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The Americas
USA | Constellation Brands will spend USD 40 million, its biggest-ever single-brand investment, to launch its Corona brand hard seltzer this spring, marketwatch.com reports.
The Americas
USA | Molson Coors will cease production at its Irwindale brewery, California, in September, unless Pabst Brewing takes up the option to buy the facility, The Los Angeles Times said on 8 January 2020.
The Americas
USA | Is this some elaborate blame game? MillerCoors has announced the closure of its Irwindale brewery, while granting rival brewer Pabst the option to buy it. But Pabst does not need the capacity.
The Americas
USA | Even with New Belgium’s volumes deleted from the Brewers Association’s table, the industry organisation expects craft beer volumes to have grown about 4 percent or 1 million barrels in 2019.
The Americas
USA | New Belgium is no longer employee owned and can no longer be considered an independent craft brewer, after employees/shareholders approved of the sale to Australia’s brewer Lion on 17 December 2019.
The Americas
USA | Consider this: Kirin’s purchase of craft brewer New Belgium did more to raise international awareness about Kirin’s political balancing in Myanmar than previous reports by the United Nations and Amnesty International.
The Americas
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).
The Americas
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.
The Americas
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?
The Americas
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.
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