USA: Constellation Brands sees shares fall as supply chain costs offset beer sales growth

Shares of Constellation Brands fell on January 5 after the wine, beer and spirits company reported ongoing supply chain costs that offset sales growth in its beer category. The stock was ...
Опублікований 05/01/2023 Далi

USA, VA: Beltway Brewing Company in Sterling closing down its operations

Beltway Brewing Company in Sterling is closing down operations. The announcement was made on January 4 via social media. “While I could regale you with Monday morning quarterbacking of all the ...
Опублікований 05/01/2023 Далi

China: China’s top brewer diversifying into baijiu white liquor

China's top brewer is diversifying as beer sales shrink in China. It is homing in on the baijiu white liquor market, which it sees as having huge growth potential, the ...
Опублікований 04/01/2023 Далi

World: Analysts upgrade their rating for Heineken NV as near-term risks are now seen as balanced

Analysts at Barclays have upgraded their rating for Heineken NV to 'equal-weight' from 'underweight' as they now see the "near-term risks as balanced" for the Dutch brewing giant following a ...
Опублікований 04/01/2023 Далi

USA, IL: Smylie Brothers brewpub permanently shuts down in Evanston

Smylie Brothers, an eight-year-old brewpub in downtown Evanston, permanently shut down on New Year’s Eve, just four months after it closed its location in the Lakeview neighborhood on Chicago’s North ...
Опублікований 04/01/2023 Далi

Europe: Asahi unveils 0% alcohol beer across eight markets

The European arm of Japanese beverage giant Asahi Group has launched a zero percent alcohol version of its popular brand. Asahi Super Dry 0.0% begins its release across eight markets ...
Опублікований 02/01/2023 Далi

UAE: Dubai ends 30% tax on alcohol sales, makes liquor licenses free to obtain

Dubai ended its 30 percent tax on alcohol sales on December 31 and made its required liquor licenses free to obtain, in an apparent move to further boost tourism to ...
Опублікований 02/01/2023 Далi

Belgium: Castle Malting joins Soufflet/InVivo Group

Malteries Soufflet and Jean-Louis Dourcy, majority shareholder of Castle Malting, announced on January 2 the signature of a binding agreement on the acquisition by Malteries Soufflet of 100% of the ...
Опублікований 02/01/2023 Далi

UK: Brewers and hospitality groups preparing for hit to beer sales this year

Brewers and hospitality groups are preparing for a hit to beer sales this year after signs emerged of UK and European consumers limiting their drinking budgets, the Financial Times reported ...
Опублікований 02/01/2023 Далi

USA: Demand for non-alcoholic beer to continue growing in 2023 – Athletic Brewing Company CEO

The start of ‘Dry January,’ a month when many people avoid drinking alcohol, typically brings a heightened level of attention to non-alcoholic drinks. But the CEO of one of the ...
Опублікований 02/01/2023 Далi