Smári Founder Announces Upcycled Barley Milk Brand Bygg
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.
Brad Avery
Posts by Brad Avery
PepsiCo Raises Year-End Guidance in Strong Q3 Report
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 Announces Kathy Cole As New COO
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.
Hard Juice Maker Pulp Culture Launches Protein-Rich, Functional BUILD
With the California-based hard juice brand’s latest flavor – the protein-rich BUILD – Pulp Culture is continuing to push forward its mission of creating a better-for-you alcoholic drink.
Sanzo Commemorates ‘Linsanity’ Anniversary with Jeremy Lin LTO Launch
Asian-inspired sparkling water brand Sanzo has partnered with former NBA star Jeremy Lin for a new LTO flavor launch – Asian Pear – which is rolling out in retail and online this month. The launch is timed to celebrate the 10 year anniversary of “Linsanity."
VPX Files for Chapter 11 Bankruptcy Protection
Vital Pharmaceuticals (VPX), the maker of Bang Energy, has filed for Chapter 11 bankruptcy protection. Business operations will continue, the Florida-based company said in a press release Monday, as it moves ahead with efforts to rebuild the Bang distribution network.
NACS 2022: PepsiCo Showcases Zero Sugar, Energy Innovations; Jason Derulo Invests in TREO
PepsiCo’s mission to become a “Faster, Stronger and Better” company has colored its innovation slate for 2023; Pop star Jason Derulo has taken an equity stake in birch water brand TREO; Innovations in energy drinks may have played the starring role at this year’s show, but iced tea was not far behind.
Logan Paul’s PRIME Hydration Looks to Powders, Energy & International Expansion
Having establishing itself as the sixth largest sports drink brand in the U.S. after less than a year on the market, Logan Paul's PRIME Hydration is now setting its sights on international growth and expanding its platform with powders and energy drinks.
NACS 2022: Tropical Wave Hits Flavor Innovations; Premium Water Brands Boom
Judging from the slate of new flavor innovations on display at this year’s NACS Show, consumers are looking for a little taste of paradise as Tropical SKUs debuted across beverage categories; Eternal Water targets high growth thanks to hiring 41 former Essentia employees.
100 Thieves Taking Gamer Cred into Energy Drinks with Juvee
Gaming lifestyle company 100 Thieves is taking its first steps into the beverage sector with Juvee, a new better-for-you energy drink brand launching online this week.
NACS 2022: Coca-Cola Unleashes Costa Coffee RTDs; Candy Flavored Beverages Keep Coming
The Coca-Cola Company showcased a slate of new product innovations at this year’s annual National Association of Convenience Stores (NACS) Show, including the long-awaited expansion of the Costa Coffee brand into the U.S.
Monster Awarded $293M in False Advertising Suit Against Bang
A jury sided with Monster Energy Co. in its false advertising lawsuit against Bang producer Vital Pharmaceuticals (VPX) in California federal court this week, awarding the company nearly $293 million in damages.
Diageo Acquires Cold Brew Coffee Liqueur Brand Mr Black
Global spirits conglomerate Diageo has acquired premium cold brew coffee liqueur brand Mr Black, in which it previously held a minority stake, the company announced today. Terms of the deal were not disclosed.
PATH Closes $30M Series A Round, Projects Up To 300% Retail Expansion
Bottled water brand PATH has raised $30 million in a Series A funding round led by Altos Ventures aimed at expanding its nationwide distribution footprint and supporting a new East Coast manufacturing facility.