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Monthly Archives: March 2022
Willamette Valley Vineyards Sales Rose, Profit Fell
Willamette Valley Vineyards reports earning $2.4 million, or 20 cents a share, in 2021, a 28% decrease from 2020’s $3.4 million, or 46 cents a share. Sales rose to $31,786,864, a 16% increase from the year-earlier figure. The improved sales … Continue reading
Posted in Earnings Report
Tagged Willamette Valley, Willamette Valley Vineyards
Comments Off on Willamette Valley Vineyards Sales Rose, Profit Fell
U.S. Beer Production Fell 5.8% in February
Beer Institute estimates federal excise tax was paid on 11.1 millon barrels in February, a 5.8% decrease from February 2021 removals of 11,781,000. Thus far this year, production is down 6%.
A-B to Invest $50 Million in a Seltzer Building
It will be the first addition to A-B’s St. Louis campus in 15 years, and is part of a $1 billion in A-B’s facilities nationwide. The investment will increase and enhance its brewing and packaging capacity. Construction will begin this … Continue reading
Posted in Expansion, Hard Seltzer
Tagged Anheuser-Busch
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Who & What —
Remy Cointreau appointed Nicolas Beckers, who has been CEO for China, to be CEO for the Americas region. He succeeds Ian McLernon, previously CEO for the Americas region,who has been appointed CEO of the EMEA region2 and will also be responsible … Continue reading
TTB Seeks 21.33% Budget Boost Mostly to Administer Import Rebate Claims
Alcohol & Tobacco Tax & Trade Bureau is seeking $14.9 million and 40 additional employees to administer a new import claims program. The Craft Beverage Modernization Act (CBMA), as amended, transferred jurisdiction for import-related provisions from U.S. Customs and Border Protection (CBP) … Continue reading
Posted in Alcohol & Tobacco Tax & Trade Bureau
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What Millennials Are Drinking
Millennials, whose ages range from 26 to 41, favor spirits and beer over other beverages, according to Drizly, which finds they over-index on beer (17% share versus 15% for the other generations), and slightly under-index on wine (37% vs. 38% ). … Continue reading