USA | The Brewers Association (BA) has expressed its gratitude to the 116th Congress for extending the current Federal Excise Tax (FET) rates for breweries and beer importers for one year (2020).
USA | Faced with New Belgium’s exclusion from its tables, the Brewers Association (BA) in its year-end statement has reiterated its estimate that a 4 percent growth in beer production for small and independent breweries seems likely for 2019.
USA | Constellation Brands didn’t waste any time with Ballast Point. Once a buyer had been found for its underperforming craft brewer, Constellation cut the line. Will its billion dollar investment in cannabis firm Canopy Growth share the same fate?
USA | Four years ago, San Diego’s craft brewer Ballast Point took the beer world by surprise when it abandoned an IPO and accepted a USD 1 billion cheque from Constellation Brands. On 3 December 2019, it shocked fans again.
USA | Good grief. Who wants to be seen wearing a onesie? Yet, Molson Coors is selling a holiday onesie, aka a full-body sweatsuit with a hood, a full-length zipper and two pockets, to help drinkers “embrace their post-holiday chill”.
USA | AB-InBev is weighing the sale of its packaging business, which could be valued at between USD 5 billion and USD 6 billion, Reuters reported on 28 November 2019.
USA | Following Molson Coors’ recently announced restructuring programme, analysts are wondering if it might pave the way for an asset sale.
USA | The news sent shock waves across the industry. Just days after AB-InBev bought out Craft Brew Alliance, the fourth largest US craft brewer New Belgium was sold to Australia’s number two brewer Lion, which is owned by Japan’s Kirin.
USA | You could say: when the going gets tough, the tough get going … but the wise will seek an exit.
USA | With New Belgium’s 100 percent sale to Lion, a major craft brewer will exit the Brewers Association’s ranking.