Duvel Moortgat acquires another American brewery | RetailDetail

Duvel Moortgat acquires another American brewery

Duvel Moortgat acquires another American brewery

Belgian brewery Duvel Moortgat is to acquire a third American "craft brewery", the Firestone Walker Brewing Company from Paso Robles, California.

Growth in craft beer market

The Belgian company will get most of the shares, while the founders will maintain control over the remainder. Neither party was willing to divulge any information about the sums involved in the acquisition.


Duvel Moortgat already owns the Brewery Ommegang (Cooperstown, New York) and Boulevard Brewing Company (Kansas City, Missouri). The company feels there is a huge potential for growth in the United States, currently the second largest beer market in the world, while craft beers have grown a lot in popularity recently.


"Craft beer already represents 11 % of the total volume and 19 % of the dollars spent on beer in the United States", CEO Michel Moortgat said. "That growth will continue. Craft beers represent 30 % of Belgian volume and that means that the current 11 % in the US will probably grow to 20 %, maybe even 30 %."

Questions or comments? Please feel free to contact the editors

H&M opens web shop on Tmall


Swedish H&M has opened a web shop on Chinese platform Tmall. The company has been through a difficult year with a turnover drop, and the cooperation with Alibaba's platform is a first step following its new strategy that focuses more on online sales.

Guess' turnover grows, but company suffers loss


Fashion company Guess has managed to boost its turnover in 2017, but it did suffer a near 8 million dollar loss compared to the nearly 25 million dollar profit from 2016.

C&A expands web shop to 11 new countries


C&A has introduced its webshop to another eleven countries, instantly more than doubling the range of its online activities. Denmark, Finland, Greece and Sweden are completely new markets, where the chain doesn't have physical stores yet.

New Esprit CEO hails from New Look


Fashion chain Esprit will get a new CEO: Jose Manuel Martínez will leave the company and pass on the baton to Anders Kristiansen. New Look’s former CEO has to bring growth to Esprit, particularly through ambitious plans for China.

Dior exchanges Belgian CFO for British one


After eleven years as Dior Homme’s Chief Creative Officer, Belgian Kris Van Assche is to leave the fashion label to find new challenges. British designer Kim Jones will replace him.

Suitcase brand Rimowa cancels all dealer contracts


Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.

Back to top