Wednesday, May 22, 2019

McHenry City Council to consider 'bring your own alcohol' liquor license

Some businesses want to offer BYOB without selling food, alcohol

Tuesday, May 21, 2019

Dozens of new liquor licenses could be issued in Detroit if approved by City Council, state


Dozens of new liquor licenses could soon be issued in the city of Detroit.
City Council is expected to refer the item Tuesday to the Planning and Economic Development Committee to review Thursday a resolution allowing 20 businesses to secure special licenses that let them sell alcohol for on-premises consumption. The city says a total of 63 such licenses could be issued, with more every three years, if the state approves the licenses in a "City Redevelopment Area" established by the city late last year.
The licenses would be above and beyond the city's maxed-out quota of Class C liquor licenses, the most common — and coveted — type for restaurants and bars. They would also cost one-fourth the price of a typical license.
"Liquor licenses are very expensive at the moment because of a high demand and a limited supply," according to a summary of the proposal provided by the city. "To mitigate this high expense for small and medium size businesses, we are proposing to establish a City Redevelopment Area, which would allow for businesses to purchase a liquor license, straight from the State Liquor Control Commission."
The proposal is being spearheaded by Mayor Mike Duggan's administration as a tool for spurring economic development. It has caused worry for some small business owners who believe that injecting more liquor licenses into the market could lower the value of their own and saturate the market — already home to the highest number of liquor licenses in the state.
The proposed licenses are categorized as "redevelopment liquor licenses," which were established through provisions of Public Act 501 in 2006, according to the Michigan Economic Development Corp. The law allows for a city to add one new liquor license for every $50 million invested in real and personal property in the redevelopment area.
The redevelopment area, drawn out in a document from the city clerk's office, includes downtown and Midtown, as well as many other areas spread across the city that Duggan is targeting for redevelopment, from the Livernois Avenue of Fashion corridor in northwest Detroit to Jefferson Chalmers on the east side.
According to the city's assessor's office, the city saw $3.15 billion of investment in its main commercial corridors and targeted areas from 2014 to 2016. That would make it eligible for 63 new licenses. Every three years, more licenses can be issued depending on investment in the redevelopment zone, according to state law.
City Council unanimously approved in September the establishment of a redevelopment area. It now must OK the licensees before going to the Michigan Liquor Control Commission for final approval.
"… The availability of escrowed on-premise quota licenses for new businesses to purchase in the County of Wayne has significantly decreased, and the price for such escrowed on-premises licenses has increased more than 100 percent over the past year," according to the city clerk's document.Continue Reading

Monday, May 20, 2019

Yuengling Is Planning a Beer Hotel

A draft beer pouring from a tap
A new hotel is taking the idea of the minibar to another level. Pennsylvania-based brewery Yuengling is developing a beer-themed hotel as part of its campus in Tampa, Florida that will come with an attached microbrewery, tasting room and as yet unannounced other beer amenities. In a statement, Wendy Yuengling, the breweries chief administrative officer said,
“As consumer interest in locally crafted beer continues to grow, we are always looking for ways to engage our loyal fans and re-envision the Yuengling experience in Tampa. This new development will not only offer visitors an enhanced brewery hospitality experience but will also increase our presence in the local community.”


Technically, Yuengling is the most popular craft brewer in the United States, although the brewery’s use of that label came with some controversy. The Brewer’s Association, which officially decides what is and is not a craft beer in the United States, changed its definition in a way that seemed designed to let Yuengling use the moniker. Whatever you call the it though, Yuengling clearly sells a lot of beer.  
As for the hotel, while Yuegling’s will be one of the biggest, it certainly won’t be the first beer hotel. Scottish brewery Brewdog opened the DogHouse in Columbus, Ohio last year, offering IPA on tap in every room and Dogfish Head opened the 16-room Dogfish Inn in Lewes, Delaware in back in 2014.
The Yuengling project is still in the early zoning phases, so beyond the existence of the adjoining brewery and taproom, we don’t know much more about what will be included in the hotel, but if similar hotels are any indication, you can bet they will include lots of cans on Yuengling.

