Schlitz, Gansett Tap 'Old' Beer Revival
MILWAUKEE (TheStreet) -- In VFW posts, Elks lodges and Shriner temples across America, there are signs for bygone beers that some brewers want to light again.
Before there was Anheuser-Busch InBeV (BUD), Molson Coors (TAP) or SABMiller (SAB), there were regional brewers, whose beer flowed directly into the local conscience. While Pittsburgh stuck with Iron City, Chicago kept Old Style and Texas is still tied to Lone Star, decades of profit padding and cost-cutting let labels like Narragansett, Rheingold and Schlitz fade to pale imposters prior to recent revivals.
|
"It was death to beer flavor by 1,000 cuts," says Kyle Wortham, senior brand manager for Milwaukee-based Schlitz. "It wasn't something you could recognize yearly, but over decades there's a hell of a difference from what you were drinking back then to now."
Last year, the folks at Schlitz pulled cans of fetid swill out of coolers across the Midwest and replaced it with a bottled, maltier mix more in line with the recipe that "made Milwaukee famous" when it was a top-two brand in the 1950s, '60s and '70s. Schlitz brewmaster Bob Newman culled the confidential, unwritten recipe from the memories of former brewmasters and employees before the company distributed it to "men's social clubs" and cranked up a promotional effort that included retro merchandise like lawn chairs, bottle-opening belt buckles and nudie pens featuring Playboy's Miss December 1968 Cynthia Myers. Schlitz gunned for older men who remembered the beer's glory days, had been contacting the company about such a change for years and felt disenfranchised by the big brewers' youth movement and craft brewers' mature prices.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV