After 30 Years, Chicago's Goose Island Beer Is a Global Brand
*By Christian Smith*
Thirty years after Goose Island Beer Co. founder John Hall started making his craft brews in Chicago, the brewery has grown into an international business, with ambitions for expansion in some of the most sophisticated beer markets in the world.
The company operates seven brewpubs outside of the United States, with taps in China and South Korea, and plans to open pubs in Australia and London next, said Todd Ahsmann, the Goose Island president.
"We have global distribution of our beer, which is a little weird for me," Ahsmann said in an interview Friday with Cheddar.
He got his first taste of the beer industry as a bartender at Goose Island's first brewpub in Chicago. His behind-the-bar education and a childhood friendship with the son of Goose Island's founder, John Hall, led to a job in the company's marketing department, where he worked for a decade.
"When we opened our brewpub 30 years ago there were about 60 breweries in the U.S.," said Ahsmann. "Now there's 6,500 breweries."
His familiarity with the growing industry and Goose Island's brews in particular were the reason the company named him president in 2017. Before that, he was president and general manager of Blue Point Brewing, a Long Island brewery owned by Anheuser-Busch. Goose Island was acquired by Anheuser-Busch in 2011.
Hall, the Goose Island founder, was inspired to brew his own beer after a sudsy trip to Europe in the 1980s. His brewery grew quickly, eventually becoming one of the most popular craft labels in the country.
With dozens of varieties to choose from, it's hard for Ashmann to pick a favorite.
"People ask me what my favorite beer is, I usually say the one in my hand."
For the full interview, [click here](https://cheddar.com/videos/goose-island-beer-co-returns-to-its-chicago-roots-as-it-celebrates-30th-anniversary).
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.