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.
As the Bored Ape Yacht Club has made its cartoon simians synonymous with web3 culture, multiple CPG companies have adopted the NFT collection’s imagery for branding and marketing purposes. But now, California-based startup Ape Beverages Company has crafted an entire business around it.
Attorneys general from Washington state and the District of Columbia are seeking to temporarily block a $4 billion payout to Albertsons’ shareholders on November 7, filing lawsuits this week to put a hold on the cash dividend at least until the grocery giant’s proposed merger with Kroger can be reviewed by federal regulators.
Non-alcoholic beverage sales remained “robust” in the two-week period ending October 22, despite flat sequential growth, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Beverage companies operating in Connecticut have just two more months to prepare for a sweeping expansion of the state’s bottle laws, which will extend the five cent deposit on packaged drinks to cover the vast bulk of beverage categories and packaging formats effective January 1, 2023.
The California-based beverage company announced this month it has brought on celebrity influencer Kylie Jenner and Dallas Cowboys quarterback Dak Prescott as brand ambassadors and equity stakeholders, kickstarting a national media campaign aimed at rapidly increasing brand awareness.
Following its acquisition of Vive Organic, cold-pressed juice maker Suja is aiming to become a giant player in the 2 oz. shots space. The two California-based companies announced yesterday that Suja has purchased Vive for an undisclosed fee, marking the first acquisition by Suja since it was itself acquired by private equity firm Paine Schwartz Partners last year.
Arkansas-based GEN Z Brands is getting serious; led by a team of industry veterans, the bottled water product is rolling out into select Target stores this month as it dials-in on sales and marketing ahead of broader scaling efforts next year.
Constellation Brands is simplifying its approach to the cannabis industry as the company announced plans today to convert its common shares of Ontario-based Canopy Growth Corporation into new non-voting exchangeable shares. As part of the move, the alcohol conglomerate will consolidate all its U.S. cannabis assets into a single holding company, Canopy USA.
Dietrich Mateschitz, the co-founder of pioneering energy drink brand Red Bull and owner of the Red Bull Formula One racing team, has died at the age of 78. Mateschitz’s death was announced Saturday by officials for the company’s Formula One team during the United States Grand Prix in Austin, Texas.
After filing for Chapter 11 bankruptcy protection earlier this month, Vital Pharmaceuticals (VPX), the Florida-based maker of Bang Energy, continued to face challenges both in court and in the market this week, while also advancing its long-awaited web3 ambitions.
CBD sparkling water brand Day One Beverages has closed a round of funding led by Arizona-based family office Vincere Capital. The financing, which was stated to be a multimillion dollar round, closed in June and was announced this week.
Nestlé has reached an agreement to fully acquire Seattle’s Best Coffee, a dry coffee brand owned by Starbucks, four years after the Swiss conglomerate obtained global marketing and distribution rights to the brand.
Beverage sales in the convenience channel grew 12% in Q3, with a 3% increase in foot traffic in spite of economic headwinds, according to the latest Beverage Bytes retailer survey from Goldman Sachs Equity Research.
