.
The Americas
USA | Tilray Brands, the brewer of Shock Top and a host of craft beers, will buy some of BrewDog’s American assets. The announcement (16 March) came just two weeks after the company acquired BrewDog’s brewing operations in Australia and the United Kingdom. Under the deal, whose financial terms were not disclosed, Tilray will take on BrewDog’s brewery, bar, and hotel in Columbus, as well as the bars in New Albany and Cleveland – all in Ohio – plus the bar in Las Vegas.
The Americas
USA | Dramatic change is afoot in Chicago’s craft beer industry. At least five breweries have already closed or announced closures this year. Industry experts predict more are on the way, local media reported on 11 March.
The Americas
USA | The cannabis and beverage company Tilray Brands clinched a deal to buy parts of the insolvent BrewDog for a fraction of its previous valuation. But the transaction fails to excite its investors. Tilray’s share price fell 3.2 percent to close at USD 7.36 on 3 March. Management acknowledged that the acquisition will make a limited contribution to earnings in the short term. Only from the 2027 financial year onwards, the integration is expected to generate annual net sales of USD 200 million, and a modest EBITDA of between USD 6 million and USD 8 million.
The Americas
USA | The Supreme Court ruled that President Trump exceeded his authority when imposing sweeping tariffs, using the 1977 law called the International Emergency Economic Powers Act (IEEPA). But the ruling only covers those tariffs initiated under the IEEPA, which may not include imports of aluminium or steel.
The Americas
USA | Boston Beer, which produces Samuel Adams beer and Truly Hard Seltzer, reported a negative impact from tariffs during the fourth quarter, the Wall Street Journal reported on 24 February. It posted lower revenue in the fourth quarter and said shifting tariff policies could significantly impact its guidance for the year.
The Americas
USA | Cannabis and craft beer producer Tilray Brands must have a lot of spare brewing capacity, as it has entered into a licensing agreement with Carlsberg for the production, marketing and selling of the Danish brewer’s portfolio in the US, media reported on 19 February.

