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☆ Anchor Brewing in San Francisco to cease operations after 127 years
▼ + stars: | 2023-07-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Pour one out for Anchor Brewing: America’s oldest craft brewer is shutting down after 127 years in business. Another problem has been Sapporo, the Japanese beer company that bought the brand in 2017. “This was an extremely difficult decision that Anchor reached only after many months of careful evaluation,” said Anchor Brewing spokesperson Sam Singer. “This is a sad day in the history of craft brewing in America,” Harry Schuhmacher, Craft Business Daily’s publisher told CNN. He literally nurtured that brewery from insolvency in the 60s to becoming San Francisco’s hometown beer and symbolic of America’s craft beer resurgence.”

Persons: ”, VinePair, Sam Singer, Anchor, Fritz Maytag, ” Harry Schuhmacher, “, Fritz Organizations: New, New York CNN, Anchor Brewing, Craft, Employees, Anchor, ” Workers, ”, Maytag Corporation, Steam, Brewers Association . Brewbound, Stone, Craft Business, CNN Locations: New York, San Francisco, Sapporo, California, America

☆ Big changes are coming to the Citi AAdvantage Executive card, including a 100,000-mile bonus and new statement credits — but it's not all good news
▼ + stars: | 2023-07-10 | by ( Jasmin Baron | Sarah Silbert | Read More | ) www.businessinsider.com time to read: +16 min

The downside is that the annual fee will increase, and you'll have to pay to add authorized users. Cardholders and up to 10 authorized users (currently free to add) receive American Airlines Admirals Club access for themselves and up to two guests (or immediate family) when they fly American Airlines or its partners. For a $450 annual fee, that's a fabulous deal, considering Admirals Club membership currently starts at $650 (which will increase to $850 shortly). Full Admirals Club membership gets you (and authorized users) access to American Airlines lounges Check mark icon A check mark. But this, along with an improved earning rate on American Airlines purchases, is a huge upgrade for cardholders.

Persons: Read, We're, it's, That's, cardmembers, cardholders, Citi's, What's, you'll Organizations: Citi AAdvantage, Admirals Club, American Airlines, Citi, Mastercard, Service, American, Chase, Chevron, Target, Walmart, Capital, Airlines, AA, Business, Admirals Clubs, American Express, Avis Locations: Wall, Silicon, Miami, Washington ,

☆ Co-working office spaces have expanded rental options beyond WeWork
▼ + stars: | 2023-07-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Enter the co-working space, which allows for a bit of everything. From shopping malls to private mansions to hotels and gyms, co-working spaces are becoming more creative in the remote work era — with a boost from startups building platforms to connect companies with spaces for rent. Airstreams and yurtsThe dominant co-working venues for years were WeWork and other communal spaces in downtown office buildings. Gilbreath from Liquidspace said that co-working spaces have expanded outside urban cores and financial districts, and rental spaces are becoming quirkier. “Co-working spaces have usually been centrally located in big buildings,” said Amina Moreau, founder of Radious, which calls its business the Airbnb of office rentals and meeting spaces in residential areas.

Persons: it’s, “, ”, Prithwiraj Choudhury, Nicholas Bloom, Bloom, can’t, Jacob Bates, Mark Gilbreath, WeWork, Liquidspace, Amina Moreau, ” Moreau Organizations: New, New York CNN, Harvard Business School, Stanford University, Companies, US General Services Administration, Mobile, Minneapolis Grain Exchange Locations: New York, San Francisco, Chicago, Denver, Montreal, Minneapolis, Portland , Oregon, “

☆ What Does It Mean to Be an Asian American Brewer?
▼ + stars: | 2023-06-23 | by ( T.M. Brown | ) www.nytimes.com time to read: +1 min

In 1994, Leah Wong Ashburn’s father, Oscar, did something very few, if any, Chinese Americans had tried before: He opened a craft brewery. Mr. Wong, who immigrated to the United States from Jamaica in the 1960s, had retired to Asheville, N.C., after a long and successful career running an engineering firm. Beer wasn’t on his mind until a friend and local brewer proposed starting their own operation — the city’s first since Prohibition. “There weren’t very many of us around back then.”Though demographics in the craft beer industry have slowly shifted since Highland opened its doors nearly 30 years ago, it is still a world dominated by white owners. According to data from the Brewers Association, only 2 percent of breweries in the United States are owned by Asian Americans like the Wongs.

