News

Nielsen: Overall Sales Slow As Volumes Shift Back To On-premise Nielsen: Overall Sales Slow As Volumes Shift Back To On-premise

Nielsen: Overall Sales Slow As Volumes Shift Back To On-premise

by Adrianne DeLuca,

Non-alcoholic beverage sales continue to slow down, but remain positive with a 3.7% increase over the two-week period ending July 17, 2021 on a year-over-year basis, according to an analysis of Nielsen data by Goldman Sachs Equity Research. Volumes continue to shift back towards the on-premise channel during this period which is inclusive of the July 4th holiday while sales climbed 16.4% on a two-year stack basis (last year’s report of the same period began July 5).

Rock N Roll Tequila Announces All-New Strawberry Tequila Rock N Roll Tequila Announces All-New Strawberry Tequila

Rock N Roll Tequila Announces All-New Strawberry Tequila

by Press Release,

Rock N Roll Tequila announced the release of its newest flavor, Strawberry Tequila, to go along with its lineup of award-winning spirits. The brand new flavor is scheduled for its official launch on July 29th and will be the first premium strawberry flavored tequila launched in the US.

EBOOST Rebrands, Reformulates RTD Energy Line EBOOST Rebrands, Reformulates RTD Energy Line

EBOOST Rebrands, Reformulates RTD Energy Line

by Brad Avery,

Better-for-you energy drink maker EBOOST has debuted new branding and a reformulated liquid for its ready-to-drink line. The company, which is distributed through a partnership with AriZona Beverages, will debut the revamped products in 12 oz. cans this summer and plans to follow with a 16 oz. format for convenience retailers later this year.

Dole Completes Merger With IPO Dole Completes Merger With IPO

Dole Completes Merger With IPO

by Adrianne DeLuca,

As the final step to complete a merger with European fresh produce company Total Produce that began in February, this week Dole Packaged Foods intends to raise $559 million from an initial public offering. The merger forms the world’s largest fresh produce provider, joining Dole’s 109,000 acres of land, 162 distribution and manufacturing facilities, 75 picking houses and 12 cold storage facilities with Total Produce’s global import and distribution network.

Plants By People Debuts With Organic, Plant-Based Drinkable Tonics

by Press Release,

Plants By People, a new plant-based food company that unites ancient wisdom with modern science, has launched its first line of products – plant-based tonic beverages. Each single-serve powdered tonic is made entirely of organic plants, herbs, and botanicals, thoughtfully combined to maximize nutritional benefits and restore natural balance.

Office Hours: As Food Service Comes Back, How Has It Changed?

by BevNET.com Staff,

Office Hours returns today with a look into the state of the food service channel as a revenue and visibility outlet for food and beverage entrepreneurs. BevNET Editor in Chief Jeff Klineman was joined by Rooted Food Sales’ Matt Cotton and Clay Lichterman of Kodiak Cakes to explore the ways the Covid-19 pandemic cut into food service opportunities and the slow road back for many institutional accounts.

Credit Suisse: CELSIUS Sales Surge Fuels Growth Credit Suisse: CELSIUS Sales Surge Fuels Growth

Credit Suisse: CELSIUS Sales Surge Fuels Growth

by Brad Avery,

Having emerged this year as one of the fastest growing energy drinks in the U.S. market, CELSIUS’ momentum continues to surge, earning an “outperform” rating according to a new report by Credit Suisse. According to the report, which stems from CELSIUS’ analyst day event in Miami, Florida last week, the brand has seen “a strong rebound in demand post pandemic."

Long Drink Closes $25M Funding Round Long Drink Closes $25M Funding Round

Long Drink Closes $25M Funding Round

by Martín Caballero,

Celebrity backed spirits-based RTD The Finnish Long Drink has announced the closing of a $25 million funding round led by New York-based investment management firm Neuberger Berman.

Taste Radio: The Retailer That Every Brand Wants To Be In… Is a Convenience Store Taste Radio: The Retailer That Every Brand Wants To Be In… Is a Convenience Store

Taste Radio: The Retailer That Every Brand Wants To Be In… Is a Convenience Store

by BevNET.com Staff,

As Foxtrot Market, one of the most hyped retailers in recent memory, prepares to open dozens of new locations, we sat down with co-founder/CEO Mike LaVitola to talk about how the company cultivates an intimate understanding of its consumers, its uniquely curated product selection and why the chain is simultaneously going head-to-head with the likes of Starbucks, 7-Eleven and DoorDash.