Yesterday’s Wall Street Journal brought the story, “Bud Crowded Out by Craft Beer Craze.” While Bud Light is currently the highest selling beer in the United States, the flagship brand Budweiser is fading. The international beverage giant is scrambling to win over younger drinkers to boost Budweiser sales, so the familiar Clydesdale horses are out… More Weak beer and antitrust economics
Lynne Kiesling As Jonathan Adler notes at the Volokh Conspiracy, the Wisconsin legislature is considering a piece of legislation that would change the regulations governing the production, wholesale distribution, and retail sale of beer in Wisconsin. The controversial provision in this legislation is one that prevents brewers from owning wholesale distributors, and the controversy arises… More Distortionary effects of three-tier liquor regulation, Wisconsin edition
Lynne Kiesling Last week, Chicago craft brewery Goose Island agreed to be acquired by Anheuser-Busch, which purchased a 58% equity stake in the brewery. Goose Island founder John Hall argues that the deal enables Goose Island to make investments to increase capacity, an investment necessary for continued profitability. He recognizes that some may be skeptical… More Goose Island: What if acquiring capital cannibalizes your market?
Lynne Kiesling The area around New Glarus, Wisconsin, is one of our favorite places when we want to get out of town. Great roads for cycling, camping, beautiful scenery, and of course the newly-expanded New Glarus Brewery. Gone are the days when we could get Spotted Cow and Uff Da Bock around here; now we… More Weekend jaunt from Chicago: New Glarus, Wisconsin