Persons: Leah Wong Ashburn’s, Oscar, Wong, Beer wasn’t, ”, Wong Ashburn Organizations: Asheville, Prohibition, Brewing, Highland, Brewers Association Locations: United States, Jamaica, N.C, Asian

June 14 (Reuters) - Anheuser-Busch InBev's (ABI.BR) Bud Light has lost its top spot in the U.S. beer market to Constellation Brands' (STZ.N) Modelo Especial, following a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Cans of AB InBev's Bud Light hard seltzer are displayed in a fridge in Jewel-Osco supermarket in Chicago, Illinois, U.S. October 21, 2020. REUTERS/Richa NaiduConstellation's Modelo Especial was the top-selling beer brand in the United States with an 8.4% share of overall beer sales through retail stores for the period ending June 3, data from Bump Williams showed. Bud Light came in second with a 7.3% share. AB InBev's overall sales growth declined 12% in the four weeks ended May 20, data from NielsenIQ and TD Cowen showed.

Persons: Busch, Bud Light, influencer Dylan Mulvaney ., Bump Williams, Michel Doukeris, Bud Light's, Dylan Mulvaney, Miller, Jon Reynolds, Bud, seltzer, Richa Naidu, TD Cowen, Cowen, Vivien Azer, Ananya Mariam Rajesh, Anil D'Silva Organizations: Anheuser, Constellation Brands, Modelo, Budweiser, Modelo Especial, InBev, Conservative, Target, Molson Coors, University of Vermont, REUTERS, Euromonitor International, Reuters, Thomson Locations: U.S, NielsenIQ, Chicago , Illinois, United States, Bengaluru

Overall U.S. beer sales grew 1.8% in the 12 weeks ended May 20, according to data from research firms NielsenIQ and TD Cowen. Sam Adams maker Boston Beer, the largest craft beer maker, saw its market share slip last year. Bud Light and Coors Light, popular premium light beers, average about $7.40 for a 12-ounce six-pack, while Boston Beer's Sam Adams costs between $10 to $12. "The American consumer likes light beer," Molson Coors CEO Gavin Hattersley said at a conference in early June. "I think dynamics within the subsegment might change, but the overall consumption of light beer is not going to change materially."

Persons: Beer, Neil Reid, TD Cowen, Vivien Azer, Sam Adams, Boston Beer, Bud Light, Jon Reynolds, Reid, influencer Dylan Mulvaney, Michel Doukeris, Gavin Hattersley, Ananya Mariam Rajesh, Anil D'Silva Organizations: Anheuser, Busch InBev, Molson Coors Beverage, University of Toledo, Refinitiv, Molson Coors, InBev, Boston Beer Co, Reuters Graphics, Boston, Constellation Brands, Modelo, Reuters, Brewery, Miller, University of Vermont . Giants, AB InBev, Thomson Locations: United States, NielsenIQ, Corona, American, Bengaluru

☆ They’re Here to Save Indie Media
▼ + stars: | 2023-06-08 | by ( Cara Schacter | ) www.nytimes.com time to read: +1 min

Gutes Guterman sat on an antique French farm bench in Pig Bar, a craft beer shop overlooking the scene-y slice of Lower Manhattan known as Dimes Square. Reaching for a gherkin, her hand in a lacy fingerless glove, she paused to gesture toward the former site of the Drunken Canal newspaper box. “If you know, you know,” she said. It was a cool spring day, and Ms. Guterman, 26, was here to talk about her latest editorial venture: Byline, a website that went live on Thursday. Ms. Guterman and a friend, Claire Banse, started the paper mid-lockdown.

Persons: Gutes Guterman, lacy, ”, Guterman, Claire Banse Organizations: Drunken, “ New Locations: Manhattan, Dimes, Clandestino, Seward, vade

☆ Japan’s largest brewer sets its sights on China — again
▼ + stars: | 2023-05-31 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Japan's Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world's largest beer market. The company divested from China years ago due to the lack of "premiumized products" and "very low" prices at that time, Katsuki said. In 2017, Asahi announced it would sell its nearly 20% stake in China's Tsingtao Brewery to Fosun Group and its subsidiaries. "But with the entry of the international brands and also craft beer, the premium segment in China is now really taking off and growing substantially." "Asahi Super Dry has the largest sales already from the China market now and it's growing double digits every year, so we want to continue to really invest into this premium market," he added.

