News

Suja Acquired By PE Firm Paine Schwartz

Cold-pressed juice brand Suja Life has been acquired by investment group Paine Schwartz Partners, the company announced today. Financial terms of the deal were not disclosed.

Coconut Cartel Announces Expansion Into Seven New U.S. Markets

Coconut Cartel Special Añejo has announced new distribution into seven new markets statewide after launching in Georgia earlier this year. Coconut Cartel will be exclusively distributed in Texas by Green Light Distribution; North Star Spirits in Idaho; M.S. Walker in Rhode Island; Murphy Distributors in Connecticut; and Bacchus Imports in D.C., Maryland, and Delaware. 

PepsiCo: Q2 Net Revenue Surges as Consumer Mobility Returns

Fueled by the resurgence of on-premise accounts and increased consumer mobility, PepsiCo net revenue surged 20.5% to $19.2 billion in Q2 2021, beating already-optimistic analyst expectations. According to an earnings report released today, organic revenue growth increased 12.8% in the quarter, up from 7.4% last year.

CRB Expands Board-Level Leadership Team

CRB, an international leader in sustainable engineering, architecture, construction and consulting solutions to the food and beverage and life sciences industries, announced the election of four new members to its Board of Directors: Sandy Price, Tim Hannan, Bob Uhler and Shannah Falcone. Current board member Paul Skinner also was re-elected to another term.

Nielsen: Overall Gains Offset By Growth Slowdown

Non-alcoholic beverage sales slowed across all channels over the two-week period ending on July 3, 2021, according to an analysis of Nielsen data by Goldman Sachs Equity Research. Yet overall growth remains positive — on a two-year stack basis, total non-alcoholic sales are up 15.5% — and growing momentum behind the on-premise channel (+5.1% over the two weeks) are causes for optimism.

Island Oasis Launches Mixes For Frozen Drinks Into U.S. Retail Marketplace

Island Oasis, the world-famous leader in beverage mixes for frozen drinks, is proud to introduce our new line of premium beverages mixes for home use. The Island Oasis retail range offers clean-label margarita, strawberry daquiri, pina colada, mango and watermelon mint mojito mixes—perfect for blending your favorite tropical drinks.

Mossy Oak Wellness FUEL Launches At Retail

Mossy Oak Wellness is proud to announce the launch of its FUEL line of functional ready-to-mix beverages at retail this July, 2021. Launched direct-to-consumer in early February of this year, Mossy Oak Wellness was founded by OH-based OutdooRx, Inc. via a licensing and marketing partnership with MS-based Mossy Oak.

Taste Radio: How To Become The ‘Envy’ Of Your Competition, One Dream Retailer At A Time

This episode features an interview with Wes Henderson, the co-founder and chief innovation officer of Angel's Envy, who chronicled the history and development of the revered whiskey brand and how the company rapidly scaled while staying true to its values. This podcast also includes a conversation with the founders of two innovative brands that focuses on how each landed placement in their dream retailers. Teresa Tsou, the co-founder of better-for-you snack brand Pipsnacks, and Andrew Suzuka, the founder of organic, vegetable-infused tomato sauce brand Otamot, discussed the key steps along their respective paths into Whole Foods and Sprouts.