American Craft Beer The Best Craft Beer, Breweries, Bars, Brewpubs, Beer Stores, And Restaurants Serving Serious Beer.
The beer biz never sleeps at American Craft Beer. And here’s just some of what’s been happening while you were drinking your way through the weekend.
Brexit Ends Craft Beer Boom in UK
A perfect storm of circumstances is killing the craft beer business in the UK, obviously Covid hurt as did inflation, there’s also the rise in alcohol taxation, but for craft breweries that closed this year and last Brexit was the final nail in the coffin.
Exporting craft beer to the EU is now a time-consuming nightmare for fans of British craft beer on the continent who found the process so expensive and time consuming and the UK paperwork so daunting that they abandoned the process entirely.
And with their export trade disappearing more than 100 small brewers that have been forced out of business in the past 18 months.
“It just got too much,” Bone Machine Brewing founder Kimi Karjalainen told the Guardian “We were heavily geared for export. We’d be selling to Finland, Sweden, Norway, Ireland, Netherlands, Italy and Spain. We had Hungary in the pipeline. And it all disappeared with Brexit.”
“Everyone was saying ‘it’s too complicated to import anything from the UK any more. In terms of pure output, that was about 30% to 40% of what we made. In terms of income, it was probably more than half.”
Words to Drink By
“Once you’ve made it, don’t keep reminding us that you’ve done so. We know.” – Bob Lefsetz, Music industry writer and media analyst
Most Valuable Beer Brands in the World
Business valuation consultancy firm Brand Finance recently released a list of the world’s most valuable beer brands in 2023 and it was an incredibly close race at the top.
Rather than simply ranking brewers by overall revenue, Brand Finance says it measures “the net economic benefit that a brand owner would achieve by licensing the brand in the open market.”
Heineken was crowned the world’s most valuable beer brand in 2023, knocking back Corona Extra which held that #1 spot in 2022.
Budweiser held its #3 spot and in spite of the Bud Light Trans controversy Bud Light was ranked at #4.
And here’s the Top 10 “Most Valuable Beer Brands” according to Brand Finance…
- Heineken ($7,594 billion)
- Corona Extra ($7,425 billion)
- Budweiser ($6,654 billion)
- Bud Light ($5,949 billion)
- Modelo ($4,241 billion)
- Snow ($3,505 billion)
- Kirin ($3.261 billion)
- Asahi ($2,840 billion)
- Coors Light ($2,727 billion)
- Miller Lite ($2,701 billion)
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