A Delaware bankruptcy judge has approved the sale of bankrupt CraftWorks Holdings to its secured lender, Fortress Credit, for $93 million. Read More
Displaying Articles for
Tag: Financial
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The Beer Store Loses $47 Million as Competition Increases
Under growing competition from grocery stores and corner store beers, The Beer Store suffered a $46.5 million operating loss last year. Read More
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Molson Coors Beverage Company Revenue Down 8.7% in Q1
Molson Coors Beverage Company was prepared for a strong 2020 but the COVID-19 pandemic hit and then Q1 ended poorly with an 8.7% decline in sales. Read More
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Russian River Brewing’s “Pliny the Younger” Generates $5.1M Economic Impact
Russian River Brewing Company’s 2020 release of their Pliny the Younger Triple IPA generated $5.1 million impact to the local economy. Read More
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JDub’s Brewing Company Files for Chapter 11 Bankruptcy
JDub’s Brewing Company has filed for Chapter 11 bankruptcy, citing the coronavirus pandemic as the reason behind the difficult decision. Read More
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Anheuser-Busch InBev Looks for Answers as Global Volume Drops 9.3% in Q1
As global sales volume drops amid COVID-19, Anheuser-Busch InBev examines discretionary spending, stops new products and promos, and invests in e-commerce. Read More
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Craft Brew Alliance Shipments Decline 6.1% in Q1
Craft Brew Alliance posted $45.8 million in sales during the first quarter of 2020, down nearly $4 million from the same time last year. Read More
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Boston Beer Company Depletions Up 36%, Shipments Grow 32% in Q1 2020
Boston Beer Company posted double-digit depletions, shipments and net revenue growth in the first quarter of 2020, building on the momentum from last year. Read More
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States Propose Legislation to Extend Business Interruption Insurance Coverage
Lawmakers in four states have proposed bills extending business interruption insurance clauses to cover losses from closures due to the COVID-19 pandemic. Read More
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Constellation Brands Continues Production of Corona and Modelo Beers
Constellation Brands continues to produce import brands Corona, Modelo and Pacifico at its facilities in Mexico, despite the order to suspend business. Read More
