Columbia Buying Mesa in Northern California
FILED JULY 31, 2015 "In a move that will expand its footprint outside of Oregon and Washington, Columbia Distributing today announced it will purchase all assets of Mesa Beverage Co. based in Santa Rosa, California," Columbia announced today. Mesa represents a portfolio of more than 30 international, national and local beer, energy and water suppliers. The transaction is expected to close on October 31, 2015. Read More
Jim: No Exit Strategy
FILED JULY 31, 2015 So you editor has been traveling lately. I've been to London, New York, Germany, Austin…… and the question wherever I go is: When or if is Boston Beer's Jim Koch retiring? Is he going into politics? Is his wife so rich and hot that he'll retire and just hang with her? Will he die? The answer, of course, is no. He will never die. And it doesn't appear he's going to crank out a rocking chair and just chillax. Read More
A-B Depletions Down 2.2% in U.S.
FILED JULY 30, 2015 A-B Q2 is in, with U.S. sales still struggling and helping to drive down overall profit. Company reported U.S. shipments down 1.1% for quarter (3.5% for half year), and depletions down 2.2%, (1.9% for the half year) "due to adverse weather conditions in key markets, and some share loss." Recall that Q1 depletions had been down 1.5%. Read More
A-B Q2 Call: Ritas Dragging on U.S. Mix But Innovations Still Worth it
FILED JULY 30, 2015 We reported A-B U.S. Q2 results are down 2.2% in depletions and 1.1% in shipments, with revenues per hectoliter up a mere 1.2%. Chief Carlos Brito blamed the sales performance on a familiar culprit. The U.S. economy is improving but "weather was a major negative factor" in the quarter. "May was the wettest month in well over 100 years," he said. "June weather was also poor." (Still, they continue to see improving trends for industry, full year: Their 2015 U.S. volume outlook still calls for volumes to improve in FY15 compared to FY14, and for shipments and depletions to converge.) Read More
Pabst Taps Former Red Bull VP Brian Bousley for President
FILED JULY 29, 2015 Pabst Brewing Company has announced to employees and distributors that Brian Bousley will be joining the company as president, effective Monday, to be based in the Los Angeles office. He will report to Eugene Kashper, who will continue to serve as CEO. Read More
Boston Tops Tamarron Survey Yet Again
FILED JULY 28, 2015 The Tamarron Malt Beverage Supplier Performance Survey, revealing distributors' rating of suppliers, just hit yesterday. A total of 244 distributors responded to the survey, representing about 35% of 2014 total U.S. malt beverage industry volume. Survey questions are "aligned with responsibilities of suppliers and distributors as defined by a panel of industry leaders from both tiers" per usual, with a couple new questions and a section on the future "changes to tier roles." Read More
Bernstein Weighs in on Diageo and the Temptation Toward "Year-end Push"
FILED JULY 27, 2015 The Securities Exchange and Commission's inquiry into whether Diageo was shipping excess inventories to its wholesalers might center on liquor, but it struck a chord with a lot of our distributor readers. Many of them chimed in, asking "What about XYZ's overshipments!?" Read More
<--View all Articles
twitter facebook