Persons: We've, Atsushi Katsuki, CNBC's Martin Soong, we're, Katsuki Organizations: Japan's Asahi Group Holdings, Asahi, Fosun Group Locations: China, Tsingtao

☆ Constellation Brands vs. Molson Coors: Here's which beer maker is the clear winner to buy
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.

Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego

☆ 24 Best Last-Minute Father’s Day Gifts
▼ + stars: | 2023-05-17 | by ( Sarah Grossbart | ) www.wsj.com time to read: +13 min

Father’s Day is June 19 and you’re still empty-handed, and unless you’re 8 years old, it’s no longer cute or acceptable to turn up with a handmade coupon book. For the golfing dadIf your dad is an avid golfer, an upgrade to his typical apparel is a solid gift choice. For the dad who loves long walksIf dad’s shoe collection is looking a little tired, consider a pair of Birkenstocks. And just in time for the big day, you can get a digital gift card delivered right to his inbox. For the dad who’s the life of the partyThe “king of all coolers” is how Los Angeles-based stylist Alison Deyette describes Yeti’s UV-resistant Roadie 24 Hard Cooler, which makes the polyethylene beverage tote a shoo-in for the best last-minute Father’s Day gift.

Persons: Sarah Grossbart, We’ve, here’s, K, Frank Gehry, Madeleine Albright, Condoleezza Rice, you’ll, Royce, that’s, he’s, Alex Mill, it’s, Warby Parker, Stan Smiths, you’re, Nordstrom, Alison Deyette, “ Severance, Lindsay Roberts Schey, Massager, Roberts, —, who’s, Dan Ariely, Idris Elba, Mindy Kaling, ”, Roberts Schey, Deyette, mignon, ribeye, Ogata, Roberts Shey, Madeline Diamond, Leslie Yazel Organizations: Sporting Goods, Ping, Dick’s Sporting Goods, Nordstrom, Boston, Marine, Adidas, Smart, Club, Craft Beer, Duke University, Hulu, Netflix Locations: U.S, inbox, Los Angeles, Kobe

☆ Americans are buying weed more than chocolate, data shows
▼ + stars: | 2023-05-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

In 2022, Americans spent an estimated $30 billion on legal marijuana products. Legal pot sales could top $33 billion this year – more than chocolate and craft beer combined. Last year's total also exceeds the combined total sales of chocolate and craft beer, which saw $20 billion and $7.9 billion, respectively. If trends continue, MJBizDaily projects cannabis sales could reach as high as $33.6 billion this year and climb to nearly $57 billion by 2028. Robust as the total US sales numbers are, recent years have not been kind to the cannabis industry.

The Boston Chase Sapphire Lounge will open on May 16, and if you have a Sapphire Reserve you get unlimited access. That's about to change with today's announcement of a new Chase Sapphire Lounge opening at Boston Airport on May 16, 2023. This is exciting news for Chase Sapphire Reserve® cardholders, as it's the first domestic Sapphire Lounge location. The food at the Chase Sapphire Lounge Boston is much more upscale than your average cheese and crackers at other lounges. ChaseChase Sapphire Lounge accessBank-branded luxury airport lounges aren't new, and the Boston Chase Sapphire Lounge looks to be just as good, if not better than competitors like Amex Centurion lounges and Capital One lounges.

☆ The rapid grocery app bubble, inflated by the pandemic, is nearing its endgame
▼ + stars: | 2023-04-21 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Grocery apps exploded during the pandemic and attained wild, multibillion-dollar valuations. European market leader Getir and smaller rival Flink are both set for big valuation haircuts. That's against a backdrop of grocery startups quitting markets, being acquired, delaying IPO, and going bankrupt. Grocery startups took massive hits as they chased usersWhat happened? Consolidation has come quickly, as smaller startups run into the realities of a low-margin model and find they can't keep up the requisite spend to chase consumers.

