The round is the third in the past 18 months for the company, taking the total amount invested in the brand to $45 million.
Bob Groux of Coast Brands will be stepping in to replace former U.S. CEO John Carroll on an interim basis.
According to multiple sources, the Brooklyn-based company, which markets a line of bottled iced coffees and made functionality a key point of differentiation from competing products, has laid off most of its staff and is said to be seeking a new infusion of capital in hopes of a restaging its coffee line.
Brands create categories. But declining categories can smother brands. That’s what a five-year analysis of topline category data tells us.
Americans are drinking less soda than ever before and as a result, soft drink makers are looking to get creative.
In an organized display of protest, environmental activists, upset with PepsiCo's policy regarding how it sources palm oil, flooded Amazon.com with thousands of negative reviews for the product.
From upstarts to industry powerhouses, beverage companies have broadened the scope of their operations in the last week.
There’s an increasing number of people questioning the whole premise for dairy milk, either because they’ve embraced non-dairy paleo lifestyles, have environmental concerns associated with a dairy-centric agricultural system, or just plain don’t like the taste as much.
Nearly four months after its launch of a juicing facility in Southern California, Vital Juice has announced its arrival in the New York City market.
Last month, New York-based Exotic Superfoods voluntarily recalled its flagship Young Thai Coconut water product, following a visit from the FDA.
One reality of getting older is that your attention tends to wander. Hence, I present some disparate thoughts to ponder.
The FDA will now require establishments with a foodservice component, including restaurants, grocers and convenience stores, with 20 or more locations to list caloric information on their menus.
Jeff Hansberry, who played a key role in Starbucks’ 2011 acquisition of Evolution Fresh, is now at the helm of the cold-pressed, high pressure processed juice brand.
Duane Primozich of Boulder Brands Investment Group praised Tumeric Alive’s explicit association with turmeric, considering “the magnitude and potential” for the ingredient.