The Vita Coco Company posted 3% net sales growth to $144 million in its Q2 2024 earnings report this morning, bolstered by improvements to its core coconut water line. Year-to-date net sales were up 3% to $256 million.
Logan Paul and KSI’s PRIME Hydration has caught the ire of the U.S. Olympic & Paralympic Committee (USOPC), which filed a lawsuit against the sports drink brand last week alleging it violated the committee’s trademarks on the packaging of its recent collaboration with NBA star and Team USA member Kevin Durant.
Three years after PepsiCo divested its stake to private equity firm PAI Partners, the Tropicana Brands Group (TBG) has established a clear operational philosophy: act like a “$3 billion startup.”
Pernod Ricard is honing in on its American whiskey ambitions with a new U.S.-based subsidiary, North American Distillers (NADL), responsible for global operations for all of its American whiskey portfolio brands.
Non-alcoholic beverage sales growth remained healthy despite some deceleration in the two-week period ending June 29, according to the latest analysis of NielsenIQ retail scanner data by Goldman Sachs Equity Research.
Growth equity investment firm Alliance Consumer Growth (ACG) announced today it has closed on a new, $160 million fund, the company’s fifth. The new fund brings ACG’s lifetime financing to over $1 billion in aggregate capital commitments, the firm said.
In this video from BevNET Live Summer 2024, Lowes Foods SVP of merchandising Glenn Figenholtz walks through the chain’s experiential approach to grocery shopping that includes bells, beer dens and the Chicken Dance.
WET Hydration will be sporting a new look next month with a rebranded 12 oz. can design debuting on July 15, featuring a more vibrant array of colors intended to help the hydration drinks pop on shelf and reposition the product as a “Wellness Water.”
Non-alcoholic beverage sales accelerated in the 52-week period ending June 15, 2024 as volumes picked up to offset “broadly stable pricing growth,” according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Natural foods business SunOpta has completed a $26 million expansion of its Modesto, Calif. production facility, the company announced today, allowing it to increase its oat milk output by more than 60%.
Generous Brands, the independent beverage producer behind Bolthouse Farms and Evolution Fresh, has entered an integrated partnership with Sambazon to make the brand’s bottled açaí juices and smoothies, and to sell and distribute the brand across the U.S. and Canada.
Since launching in 2021, Los Angeles-based tepache brand De La Calle has been working to bring a classic Mexican beverage to the U.S. market. Now repositioned as a “Modern Mexican Soda,” the brand is intent on bringing more Hispanic consumers into the fold.
Chris Hunter is well aware that his current health and wellness-oriented lifestyle and role as the CEO of plant-based protein drink maker Koia are not what anyone expected from him when he first set out to become an entrepreneur – himself included.
Koia has built its reputation in the cold box, but in order to achieve its next stage of growth the company is breaking onto the dry shelf with this month’s launch of Koia Nutrition Shakes, its first shelf-stable offering.
