Keurig Dr Pepper (KDP) has entered a strategic partnership with C4 Energy producer Nutrabolt and will invest $863 million for a 30% ownership stake in the brand, along with distribution rights, the company announced today.
It was a smooth win for Velvet Llama as the New York-based brand was named the champion in BevNET’s Cocktail Showdown 3 this weekend. Created by former bartender Luca Forgeois, Velvet Llama launched earlier this year with a line of RTD cocktails.
Plant-based nutrition brand Huel has closed a $24 million funding round led by private equity firm Highland Europe and featuring investment from Idris and Sabrina Elba. The round now brings the U.K.-based company’s valuation to $560 million.
Total non-alcoholic beverage sales remained solid despite deceleration in the two-week period ending November 19, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Two-and-a-half years after a quiet soft launch in its backyard of Boston, probiotic soda maker Culture Pop is preparing to make its name as a national player in the fast emerging functional soda category next year.
The U.S. Food and Drug Administration (FDA) appears to be cracking down on CBD food and beverage brands as the federal agency sent warning letters last week to five companies selling infused products.
While it may once have been the domain of country clubs and retirement homes, the sport of pickleball is making a play for the mainstream. As professional pickleball leagues earn serious attention from the sports world, food and beverage brands see it as an emerging cultural trend, and they’re looking to get in on the ground floor.
Non-alcoholic beverage sales growth accelerated in the two-week period ending November 5, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Total beverage retail dollar sales were up around 15% in the two-week period, picking up pace compared to 13.7% for the four-week period and 12.7% for the 12-week period.
After years of research and development, sustainable beverage company Cove is introducing its biodegradable bottled water next month in Erewhon stores in California. Since 2018, California-based Cove has been working to develop a truly revolutionary innovation with the potential to address systemic sustainability and recycling challenges: a plastic-free, biodegradable bottle.
Oatly announced it will lay off staff and transition the business to an “asset-light” hybrid production model after reporting a net loss of $107.9 million, with revenue growth falling short of analysts’ expectations, in its Q3 earnings report today.
Nova Scotia-based Cove Kombucha unveiled a new look for its line of canned kombuchas this week, ahead of an upcoming U.S. launch. Cove, founded in 2016 by brothers John and Ryan MacLellan, is currently sold in around 1,000 stores across Canada.
The distribution partnership between Celsius Holdings Inc. and PepsiCo is already paying dividends as the performance energy drink maker beat analysts’ net revenue expectations for Q3 2022, reporting 98% year-over-year growth to $188.2 million in its latest earnings report this week.
Flow Beverage Corp. CEO Nicholas Reichenbach said this week’s sale of the company’s Verona, Virginia production facility to sports drink maker BioSteel is primed to create a “path to profitability” for the Canadian alkaline water company.
Keurig Dr Pepper (KDP) CEO Ozan Dokmecioglu has resigned as the company’s chief executive and as a member of the board of directors due to “violations of the Company’s Code of Conduct,” the company announced on Thursday morning.
