Wells Fargo Securities highlighted slowing growth in the energy drink category in a new report detailing Nielsen xAOC (expanded all outlets combined) year-over-year sales data for the four-week period ending on August 13. While dollar sales growth was modest or in decline across most beverage categories, Wells Fargo noted energy’s soft performance recently, up just 3.3 percent in the measured timeframe.
Honeydrop, which produces a line of high pressure processed, cold-pressed lemonades sweetened with honey, today announced new chainwide distribution at natural retailer Sprouts Farmers Market. The beverages are now available at all 250 Sprouts locations across 13 Southern U.S. states stretching from California to Georgia.
The return of Crystal Pepsi came with a few updated graphics, but it’s clear that PepsiCo is aiming for nostalgic appeal. In this podcast, we discuss what, if any, impact retro and throwback products and packaging might have for a brand. We also examine similar attempts of reviving dated imagery and discontinued products by companies seeking a sentimental response.
Beginning this week at Mamma Chia is Lance Dermeik, who has come aboard as the company's new vice president of operations. Dermeik joins Mamma Chia, a maker of chia-based beverages and snacks, after eight years at Hain Celestial as director of contract manufacturing where he oversaw operations on more than 40 contract manufacturers and 15 natural and organic brands.
At next month’s Natural Products Expo East trade show in Baltimore, the New York-based brand will debut an organic line extension of “electrolyte infusions” targeting an older demographic and tilting toward more female consumers, the founder says.
Last week natural products distributor United Natural Foods Inc. announced the acquisition of Gourmet Guru, a natural and organic food and beverage distributor and merchandiser serving the Northeast.
Steaz CEO Linda Barron said the transaction “will provide the company with resources and strategic synergies to further accelerate the growth of the brand.”
A longtime veteran of the food and beverage industry, Sarah Bird takes the reins from Bhakti founder Brook Eddy, who now serves as chairwoman of the company’s board of directors. Eddy remains “involved in the vision, innovation and culture” of Bhakti, according to the company.
Co-founder and CEO Karim Mashouf, who launched the brand in 2008, called the new distribution “a significant step forward for our brand to reach a larger number of customers.”
Amid a surge in new cold brew coffee products, suppliers are doubling down on efforts to differentiate from the pack and appeal themselves to new consumers. In this edition of the BevNET podcast, we discuss how brands are innovating in terms of packaging, formulation and flavor variety and examine the impact of nitro cold brew products.
Announced Friday via press release, Tom Malengo, chief business officer at The Litchfield Fund, discussed the investment in a call with BevNET, saying he was impressed by Genius’ recent brand revamp and gains in distribution and founder Alex Bayer’s vision for the company.
Plant-based food and beverage private equity firm Powerplant Ventures today announced the closing of a $42 million fund. The fund is led by Mark Rampolla, founder of ZICO Coconut Water, Kevin Boylan and T.K. Pillan, co-founders of the Veggie Grill restaurant chain, and Dan Beldy, former Managing Director of Steamboat Ventures (the venture capital division of Disney).
Disclosure filings recently made public by the Philadelphia Board of Ethics revealed the trade association spent more than four times the amount of those backing Philadelphia mayor Jim Kenney’s initiative.
Runa's revamp was a project nearly 18 months in the making, but co-founder Tyler Gage believes that the company, a marketer of guayusa-based tea and energy drinks, finally got it right.