☆ Airline passengers were denied compensation for 2 Aperol Spritz cocktails after a court ruled that alcohol isn't a 'refreshment'
▼ + stars: | 2023-04-16 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A couple was denied compensation for two Aperol Spritz drinks they bought during a flight delay. A German court ruled that as the drinks were alcoholic, they didn't count as refreshments. A couple who tried to get compensation for two Aperol Spritz cocktails during a flight delay had their claim denied after a German court ruled alcohol didn't count as a refreshment. Part of this bill included two Aperol Spritz drinks that cost a total of £15 ($18.60). There were also two Camden Hells beers on the couple's receipt, which the court didn't have to scrutinize as they had not claimed compensation for them.

☆ Legal pot sales eclipse sales of chocolate in the US as Americans reach for joints and berry edibles instead
▼ + stars: | 2023-04-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Legal pot sales could top $33 billion this year – more than chocolate and craft beer combined. Last year's total also exceeds the combined total sales of chocolate and craft beer, which saw $20 billion and $7.9 billion, respectively. If trends continue, MJBizDaily projects cannabis sales could reach as high as $33.6 billion this year and climb to nearly $57 billion by 2028. Of course, legal sales are still vastly outweighed by illicit ones – Whitney Economics estimated that legal transactions constituted just 25% of the total cannabis market in the US in 2021. Robust as the total US sales numbers are, recent years have not been kind to the cannabis industry.

☆ Bud Light's inclusive ad campaigns are good for business
▼ + stars: | 2023-04-12 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

For Bud Light in particular, reaching a new audience is crucial, Alissa Heinerscheid, vice president of marketing at Bud Light, said in a recent Make Yourself at Home podcast interview. Bud Light had “been in decline for a really long time,” she said. From dylanmulvaney/InstagramCurrently, we’re about two weeks into the Bud Light backlash. The performer and TikTok personality, who had partnered with Bud Light previously, has been open about transitioning on Instagram and TikTok. And Texas congressman Dan Crenshaw also weighed in, saying he’s in favor of a Bud Light boycott but doesn’t stock the beer.

[1/5] Javier Ramiro, Co-Chief Scientific Officer of Spanish indoor hops farming start-up Ekonoke controls the plantation of hops in Alcobendas, Spain, March 23, 2023. "We're on a mission to save the world's beer," Ines Sagrario, chief executive and co-founder of Ekonoke, told Reuters. Strict hygiene measures such as protective clothing for staff ensure the space remains pest-free, taking the pesticides on which traditional farming often depends out of the equation. The most obvious challenge indoor farming faces, he said, is its high energy cost. "Demand from breweries is quite inelastic; you can't make beer without hops and they don't want to produce less," Sagrario said.

☆ Britain's BrewDog aims to put Punk IPA on the map in China
▼ + stars: | 2023-02-20 | by ( Sarah Young | ) www.reuters.com time to read: +2 min

Punk IPA, Lost Lager, Elvis Juice and Hazy Jane have helped turn BrewDog into a household name in Britain. "I think the internationalisation of our business is kind of very key to our IPO plans," BrewDog founder and chief executive James Watt told Reuters. While BrewDog has had a presence in China since 2015, Watt said it had been hard to scale up without a local partner. It's a similar model to a partnership deal BrewDog signed with Asahi in Japan, which saw sales there double in its first year. In 2021, the last year for which results are available, it made an operating loss of 5.5 million pounds ($6.6 million) on revenues of 286 million pounds.

☆ Nonalcoholic Beer Ad in Super Bowl Spotlights ‘Dry Economy’
▼ + stars: | 2023-02-10 | by ( Megan Graham | ) www.wsj.com time to read: +7 min

Heineken USA plans to run a 30-second Super Bowl ad for its Heineken 0.0 nonalcoholic beer, enlisting actor Paul Rudd as Marvel’s Ant-Man to make the pitch. Sales volume in low- and no-alcohol was $2.5 billion, while the overall U.S. alcohol market totaled $188.3 billion. Ad spending to promote nonalcoholic beer on national television, by comparison, totaled $9.7 million in January, up from $1.4 million in January 2019. Boisson Inc., a retailer of nonalcoholic beer, wine and spirits with 10 stores in New York and California, said it is increasing its marketing spending. SipSteady co-hosted a Dry Vibes event in January in Kansas City that included tastings of nonalcoholic beverages.

