US beer brewer MillerCoors has drafted in Gavin Hattersley, chief financial officer at parent company Molson Coors, as interim CEO as the company announced a 50% slide in profits this quarter.
American consumers have lost their appetite for low calorie “skinny” wines, forcing Treasury Wine Estates to pull its The Skinny Vine brand off the shelves.
US federal prosecutors have accused a former MillerCoors vice president of involvement in a $7 million embezzlement scheme to defraud the brewer by charging it for marketing events that never took place.
The craft beer industry in California is now worth just over US$6 billion according to the California Craft Brewers Association.
Budweiser maker AB InBev has seen a slight profit in the first quarter of the year despite a decline in volume sales in the US.
Beam Suntory Bourbon brand Maker’s Mark has successfully defended its claim to be “handmade” after a class action lawsuit was dismissed by the court.
Brewer MillerCoors is being taken to court over claims it is misleading consumers into thinking its Belgian wheat ale, Blue Moon, is craft.
Global total volume growth remains subdued for a second year running, setting it up to be among the three lowest in the last decade.
A bidder at the Heart’s Delight wine tasting and auction in New York has paid US$100,000 to have lunch with Robert Parker and 24 wines from his cellar.
The historic drought plaguing Californian winemakers will continue throughout the state this summer, according to a new long-range forecast.
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