Sunday, May 19, 2019

RIP Craft Beer: Sam Adams’ Company Buys Dogfish Head Brewery


by 

Two big beer players merge in $300 million deal

If craft beer wasn’t already over, this latest news might be the nail in the coffin: the Boston Beer Company — the producers of Samuel Adams beer and the second largest craft brewer in the U.S. — is merging with Dogfish Head Craft Brewery, the 13th largest independent brewery as ranked by the Brewers Association. The deal, valued at $300 million, follows other major consolidations in the beer industry, such as Constellation Brands’ $1 billion acquisition of a San Diego’s Ballast Point in 2015. 
Boston Beer CEO Dan Burwick (who is NOT the guy in all the Sam Adams commercials) will lead the merged company. “We expect that we’ll see more consolidation in the craft industry over time, and we’ll be in the best position to take advantage of those changes,” he said in a press release.

And in other news…

  • Also on the beer beat: Beer pong favorite Natty Light is taking a unique approach to summer intern hiring with a nationwide search to attract candidates who are “just as creative writing an English 102 essay as they are converting a bathtub into a cooler.” Hey, for a generous $40 an hour, no task is beneath me, including drinking Natty Light on the job. [MLive]
  • Amy Sedaris’s wonderfully batty hospitality show has been renewed for a third season on TruTV. More cheese balls and goofy dancing, please! [@AHWAmySedaris]
  • Gene-edited crops are making their way into our food supply, but governments still haven’t figured out the whole regulation bit. [NPR]
  • Michael Pollan wants you to slow your roll on psychedelic mushrooms. [NYT]
  • Armyworms are rapidly spreading across China’s grain production and could majorly impact staple crops like rice, soybeans, and corn. [CNN]

Saturday, May 18, 2019

Beware the Bubble in Alcohol Stocks

By dkorth@finsum.com (FINSUM)

Many investors may not be aware of it, but those with assets in the sector could be sorry. Alcohol stocks, and specifically bourbon shares, are in a bubble. Tech has stolen all the limelight, but whiskey stocks-one of America's oldest industries-have had a great decade. Millennials have revived American whiskey makers, such as Brown-Forman and MGP Ingredients, the latter of which's shares have jumped from $6 in 2014 to $98 in 2018! P/E ratios are at about 30x and the stocks have recently started to fall sharply. It looks like the bubble is bursting.
FINSUM :  The performance of this sector is pretty amazing-doubled revenues in the last decade. That is outstanding for such an old industry. However, valuations seemed to have significantly outpaced realistic value.

Friday, May 17, 2019

The 10 Best Canned Wines for Summer 2019, Tasted and Ranked

By. Tim McKirdy
The 10 Best Canned Wines for Summer 2019, Tasted and Ranked


Canned wines might have seemed gimmicky when the category launched — heck, brand names like Porch Pounder certainly didn’t help — but they’re absolutely here to stay. According to market research firm BW 166, canned wine sales rose 43 percent between June 2017 and June 2018. In January 2018, Nielsen reported the category was worth more than $45 million.
For the past two years, VinePair has scoured the landscape to find our favorite canned wines. As the sector continues to evolve, and an increasing number of brands get in on the action, we thought it was time to try some more.
Following an extensive tasting of more than 30 nationally available canned wines, we noted many similarities (both positive and negative) with tastings in years gone by.
If you’re the kind of person who gains just as much enjoyment out of a wine’s aroma as its flavors, canned wines might not be for you. When consuming directly from a can, it’s difficult to pick up the wine’s aromas — and, if you do, many are tinged with reductive notes of burnt matches and boiled eggs (once cans are sealed, no oxygen can reach the wine within).
The convenience of the grab-and-go packaging is also a double-edged sword. The vast majority of cans come in 375-milliliter servings, the equivalent of half a standard bottle of wine. Frankly, that’s too large a serving size in our opinion. The (less common) 250-milliliter and 187-milliliter cans are much more user-friendly and more brands would do well to adopt these sizes, even if it means spending a little more.
To come up with this year’s ranking, we judged the wines first on their flavors, given how difficult it is to judge aromas when drinking — as intended — from the can. Afterward, we gave them a swill in a glass so we could share some of their many delicious aromas with you. Finally, we ranked our favorites.
Without further ado, here are the top 10 canned wines for summer 2019.

