Yesterday, California-based CPG company SYSTM Foods announced it had acquired Humm Kombucha for an undisclosed sum. The deal now places the nearly 15-year-old brand under the command of SYSTM’s executive team, which also operates two other functional beverage acquisitions - REBBL and Chameleon Organic Coffee.
SYSTM Foods, a joint venture between SYSTM Brands and CPG investment firm GroundForce Capital, have acquired Humm Kombucha, the companies announced today. Financial terms of the deal were not disclosed.
Just in time for Dry January, boutique non-alcoholic beverage retailer Sèchey and Target are expanding their partnership to curate an NA cocktail and wine set in stores this month, after a pilot run that began in December.
Danone has found a buyer for its premium dairy brands Horizon Organic and Wallaby, announcing today it has agreed to sell the businesses to investment firm Platinum Equity.
In this numbers-heavy video from BevNET Live Winter 2023, Scott Dicker, market insights director at SPINS, offers insight into what is currently driving disruption in the beverage industry.
Over one-fifth of the convenience channel is planning to give more space to beverages in the new year, with energy drink growth driving optimism for the total beverage category, according to the latest Beverage Bytes retailer survey released by Goldman Sachs Equity Research this week.
Hydration drink brand Barcode is expanding its presence across Texas by going chainwide with grocer H-E-B this week. Also, Prebiotic soda brand Poppi is now the exclusive soda for Juice Press stores. The juice bar chain announced this week that the brand is now rolling out to all 80 of its locations nationwide.
As it looks to expand its team to match its fast-growing footprint, discount grocery ecommerce platform Martie has raised $7 million in a new funding round led by Upfront Ventures, the company announced this week.
Non-alcoholic beverage sales decelerated over the Thanksgiving holiday, according to the latest analysis of NielsenIQ data by Goldman Sachs Equity Research covering the two-week period ending December 2.
Zero sugar tea and lemonade maker Swoon today named two new executives, both with experience at large CPG companies, to oversee marketing and sales. Sarah Gustat will serve as Swoon’s first ever CMO and brings over 15 years experience in the beverage industry.
In this video interview, PRIME co-founder Logan Paul sat down with us to discuss how the brand achieved its rapid rise in both the hydration and energy drink categories, including how his and his co-founder KSI’s hands-on approach to branding and marketing helped differentiate the company from other influencer-backed brands.
BevNET Live Winter 2023's second day of programming featured presentations on disruption, non-alcoholic alternatives, M&A opportunities, and more.
After launching its first RTD products this spring, Chamberlain Coffee, the influencer-powered brand created by social media star Emma Chamberlain, is adding two new oat milk-based offerings to compliment its existing almond and coconut milk-based lattes.
The official start to BevNET Live Winter 2023 got going early, with a spirits-themed Sunday afternoon including panels on the state of the RTD cocktail category and a new champion in the annual BevNET Cocktail Showdown.
