The Alcohol and Tobacco Tax and Trade Bureau of the U.S. Department of the Treasury (TTB) has recognized singani as a unique type of brandy and a distinctive product of Bolivia, designating the grape distillate as its own subcategory. The new rule will go into effect on February 13.
Non-alcoholic beverage retail sales accelerated in the two-week period ending December 31, bolstered by improved volumes, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
As a beverage industry professional, Blodin Ukella worked for other founders to market brands aligned with the health and wellness trend. Now that he’s launching a tea venture of his own, the first-time CEO is looking to make some Ryl change.
The U.S. Federal Trade Commission (FTC) has opened a preliminary investigation into The Coca-Cola Company and PepsiCo probing potential price discrimination within the soft drink market, according to media reports.
Non-alcoholic beverage retailer Boisson has partnered with alcohol ecommerce platform Drizly to offer its catalog of over 125 NA brands to consumers across the country.
For the past decade, Dubai-based Koita Foods has sought to modernize the plant-based beverage aisle in the Middle East with its line of non-dairy milk alternatives. Now launching in the U.S., the brand is hoping to make its name known in the crowded dairy alternative category.
After rapidly establishing itself last year as one of the fastest growing brands in the sports drink category, PRIME is expanding into the energy drink set with the launch of its third product line, PRIME Energy.
After shutting down operations last year, Portland, Oregon-based probiotic tonic brand Good Wolf has relaunched under new ownership. Good Wolf announced the relaunch last week alongside a refreshed website featuring Hibiscus Bloom, Ginger Lemon and Pina Colada flavors in 12 oz. cans, but products have been back on the market for several months according to the brand’s new owner, Nathan Keane.
As functional beverages have played an increasingly important role in consumers’ daily routines, pro- and prebiotic gut health friendly drinks spent 2022 increasing their presence in the market. Through new product launches, increased distribution and some sizable investments gut health drinks have greatly increased their visibility.
The energy drink category felt far more than a light buzz in 2022. The category saw nine-digit strategic investments, a high-profile bankruptcy, the loss of an industry pioneer and multiple startup brands with breakout moments.
Looking to set the company on a path to profitability, Super Coffee has named Tyler Ricks as its new CEO with co-founder Jimmy DeCicco moving into the new position of chief brand officer and executive chairman.
Good Karma Foods has named Mike Murray as its new CEO as the plant-based dairy alternative producer prepares to close a new financing round led by Valor Siren Ventures (VSV) and Loft Growth Partners.
Cometeer, the Massachusetts-based maker of flash-frozen coffee pods, laid off a number of employees across departments last week in a move sources described as an attempt to cut costs. The innovation-focused startup had grown to over 100 employees this year, following a $35 million funding round in 2021 that brought its total financing to around $100 million.
Suja CMO Greg Rose is wrapping up a nearly six year tenure with the cold-pressed juice brand. Rose announced his departure from the San Diego, California-based company, effective at the end of next week. Also, Bang Energy COO Kathy Cole appears to have left the company.
