USA | Diageo has agreed to pay a USD 5 million fine to settle with the US Securities and Exchange Commission (SEC), which had charged the world’s number one drinks company of pressuring distributors to buy excess inventory to boost its results in a flagging market.
USA | The Siebel Institute of Technology, home of the World Brewing Academy programme, has relocated to the Chicago Westloop/Greektown area, leaving Kendall College, which has undergone a zoning change and a subsequent repurposing of the building.
USA | The top brass for Lagunitas announced on 20 February 2020 that she is stepping down with immediate effect after nearly five years as CEO. Her departure comes shortly after Lagunitas reported another round of layoffs.
USA | The Coca-Cola Company has reaffirmed its full year guidance, despite an expected impact from COVID-19 on its first quarter 2020 results.
USA | Boston Beer, the maker of Samuel Adams beer, saw volume sales rise 24 percent to 5.3 million barrels (6.2 million hl) in 2019, thanks to buoyant demand for its Truly hard seltzer and Twisted Tea brands, plus the addition of the Dogfish Head brands.
USA | Is there no limit to BrewDog’s expansion across the globe? The Scottish craft brewer is now looking to build or buy a brewery in California, as its business continues to grow across the United States.
USA | In the afternoon of 26 February 2020, a gunman killed five people and then himself during a rampage on the Milwaukee site of brewer Molson Coors. The shooter was identified as working for the company. There were no reports of injuries.
USA | There is hard evidence that hard seltzer has altered the brewing industry, maybe irreparably so. Boston Beer, which remains a leading craft brewer despite the protracted decline of its flagship Samuel Adams brand, now produces more “other beverages” than it does beer.
USA | So sad. A legacy brewer bows out. Carol Stoudt, a 1980s pioneer in the craft brewing industry in Pennsylvania, will close her brewery in early spring, the firm from Adamstown said on 2 February 2020.
USA | Molson Coors’s hard seltzer Vizzy is not even out in the market yet, and already its competitor Future Proof Brands that sells Brizzy hard seltzer has cried foul.