Brewbound Industry News
Beer Institute: Domestic Shipments and Imports Both Decline in July
Domestic beer shipments drop back into the red in July, according to the Beer Institute’s (BI) latest monthly economic report.
21st Amendment to Wind Down Operations and Close Taprooms; Founders Seek Buyer for Brand
21st Amendment Brewery is ceasing operations after 25 years, as founders Shaun O’Sullivan and Nico Freccia seek a buyer for the legacy craft beer brand.
Garage Beer Takes On Strategic Investment, Constellation Alum Bill Hackett to Join Board
Garage Beer, the light beer brand that achieved national prominence when NFL stars Travis and Jason Kelce invested in it last year, has received “strategic growth investment” from Durational Capital Management, the company announced today.
Brewbound Podcast: Columbia Distributing Leaders On Building a Next Gen Pipeline of Beer Leaders
Columbia Distributing leaders believe they’ve tapped into a pipeline for the next generation of beer industry workers. On the latest edition of the Brewbound Podcast, Columbia president and CEO Chris Steffanci, VP of sales, Portland Chris Watzig and former intern Rebecca Logan share the ins and outs of the Pacific Northwest distributor’s Beer Careers Program.
Bump Williams Consulting: Consumer Shifts to Smaller Formats May Be Stickier Than Initially Thought
Consumers’ interest in single-serve and other “alternatives to the norm” in package sizes could be a sticky trend across not just beer, but other bev-alc categories as well, according to the latest monthly report from Bump Williams Consulting (BWC).
CGA & Draftline Reveal Demographics of the Draft Beer Drinker
Who drinks draft beer these days? The draft beer drinker is an older white man who is “relatively affluent" and spends around $201 monthly on dining and drinking in on-premise outlets, according to the latest “On Premise Draft Opportunity” report from CGA and Draftline Technologies.
Maine Beer Co. Founder Dan Kleban Launches US Senate Run
Dan Kleban, founder of Freeport-based Maine Beer Co., has entered the race to unseat longtime U.S. Senator Susan Collins. Kleban is the latest candidate to join a growing field of challengers in the state’s Democratic primary to take on Collins, a Republican, in 2026.
Circana Weekly Scans: Bev-Alc Declines Persist Ahead of Labor Day
Bev-alc’s negative trends remained relatively unchanged ahead of Labor Day, according to the latest weekly report from market research firm Circana.
Pernod Ricard Restructures Distribution to Triple US RTD Footprint
Pernod Ricard is shaking up its distribution partnerships as it plans to triple its ready-to-drink (RTD) footprint in the U.S. over the next three years.
Suntory CEO Resigns Amid Illegal Supplement Investigation
One of Japan’s best-known business leaders and the head of Suntory Holdings has resigned after a police investigation into the purchase of supplements that may have violated the country’s strict drug laws.
Constellation Brands Lowers Guidances for FY 2026; Beer Net Sales -4% to -2% Expected
Two months after reporting a down Q1, Constellation Brands downgraded its guidance for fiscal year 2026, according to a press release issued today.
Sierra Nevada’s Craft Commitment, Hazy Priority and Pale Ale Mission
Sierra Nevada is committed to craft brewing. Not that there was any doubt that the family-owned, Chico, California-headquartered brewery is all in on craft beer, despite a downturn in the segment’s trends.
Insider’s Week in Beer: 📋 Tilray Gets Off Nasdaq’s Naughty List
Despite requesting an extension to its previous deadline, getting stockholder approval for a reverse stock split earlier this summer (which it ultimately decided against) and the stock hitting a low of … $0.35 a share at one point in the past year – Tilray was able to keep its stock above $1 a share for 10 consecutive days this month, and thus get off the NASDAQ’s naughty list.
All Beer Segments in Contraction in August BPI as Slow Summer Causes Bloated Inventories
It appears beer wholesalers are not very optimistic for an end-of-summer boost in sales, according to the latest Beer Purchasers’ Index (BPI) from the National Beer Wholesalers Association (NBWA).
Press Clip: Redhook Founder Gordon Bowker Dies at 82; Tilray Escapes Delisting
Check out these news items, initially reported in the Brewbound Insider Newsletter between August 27-29.
PepsiCo Taps Celsius As ‘Strategic Energy Lead,’ Backed By $585M Investment
The thriving partnership between Celsius and PepsiCo is entering a new phase. The two companies announced an expansion of their long-term strategic alliance this morning that positions Celsius Holdings as PepsiCo’s “strategic energy lead in the U.S."
Circana: Imports and Hard Cider Lead Improved Beer Trends; FMBs Only Segment With Downward Trajectory
Craft wasn’t the only segment to record some improvement in recent scans, according to the latest monthly report from market research firm Circana.
Can Soju RTDs Ride The Korean Wave Into The Mainstream?
Korean soju is one of the top selling spirits in the world, but can that popularity transfer to canned cocktails? Several emerging brands are aiming to find out.
Gold Bar Whiskey Drafts Joe Montana for 49ers-Themed RTD Launch
Gold Bar Whiskey is entering the ready-to-drink (RTD) sphere, and it’s rolling out with the support of Joe Cool himself: Hall of Fame quarterback Joe Montana.
Could This Bill Legalize Intoxicating Hemp? Here’s A First Look.
While the two Republican senators from Kentucky square off on how hemp could be regulated in the upcoming Farm Bill and conservative Texas lawmakers relitigate the state’s approach to intoxicating cannabis derivatives, another GOP congressman is laying the early groundwork for legislation to legalize it.