Brewbound Industry News

On-Premises Update & 2025 Outlook – CGA by NIQ December 2024

Beer without Hard Seltzers outperformed traditional Bev-Al categories in both value and volume trend over the L52 weeks.

Brewers Association Predicts 2025: Draft, Differentiation, Adaptation and More Closures

Incoming Brewers Association CEO Bart Watson and staff economist Matt Gacioch offered a data-filled, crystal ball look at opportunities and challenges for craft brewers heading into 2025. The duo offered predictions for 10 areas of the beer business in the new year during a webinar Thursday.

Diageo Reportedly Exploring Selling Formerly Diddy-Backed Cîroc Vodka

Diageo is reportedly exploring a sale of Cîroc Vodka, the brand once transformed by the support of disgraced music mogul Sean “Diddy” Combs, who is now in prison facing federal charges of sex trafficking among other crimes.

Circana: Craft’s Slowing Decline Hits a Snag; Growth Brands Fail to Accelerate Gains

Craft beer ended its four-month streak of off-premise dollar sales improvement during the four-week period (L4W) that ended December 1, according to market research firm Circana.

Report: Moderate Drinking Linked to Lower Some Health Risks, But Raises Breast Cancer Risk

The first of two major reports that will inform the 2025 Dietary Guidelines for Americans’ alcohol consumption recommendations has found that moderate drinking is better than not drinking for certain health issues.

California Craft Brewers Association Picks Kelsey McQuaid-Craig as Next Executive Director

The California Craft Brewers Association (CCBA) has appointed Kelsey McQuaid-Craig as the state trade group’s new executive director. McQuaid-Craig succeeds Lori Ajax, who announced plans to exit the role at the end of the year.

Brewbound Podcast: Brewers Association Picks a New CEO, A Brewbound Live Recap & the 2024 Person of the Year

The Brewbound team breaks down the choice of Bart Watson as the Brewers Association's next president and CEO, recaps the 2024 Brewbound Live business conference and catches up with the outlet's 2024 Person of the Year, Highland Brewing president Leah Wong Ashburn.

BevNET Announces 2024 Spirits Award Winners

We are proud to present the winners of BevNET’s 2024 Best Spirits Awards, a group that is reshaping and reimagining consumers’ relationship with alcohol and its zero-proof alternatives with style, personality and persistence. BevNET honors the companies, brands, individuals, products, ideas and trends that have helped drive inspiration and growth across the industry over the last 12 months.

Oregon Task Force on Alcohol Pricing and Addiction Services Submits Final Report and Recommendations; No Conclusion on Tax Increases

Oregon’s Task Force on Alcohol Pricing and Addiction Services has submitted its final report to Gov. Tina Kotek, including recommendations for reallocated resources and updated data collection.

Castle Island Acquires Cambridge Brewing’s Intellectual Property

Norwood, Massachusetts-based Castle Island Brewing Company has acquired the intellectual property (IP) of Cambridge Brewing Company (CBC). The deal closed Tuesday, three days before Cambridge Brewing was set to cease operations.

Brewers Association Taps Bart Watson as Next CEO

The Brewers Association (BA) has named Bart Watson as the trade group’s next president and CEO. Watson will succeed Bob Pease, who is retiring from the organization, effective January 3. Watson’s first day in the new role will be January 6.

Patco Brands, Producer of Rancho La Gloria, Invests in California Bottler

Patco Brands, the manufacturer of one of the leading wine-based ready-to-drink products and other private label brands, has made a strategic investment in Farfield, California-based Frank-Lin Distillers Products, the companies announced Monday.

Consumers Starting to Explore RTDs in the On-Premise

One-quarter of consumers who have visited the on-premise in the past three months have ordered a ready-to-drink cocktail (RTD) during that time, according to CGA, the on-premise arm of market research firm NIQ.

INSIDER’S Week in Beer: 🙌 Oktoberfest Stays Undefeated

This week’s beer goes out to Oktoberfest beers for kicking pumpkin beers’ a**es during this fall seasonal uh, season. Lester Jones shared this nice chart here from the folks at FINTECH in a webinar last week illustrating the dominance (well done on the Beerfest addition there – who says data nerds don’t have fun?).

CPI for Beer at Home and Away Outpaces Total Alcohol

After one month on par with the increase in overall inflation, the consumer price index (CPI) for beer at home rose faster than inflation for all items year-over-year (YoY) in November 2024, according to the U.S. Bureau of Labor Statistics (BLS).

A Drink With … Sovereign Brands Founder Brett Berish

If brands can be founders’ children, then Brett Berish has taken a very hands-on approach to fatherhood becoming the focal point for his spirits company Sovereign Brands.

Kroger, Albertsons Terminate Megamerger Agreement

The Kroger Company and Albertsons Companies this week terminated the proposed $24.6 billion merger agreement that was initially announced more than two years ago, after a federal judge sided with the Federal Trade Commission suing to block the deal and Washington and Oregon state courts put permanent injunctions in place to halt the transaction.

Hurray’s Girl Beer Wins 2024 Brewbound Pitch Slam Competition

Los Angeles-based Hurray’s Girl Beer won the 16th edition of the Brewbound Live Pitch Slam.

FTC Sues Southern Glazer’s Over ‘Unlawful Price Discrimination’

The Federal Trade Commission (FTC) is suing Southern Glazer’s Wine and Spirits (SGWS), the nation’s largest alcohol distributor, over its pricing practices.

Allagash Entering Colorado with Elite Brands

Allagash Brewing is returning to Colorado for the first time in almost 20 years. The Portland, Maine-headquartered, Belgian-inspired brewery will have statewide distribution through Elite Brands.