Blog: Boston Beer's Jim Koch in his own words
Chris Mercer | 8 September 2010
Boston Beer founder Jim Koch has never been one to shy away from colourful comments, which always makes life easier for us media types. Here is a blog dedicated to Koch quotes from his performance at this week's Barclay's Back-To-School conference.
On beer in general: "My rule is always one beer an hour. Men who drink two beers a day will live several years longer than those who don't. God punishes [non-drinkers] by giving them early mortality."
On beer industry terms: "The cheapest beer in the bar is called premium, don't ask me why."
On why Boston Beer keeps a tight reign on costs: "I'm the owner who's there every day and it's my money, and i don't like to see it wasted."
And, on the company's focus on long-term growth: "We don't necessarily worry about quarter-to-quarter results because nobody can fire me. I'm not going away."
On the growing popularity of craft beer: "You may be witnessing the leading edge of a paradigm shift at the high end of the US beer business."
On the prospect of Anheuser-Busch InBev and PepsiCo agreeing a distribution tie-up, or perhaps even a full-on merger. "It's an earthshaking event depending on what happens. Cataclysmic. It's one of those asteroid-hitting-the-earth kind of scenarios and there are fundamental issues with it in that wholesalers are very politically powerful and they could prevent A-B InBev taking advantage of [efficiencies]. Small brewers would suport the wholesalers in that effort."
But, on A-B InBev's general quest for efficiencies in the US beer market: "God love 'em and good luck."
Despite accounting for just a small percentage of overall sales, craft beer is making an impression on the US....
Here's a round-up of the big stories on just-drinks last week, featuring SABMiller, Orangina Schweppes, PepsiCo and Scottish devolution....
Knowledge is power, or so they claim. So, with that in mind, here's an infographic, courtesy of Australian company Hangover Revivol, that breaks down exactly what is behind the common hangover....
- Bacardi Seeks Own History at Bombay Sapphire Home
- NPD: The Craft Cocktail Revolution
- No Home Comfort for TWE as Bids Collapse
- Interview - WoSA chief executive
- Private-equity bids "over" - TWE head
- Suntory Holdings to split beer, spirits division
- Diageo's Smirnoff Sours
- Anheuser-Busch InBev appoints new AmBev CEO
- Treasury Wine Estates pulls plug on takeover talks
- 'Carlsberg suspends production at Russian brewery'