BI Announces Chief Economist, Federal Affairs Director
FILED MAY 28, 2015
Late yesterday Beer Institute chief Jim McGreevy sent members notice that they'd soon announce both a new Chief Economist and a Federal Affairs Director. "Michael Uhrich will be our Chief Economist and we have added the new position of Director, Federal Affairs that will be filled by Joe Heaton," per memo.
Big Hairy Predictions: Let's Recap
FILED MAY 27, 2015
Okay, Jenn wrote that headline I think as a joke, but I liked it so much I kept it. We are nearly halfway through the year, and this is a time when I go through the predictions I made in January and see -- so far -- how well we did. Let's go.
FEMSA'S Heineken Shares Are Fair Game, What's Next?
FILED MAY 26, 2015
Heineken's all-stock purchase of FEMSA's Mexican beer business five years ago awarded the Mexican conglomerate with a 20% stake, making it Heineken's second largest shareholder. Due to a lock-up on the stake, FEMSA has been unable to touch their shares but that hold expired at the end of April. What's next?
A Talk With MillerCoors' Ed McBrien
FILED MAY 22, 2015
Occasionally we like to check in with the sales guys at the big brewers, because that's where the rubber meets the road. So this week before Memorial Day we sat down with longtime MillerCoors exec Ed McBrien to get a tune-up on their business prospects. You, my friends, are a fly on the wall.
Stella Drizly's Top Beer Now
FILED MAY 21, 2015
Beer delivery app Drizly has been in the news often lately: Weeks ago, Wine & Spirits Wholesalers of America announced a minority stake and board position. And then this week, the company secured another $13 million in financing from a group of investors -- including deal fixers and private equity company, First Beverage Group.
More (Amicable) Deals
FILED MAY 20, 2015
Yet another deal in the West. This time, MillerCoors/Constellation Beer house CenCal Beverage Co. told employees this week that they're selling to two California distributors: DBI Beverage and Valley Wide Beverage.
Corona, (Yes Corona), Fueling Constellation Beer's Growth
FILED MAY 19, 2015
Morgan Stanley released a note this weekend revealing some major tailwinds for Constellation Beer. According to an AlphaWise study they commissioned in April, improved macro trends (consumer spending) seem to be benefitting Constellation Beer more than other major beer suppliers. The bank gave the company an overweight rating.