![Danone Makes $283M Offer to Purchase Lifeway Foods [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2024/09/24142157/bevnet_danone_lifeway_thumbnail-150x150.jpg)
Danone SA is making a move to acquire leading kefir manufacturer Lifeway Foods, offering $283 million, or $25 per share, for the publicly traded company, according to a Schedule 13D form filed yesterday with the U.S. Securities and Exchange Commission.
The co-branded line includes three ready-to-drink Jolly Rancher flavored C4 Performance Energy drinks, a Bubble Yum flavored pre-workout powder mix, and Hershey and Reese’s flavored protein powders – the first protein products launched under the C4 brand.
While core brand revenue declined, Flow Beverage Corp. reported consolidated net revenue growth of 5% to CAD$13.8 million in its fiscal year Q3 2024 earnings report today, marking its most profitable quarter since the company went public.
GURU is focusing on making a return to profitability as it faced net revenue declines in its Q3 2024 earnings report this week. The Canadian energy drink brand reported net revenue of CAD$7.9 million in the quarter, down from CAD$8.9 million in the same period last year.
Since its 2022 speedrun from concept to launch in the wake of Honest Tea’s demise, Just Ice Tea has often measured its successes against its predecessor’s 24-year-long lifespan. And that is still the benchmark for Seth Goldman as Just establishes itself as the number two RTD tea in the natural channel.
The SEC has charged Keurig Dr Pepper (KDP) $1.5 million for making inaccurate statements about the recyclability of K-Cups after finding that two of the largest recycling companies in the country had “significant concerns” about processing those tiny plastic pods.
Can two legacy juice manufacturers become a major force in a stiff category? That’s the goal for California-based Perricone Farms after it announced this week it had acquired family-owned Natalie’s Orchid Island Juice Company for an undisclosed sum.
Keurig Dr Pepper (KDP) may be sitting on a robust portfolio of coffee brands, but it’s Black Rifle Coffee Company’s upcoming energy drink line that has the beverage giant entering a new distribution deal.
Specialty coffee and tea manufacturer BLK & Bold is kicking off football season with a new partner as the Black-owned business announced this week it has brought in College Football Hall of Famer Deion “Coach Prime” Sanders as co-owner and social change leader.
Startup brand Agua Bonita is still growing, but it’s been flanked by other brands in a category that has received widespread attention from all reaches of the beverage industry, from startups such as Bawi and Frescos Naturales, to launches from corporate giants like Coca-Cola and BlueTriton Brands.
ZBiotics, a food tech startup developing a slate of functional CPG products made with genetically modified probiotics, has closed a $12 million Series A funding round led by Spring Tide Capital. Joining Spring Tide are several other CPG-focused finance firms, including Access Capital, Seamless Capital, Goat Rodeo Capital and Seaside Ventures.
Clearly Canadian has experienced the heights of success and the depths of bankruptcy. Now the Toronto-based sweetened sparkling water brand is figuring out how to strike the right balance between 1990s nostalgia and the modern, better-for-you beverage business.
Emma Chamberlain is getting a big promotion at her namesake coffee brand. Chamberlain Coffee announced today that she has been named co-CEO of the company, to serve alongside the brand’s former COO Gustav Hossy. The duo are replacing Christopher Gallant in the chief executive role.
Reed’s, Inc. continued to make strides in its turnaround efforts during Q2 2024, showing a double-digit increase in net sales and further reduction in operating losses in Q2. Net sales in Q2 were up 19% year-over-year to $11.9 million.
