Constellation Brands books impairment charge on craft beer
USA | What more evidence do we need that corporate craft beer brands are struggling? Constellation Brands recorded an impairment charge of USD 66.5 million pertaining to what is left of its craft beer division in its fiscal year 2023 fourth quarter. This was reported by the website brewbound.com on 12 April.
USA | In a case that revolved around the definition of “beer”, a federal jury ruled that the third-ranking US brewer, Constellation Brands, can continue to sell Corona and Modelo hard seltzers in the United States.
Brazil | Before its investors have nervous fit over Heineken being put on a blacklist in Brazil, the Dutch brewer issued a statement saying that it is not experiencing a boycott.
USA | Molson Coors has continued its foray into the whiskey category with the release of its first bourbon, Barmen 1873 Bourbon, in April. The initial roll out covers 13 US states, and the suggested retail price is around USD 40 per bottle.
USA | After Dylan Mulvaney promoted the beer on the internet, well-known US conservatives tried to start a boycott. Will the controversy hurt Bud Light in the long run?
USA | Only five years after it opened, the Guinness Open Gate Brewery outside of Baltimore, Maryland, will cease its brewing operations and lay off some 100 workers.
USA | For decades, Bud Light has enjoyed the reputation as the beer of choice for regular Joes. But AB-InBev's decision to partner with transgender TikTok personality Dylan Mulvaney to attract younger drinkers has infuriated some of the brand's most loyal, more conservative customers.
USA | The Kirin-owned craft brewer, New Belgium, announced on 23 March that it will purchase Constellation’s 125,000-barrel brewery in Virginia to keep up with rising demand for its Voodoo Ranger line of IPAs. No financial details were disclosed.
USA | The analysts must be desperate for a big beer deal. Or why would Bernstein, an investment firm, out of the blue, discuss the potential benefits of a tie-up between brewers Heineken and Boston Beer?
USA – As the Big Brewers move with the market, strategy swings are to be expected. But AB-InBev’s recent cuts to its craft brewing personnel suggest that a major “portfolio rebalancing” is underway.
USA | The Brewers Association (BA) generated USD 23.4 million in total revenue in 2022, surpassing the USD 20 million mark for the first time since 2019, the website brewbound.com reported on 16 February.
BRAUWELT on tour
Crop and market update & hop crop 2023 estimate
Playing with tradition reload hopsteiner hopoils - type essential
Hopsteiner Sustainability report receives the "German Design Award 2023"
Playing with tradition reload hopsteiner hopoils - type selected
Hop acreage 2020-2023