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.
As it looks to expand its own branded line of NA wines in retail this fall, no- and low-alc drinks “curator” Sèchey announced last week it has received an investment from adult beverage-focused private equity firm InvestBev. Terms of the deal were not disclosed.
For 31 years, Colorado-based Chromatic Technologies Inc. (CTI) has been a leader in beverage packaging innovation, pioneering temperature-sensitive thermochromic inks for products like Coors Light’s famous color-changing cans. Now, under new leadership for the first time since its founding in 1993, the firm is working to scale operations and keep its innovation pipeline full.
American food tech startup Shiru is partnering with Japanese multinational Ajinomoto Health & Nutrition on the development of new low glycemic sweetener systems created from sweet proteins identified by Shiru’s proprietary A.I. protein discovery platform.
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.”
