DIRS.INFO The most relevant business & tech news

☆ Athletic Brewing raises $50 million as non-alcoholic wave sweeps brewing
▼ + stars: | 2024-07-09 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

The brewer plans to use the latest investment to increase production capacity and expand its offerings at global retailers to meet rising consumer demand for non-alcoholic beer. Leading non-alcoholic brewer Athletic Brewing Company announced Tuesday it's raised an additional $50 million in equity financing in a round led by General Atlantic. Athletic Brewing launched its non-alcoholic craft brewing facilities in 2018 and has since grown to become the 10th largest U.S. craft brewery and 20th largest overall U.S. brewing company, despite only offering non-alcoholic options, according to rankings by the Brewers Association. Athletic holds over 19% market share within non-alcoholic beer and is driving 32% of total non-alcoholic beer category growth, according to NielsenIQ data. Established beer companies like Heineken , Constellation Brands -owned Corona, Anheuser-Busch's Budweiser and even Diageo's Guinness have also hopped on the trend, introducing non-alcoholic beer offerings of their own.

Persons: Bill Shufelt, John Walker, We're, CNBC's, it's, Shufelt, Diageo's Guinness, We've Organizations: Athletic Brewing’s, Athletic, General, Athletic Brewing Company, General Atlantic, Athletic Brewing, Brewers Association . Athletic, Revenue, CNBC, Street, NCSolutions, Heineken, Constellation Brands, Corona, Anheuser, Budweiser Locations: Stratford , Connecticut, U.S, Milford , Connecticut, San Diego

☆ Anchor Brewing gets new lease on life after it finds an unexpected buyer
▼ + stars: | 2024-06-03 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Anchor closed in July 2023 and its former parent company Sapporo USA put it up for sale after facing years of declining sales. Despite Ulukaya’s excitement about reviving the 127-year-old brand, the craft beer business has been in decline as drinkers shift to spirits and cheaper alternatives. “The brand struggled because it kept relevance with longtime, committed craft beer enthusiasts, but rarely registered with young people or casual drinkers,” Roth said. “Focusing on Anchors legacy, stature, and part of American craft beer history could help the brewery form new emotional connections with drinkers.”

Persons: it’s, Hamdi Ulukaya, Brewing’s, Ulukaya, ”, Anchor’s, Jose Sarmento Matos, there’s, ” Bryan Roth, ” Roth Organizations: New, New York CNN, Brewing, LinkedIn, San, Sapporo, Bloomberg, Getty, San Francisco, Feel Goods Company, CNN Locations: New York, San Francisco, California, Sapporo USA, Sapporo, Potrero Hill

☆ Scorching summer temperatures could strain the economy even further
▼ + stars: | 2023-07-23 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“The recent heat waves and scorching summer temperatures demonstrate the economic cost of heat stress,” Chris Lafakis, Moody’s Analytics’ director of economic research, wrote in an emailed response to a CNN query. Moody’s Analytics estimates that chronic physical risk from heat stress could reduce worldwide GDP by up to 17.6% by 2100. The losses are steepest in sectors such as agriculture and construction, but no industry or business is immune, she said. “Every summer we have a stretch [of excessively hot weather], where it might last from four days up to a week,” he said. “We have to look at the potential of our business model shifting to a nine-month facility going forward,” she said.

Persons: Lyn Thomas, there’s, Thomas, she’s, “, it’s, Chris Lafakis, Liliana Salgado, ”, Kathy Baughman McLeod, Adrienne Arsht, Cesar Chavez, Damian Dovarganes, That’s, Jack Vessey wasn’t, He’s, “ It’s, Vessey, Zeyla Alcantara, Patrick Tiseth, Jobs, Ami Feller, I’ve, Los Cerrillos, Harrold Granthan, Bonnie Mendoza, David Wagner, bloodsicles, Mendoza, Zach Fowle, Kyle Ledeboer, ” Fowle, ” They’ve, Justus Swanick, Joshua Graff Zivin, ” Graff Zivin Organizations: Minneapolis CNN, Phoenix, CNN, Reuters Workers, Rockefeller Foundation Resilience, Atlantic Council, Rockefeller, IBEW, Company, Lone Star, Roofer, Saddle Riding Company, Phoenix Zoo, Arizona Wilderness, Arizona Wilderness Brewing, University of California San Locations: Minneapolis, Louisiana, United States, California, Los Angeles, Holtville , California, Imperial County, Texas, New Braunfels, Santa Fe , New Mexico, Los, “, Arizona, Phoenix, University of California San Diego

☆ Netflix and Athletic Brewing launch 'The Witcher'-themed non-alcoholic beer
▼ + stars: | 2023-06-03 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +2 min

Athletic Brewing Company’s collaboration with Netflix will feature limited edition, co-branded nonalcoholic beers, the brewing company announced in a news release. Athletic Brewing Company's collaboration with Netflix features three limited-edition, co-branded non-alcoholic beers. Athletic Brewing CompanyThe booze-free beer might appeal to the one-third of Americans who reported trying to consume less alcohol, according to a recent survey. Nonalcoholic beer sales were up by 33% this year, the survey found. Athletic Brewing, launched in 2018, ferments its brews to be less than 0.5% alcohol by volume – the legal limit for US-brewed nonalcoholic beer, the company said in the release.

Persons: Netflix’s “, ”, Henry Cavill, Josh Simon, ” Simon, Geralt’s Organizations: CNN, US, Athletic Brewing, Netflix, Athletic Brewing’s Locations: Rivia

Search resuls for: "Brewing’s"

4 mentions found