With his latest beverage alcohol play, sports business analyst and CPG investor Darren Rovell is feeling the heat – and he’s excited for it. Kickstand Cocktails launched earlier this year with a line of spicy ready-to-drink canned cocktails with 5.5% ABV per 12 oz. can.
Non-alcoholic beverage sales gained pace in the two-week period ending December 3 as volume growth “remained stable despite a slight acceleration in pricing,” according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Prebiotic soda producer Poppi has closed a $25 million Series B funding round backed by existing investor CAVU Venture Partners, the company announced today. The new financing arrives as Poppi reports 148% year-over-year growth amid a significant retail expansion.
Health-Ade has named former PepsiCo executive Chris Lansing as its permanent CEO as co-founders Daina Trout and Vanessa Dew prepare to step away from the kombucha company early next year.
Advertising watchdog group Truth in Advertising and the University of Connecticut Rudd Center for Food Policy & Health filed a complaint with federal agencies today against energy drink maker GHOST, alleging the company has “unfairly and deceptively” marketed its products to children.
Coca-Cola’s North America CMO Melanie Boulden is departing the Atlanta-based conglomerate for a new role at Tyson Foods where she will serve as EVP, Chief Growth Officer. In a press release, Tyson stated Boulden will assume the newly created role on February 6.
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.
