Plus, Monster overhauls alcohol division ...͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
 
 
BrewboundNovember 08, 2024
DAILY BRIEFING: LITE EDITION
A preview of today's news & insights for the beer industry.

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Today's Top Story

🇺🇸 Trade Groups Share How the Election Results Could Impact the Industry

🇺🇸 Trade Groups Share How the Election Results Could Impact the Industry

In the wake of Tuesday’s election, beer industry trade groups are diving into the changes that could be coming and the potential impact on their members, with shifts across the U.S. Senate, House of Representatives and White House.

Republican candidate Donald Trump has been elected president, with 295 electoral votes as of press time. In the Senate, Republicans have taken the majority from Democrats, with the latter losing four seats as of press time, according to the Associated Press (AP). And the House majority is still in question, with 25 seats yet to be called. As of press time, Republicans have 211 seats and Democrats have 199, with 218 needed to have a majority. 

Some of the watchouts according to the Brewers Association (BA) and Beer Institute (BI) include tax changes, incoming tariffs, changes to the Small Brewers Caucus and more.

Insiders can read details here.

 

From the Wire

👾 Monster Q3 Earnings: Alcohol Brands ‘Restructured Under New Management’

👾 Monster Q3 Earnings: Alcohol Brands ‘Restructured Under New Management’

Monster Beverage Company reported that it has "restructured" the senior management of its alcohol brands division, following the appointment of Ray LaRue as president, the company shared within its Q3 2024 financial results. Nevertheless, the company said it remains “positive for the prospects of alcohol products within our broader portfolio.”

Monster CEO Rodney Sacks added that the company is “continuing to consolidate production facilities to maximize efficiencies,” but he did not provide additional commentary. Monster has shuttered the Deep Ellum and Oskar Blues production breweries in Texas, and transitioned the Cigar City brewery in Tampa to a research-and-development facility. 

Insiders can read more about Monster's Q3 results and new offerings.

 

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Make more informed decisions with exclusive industry reports and insights. We partner with leading data providers to cover a variety of critical topics impacting beer and beverage-alcohol brands. Check out this recent report in partnership with CGA for an on-premise beer and beyond beer update.

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Brewbound Live Preview

🚨 Dogfish Head’s Sam Calagione on the Importance of Making Craft Vibrant

🚨 Dogfish Head’s Sam Calagione on the Importance of Making Craft Vibrant

Dogfish Head co-founder Sam Calagione will take part in a fireside chat at the 2024 Brewbound Live business conference this December in Marina del Rey, California.

The two-day event will take place December 11 and 12 at the Marina del Rey Marriott. Calagione will speak on Day 2, and will discuss craft’s imperative to remain vibrant and relevant with new legal-drinking-age consumers. He’ll also touch on the state of the overall beer and bev-alc business and the future of the Delaware craft brewery as it celebrates its 30th anniversary and five years since it merged with Boston Beer.

Calagione will field questions from audience members both in the room and online and may bring a surprise to share with the in-person crowd. 

Brewbound Live will bring together leaders from all three tiers for business-focused conversations on driving the bev-alc industry forward, data presentations, networking and brand building. Tickets are available now.

Check out the full agenda.

Take a peek at the speaker roster.

In addition to the mainstage programming and networking parties, Brewbound Live will feature opportunities for one-to-one conversations between brewers and bev-alc brands and retail buyers from chains such as Whole Foods Market and ExtraMile Convenience Stores and distributors such as Breakthru Beverage California, Reyes Beer Division and California Beverage Solution (Stone Distributing, Markstein Sales and Heimark Distributing). Registered attendees will be considered for meetings with buyers, as space is limited. Find out more details here.

Register today for Brewbound Live!

 

ICYMI

🎙️ Highland Brewing’s Leah Wong Ashburn on Asheville’s Recovery

🎙️ Highland Brewing’s Leah Wong Ashburn on Asheville’s Recovery

Highland Brewing owner and CEO Leah Wong Ashburn provides an update on how Asheville, one of the country’s great craft beer cities, is recovering in the aftermath of Hurricane Helene. 

Last weekend, Highland brewed its first beer since the hurricane cut a path of destruction through Western North Carolina. Ashburn shares the steps the brewery took to return to operations, starting with ensuring that all of its team members were accounted for and had their basic needs covered, and then stabilizing the business. She also explains the importance of people visiting Asheville now, after the biggest month of business was wiped off the calendar.

Ashburn also discusses Highland’s first post-hurricane milestone, the release of Cold Mountain winter ale November 7-11. 

Plus, Jess and Justin touch on several headlines, including a craft brewery deal in Iowa, the vibes at the Massachusetts Craft Brewers Guild’s annual meeting, a leadership change at the American Cider Association and the pending closure of Revolution Brewing's Logan Square brewpub after 15 years.

Listen here or on your preferred podcast platform.

 

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