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The Americas
Oh dear, do they really call this innovation? The U.S. craft beer scene has been abuzz with talk about nitro beers for months, ever since Boston Beer, the number two craft brewer in the U.S., announced they would launch a series of nitro beers early next year, thus making several gassed-up commentators wonder if these beers will be the new IPA.
The Americas
William (Bill) Siebel, philanthropist and former President of the Siebel Institute, died 8 November 2015, aged 69.
The Americas
Virginia’s capital does not seem to have any vocal teetotalers because the city was allowed to raise “beer money” via the sale of bonds. Officials pledged USD 23 million towards the first phase of the brewery project, which would be repaid over the course of a 25-year lease between the Californian brewer Stone and the authority, which was signed in March this year.
The Americas
While AB-InBev’s takeover of SABMiller is still underway, media pundits have started wondering what lies in store for the world’s medium-sized brewers like Heineken, Molson Coors and Carlsberg? Resorting to common sense quips, their strategic position boils down to: being in the middle either sucks or can be fun. At the moment, the first interpretation seems to prevail.
The Americas
Shareholders in Molson Coors certainly think so. The brewer’s stock has risen since news of a possible tie-up between AB-InBev and SABMiller broke in mid-September 2015.
The Americas
Regulators are having a busy time looking into allegations that brewer AB-InBev is limiting competition from craft brewers by buying distributors, media reported on 12 October 2015.
The Americas
So they are after craft brewers across the border too. The Toronto-based Mill Street Brewery, one of Canada’s largest craft brewers, was bought by AB-InBev’s local unit Labatt, media reported on 9 October 2015.
The Americas
Bell’s from Kalamazoo, Michigan – the eighth largest U.S. craft brewer – has released its first beer fermented in wooden tanks, which were once used by the long-defunct Stroh brewery in Detroit, media reported on 6 October 2015.
The Americas
For the cognoscenti, it’s just a metric by the name “negative cash conversion cycle” but it basically measures the time gap for a company between taking in cash from customers and paying its suppliers. Delaying payments to suppliers has apparently become fashionable. As Stephanie Strom reported in the New York Times in April this year: “In the past, extended payment terms often were a signal that a company was experiencing worrisome cash flow problems, but these days big, robust companies are imposing new schedules on suppliers as a business strategy.”
The Americas
Dogfish Head, the popular Delaware craft brewer with a cult following, has succumbed to the lure of Wall Street money by giving the New York private equity firm LNK a 15 percent stake in the company. On 28 September 2015, Dogfish’s founder Sam Calagione, 46, who only a few days previously had been feted by Vanity Fair magazine as one of the U.S. “celebrity brewers”, shared the news with his employees.
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BRAUWELT on tour
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BRAUWELT on tour
