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.
After an exit to Nestlé last year, Essentia founder Ken Uptain and its former CEO Scott Miller are jumping back in the water with Yesly, a new brand of canned enhanced waters launching early next year.
In this edition of People Moves, Lemon Perfect appoints a new Director of Brand Marketing, while Electrolit names a new commercial director for Canada. Elsewhere, Blue Triton names its new CMO.
Kroger will purchase fellow grocery retailer Albertsons in a $24.6 billion deal that has left members of the industry wondering about the long term ramifications for brands and shoppers.
After closing the book on his last food and beverage venture Smári Organics, Smári Ásmundsson’s new brand has the Icelandic-born, California-based entrepreneur thinking Bygg.
PepsiCo raised its 2022 full-year organic revenue guidance to +12% in its Q3 earnings report this week, citing a strong quarterly performance bolstered by North American market share increases in snacks and sports drinks. The New York-based conglomerate surpassed analyst expectations in its quarterly report, announcing Q3 net revenue growth of 8.8% to $21.97 billion.
Bang Energy has named food and beverage industry veteran Kathy Cole as its new COO, responsible for overseeing the “integration of a new high-performance operations model,” according to the company. She will report to Bang founder and CEO Jack Owoc.
