CPI: Bev-Alc Away From Home Outpaced Inflation Again in August

CPI: Bev-Alc Away From Home Outpaced Inflation Again in August

If going out seemed expensive in July, dining and drinking budgets were likely stretched further in August. The consumer price index (CPI) for alcohol away from home (+3.8% year-over-year [YoY]) and food away from home (+3.9% YoY) far outpaced overall inflation (+2.9%) in August, according to the U.S. Bureau of Labor Statistics’ (BLS) most recent monthly report.

BrewDog USA’s Eric Franco on Gaining Greater Autonomy and Getting Focused

BrewDog USA’s Eric Franco on Gaining Greater Autonomy and Getting Focused

Less has been more with BrewDog’s U.S. business over the last year and a half. On the latest episode of the Brewbound Podcast, BrewDog USA chief sales and marketing officer Eric Teodoro Franco explains how the business has “done fewer things better,” leading with a focus on its core brands, which helped the brand increase volume 26% last year.

Texas Gov. Signs Executive Order to Create Legal Hemp Framework

Texas Gov. Signs Executive Order to Create Legal Hemp Framework

Texas governor Greg Abbott has signed an executive order mandating age restrictions on the sale of hemp-derived THC products, roughly three months after he vetoed a bill that would have outlawed the intoxicant entirely in the Lone Star State.

Taproom Closings: Antigua, Navigation, Simple Roots

Taproom Closings: Antigua, Navigation, Simple Roots

Antigua Brewing Company has closed its sole location in San Luis Obispo, California, after four years in operation, the SLO Tribune reported. The shuttering has been characterized as an abrupt move.

Former Mark Anthony Exec to Lead Celsius Marketing

Former Mark Anthony Exec to Lead Celsius Marketing

Celsius Holdings, which was tapped by PepsiCo last week to be the company’s “strategic energy lead,” has appointed seasoned marketing executive Rishi Daing as CMO, effective today.

Boston Beer Seeking Next $250M Brand Amid 4th Category Failures

Boston Beer Seeking Next $250M Brand Amid 4th Category Failures

Boston Beer Company is willing to fail fast with new fourth category products in order to find its next big brand, founder and CEO Jim Koch shared during last week’s Barclays’ Global Consumer Staples Conference.