10. INFINITE MONKEY THEOREM ROSÉ BUBBLE UNIVERSE

Infinite Monkey Theorem is one of the best canned wines for summer 2019.
Denver-based Infinite Monkey Theorem was one of the pioneers of the category, launching its first single-serve release back in 2015. Lightly carbonated, with vibrant aromas of raspberry, bubblegum, and ripe strawberries that continue onto the palate, Rosé Bubble Universe is the pick of the bunch from this producer. Average price: $14.99 per 4-pack.

9. VINNY

VINNY is one of the best canned wines for summer 2019.
Launched in 2018 by Thomas Pastuszak, the wine director at New York’s NoMad hotel, VINNY is a bubbly white blend from the Empire State’s Finger Lakes region. This gently sparkling white wine smells like a slightly candied Riesling, with pear and aloe on the palate. Size-wise, it’s a hit, arriving in slender 250-milliliter cans. Average price: $20 per 4-pack.

8. SANTA JULIA ORGANIC ROSÉ

Santa Julia Organic Malbec rosé is one of the best canned wines for summer 2019.
Santa Julia is one of Argentina’s largest certified organic wine producers. In February 2019, the winery released a line of three canned wines. We enjoyed them all but were particularly impressed by the rosé, which is made using 100 percent organically grown Malbec grapes. With an attractive blend of cranberry, strawberry, and raspberry notes, Santa Julia delivers clean-tasting, organic wine you can drink on the go. Average price: $5.99 per can.Continue Reading

Thursday, May 16, 2019

Coca-Cola moves into alcohol market with premium mixers

Coca-Cola’s Signature Mixers range marks the first time the brand has expanded into the alcohol space and taps into the growing premium mixer market.

coca cola signature mixers
By.Molly Flemming

is launching its first premium mixers under the Coke brand as it looks to expand into growing premium mixer market.
Coca-Cola Signature Mixers features four flavours designed to be mixed with dark spirits, which will launch in the UK from June alongside a fully integrated marketing campaign.
“Coca-Cola has always been part of cocktail culture and history, from the Cuba Libre of the 1900s to some of the world’s best cocktails today,” explains Ana Amura, senior brand manager at Coca-Cola Great Britain.
“Coca-Cola Signature Mixers marks an exciting time for the brand and expansion into dark spirit mixology.”
The move comes as drinkers increasingly opt for more expensive mixers. According to figures from research company CGA, premium mixers are growing at 32.9% compared to the 7% decline seen for mainstream mixers, a trend which is set to continue.
Inspired by the brand’s heritage, Coca-Cola Signature Mixers are served in a contemporary Hutchinson glass bottle, first used by Coca-Cola in 1894 when the product was bottled rather than served at a soda fountain.
The new range, which is available in Smoky, Spicy, Herbal and Woody, was created in collaboration with mixologists and marks the first time Coke has invited outsiders to help develop its own brand.
Coca-Cola asked mixologists to attend a London workshop in March 2018 who were briefed to experiment with ingredients and create mixers to enhance dark spirits.
Consumers were then invited to taste the new recipes, with the four most popular going into production, with each bottle stamped with the signature of its co-creator.
This quick 16-month timeline is a marker of how Coke is trying to streamline its innovation pipelines in order to keep up with consumers’ changing tastes.Continue Reading