☆ Here's how a few thousand dollars — instead of $20,000 — can make your living room better than the stadium for watching the Super Bowl
▼ + stars: | 2023-02-04 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The least expensive Super Bowl tickets are at least $4,000, with average prices between $7,000 and $10,000. Adding the cost of air travel, a hotel, and food could bring a Super Bowl trip for two over $20,000. For those with disposable income, the Super Bowl could be a good time to upgrade your home's entertainment options. An August report provided options for dozens of couches to upgrade the comfort of your Super Bowl watching experience and your living room. SnacksStaying home provides the opportunity to cook a preferred Super Bowl snack rather than waiting in long lines and paying stadium prices.

☆ Budweiser looks to younger generation in Super Bowl ad
▼ + stars: | 2023-01-31 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

[1/2] Hip hop record producer Metro Boomin participates in an ad for Budweiser in this undated handout. Budweiser/Handout via REUTERSJan 31 (Reuters) - Budweiser is aiming to appeal to younger beer drinkers with a Super Bowl commercial that features actor Kevin Bacon and hip hop record producer Metro Boomin, and brings back the beer brand's classic tagline, "This Bud's for you." Budweiser resurrected the tagline "This Bud's for you" by showcasing real people who embody qualities such as grit and determination, said Kristina Punwani, head of marketing for Budweiser USA. Metro Boomin, who is from St. Louis, Missouri, where Budweiser parent company Anheuser-Busch (ABI.BR) is based, takes the fourth beer in the ad while in a music studio. Budweiser will utilize hip hop and music throughout the year as it focuses on younger consumers, Punwani said.

☆ The 50 fashion, beauty, and lifestyle companies set to take off and become the next great direct-to-consumer brands, according to The Lead
▼ + stars: | 2023-01-30 | by ( Danni Santana | ) www.businessinsider.com time to read: +9 min

HydrowWhat it is: indoor rowing machineTotal capital raised: $255 million22. ipsaWhat it is: fine frozen dinners made to be heated on stove tops or in ovensTotal capital raised: Undisclosed23. MadhappyWhat it is: fashion and lifestyle brand focused on creating conversation around mental healthTotal capital raised: $1.8 million28. MugsyWhat it is: online retailer best known for its jeansTotal capital raised: None32 .Oliver CabellWhat it is: luxury footwear minus the markupsTotal capital raised: None33. The Normal BrandWhat it is: lifestyle brand that sells rugged clothing for men and women inspired by the MidwestTotal capital raised: None46. Win Brands GroupWhat it is: holding company with brands selling outerwear, home goods, and candlesTotal capital raised: $90 million50.

☆ Inside the 'doomsday' layoffs at Goldman Sachs
▼ + stars: | 2023-01-15 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +5 min

Insider reporters were in attendance — here's the inside scoop …If this was forwarded to you, sign up here. Now, on to this week's top stories …David Solomon is the CEO of Goldman Sachs. Michael Kovac/Getty ImagesGoldman Sachs conducted its worst layoffs in over a decade this week. One laid-off associate called it the "doomsday," adding: "Every 10 minutes, I just kept hearing that someone was being let go." We talked to Goldman Sachs employees who were fired — here's what they told us.

☆ New Zealand breweries see CO2 rationing as shortage hits
▼ + stars: | 2023-01-10 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

REUTERS/Phil NobleJan 10 (Reuters) - New Zealand supplies of carbon dioxide (CO2), used to fizz drinks and in packaging and hospitals, are having to be rationed because of shortages following the closure of the country's only food-grade CO2 production facility. "We are working collaboratively with suppliers, customers and other industry stakeholders to manage the CO2 supply situation," it added. The rationing is the result of the shut down of a CO2 production facility on west coast of the North Island. To try to fill that gap, CO2 imports almost tripled last year, according to Statistics New Zealand data. ($1 = 1.5708 New Zealand dollars)Reporting by Lucy Craymer in Waipu, New Zealand; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

☆ I asked ChatGPT to reply to my Hinge matches. No one responded.
▼ + stars: | 2023-01-10 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

I asked it to write responses to my Hinge matches. I fed ChatGPT a few comments that were left on my Hinge profile, and also asked it to come up with responses to other people's prompts. In reply to a flame emoji left on one of my photos, ChatGPT offered: "Thanks for the hot compliment! In another prompt, I asked the bot to write a short, witty response to someone whose profile says they work in finance. The number of times that ChatGPT asked me to message someone about "craft beers and avocado toast" makes me think that ChatGPT may be powered by some poor 2010s hipster.

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