The Coca-Cola Company’s continued optimism in the face of rising supply costs and pandemic volatility has analysts feeling that the conglomerate is in a strong position to meet growth projections next year, according to reports from a reception led by Coke’s senior management team in New York this week.
Atlanta-based kids drink brand good2grow was acquired on Wednesday by Chicago-based private equity firm Wind Point Partners, which purchased the brand from its owner Kainos Capital.
“Destination Cocktail” brand Golden Rule found that when you “do unto others” you will be rewarded as the San Francisco-based company emerged victorious in BevNET’s Cocktail Showdown 2 this weekend.
Whether you plan to sip cocktails or mocktails this holiday season, this week’s product launches have plenty to offer with a number of new mixers, bitters and ready-to-drink non-alc alternatives. Also in this roundup, we take a look at a new limited edition seasonal from Bubly and some new year-round additions to the functional beverage shelf.
The Naked Collective, maker of functional beverage brand Mude, announced this week that the product is now launching in Erewhon, Lassens and various independent stores in the Los Angeles area; Sparkling water brand Waterloo is now available on ecommerce platform Grovara, a B2B marketplace which sells wellness brands to international retailers; Following its March launch in retail, ready-to-drink cocktail brand SESH is now available in 12 states, according to the company.
Among the honorees in the Food and Drink category was Kayla Castaneda, 29, the co-founder of this year’s New Beverage Showdown 21 winner Agua Bonita. Forbes highlighted Castaneda’s heritage as a descendant of migrant farm laborers and a former Coca-Cola manager, noting that the agua fresca maker “has shaped her business in the image of her heritage.”
Longtime Jones Soda Co. COO Eric Chastain has been promoted to the role of president of the newly formed Jones Soda Beverage Division; Golden Grail Technology Corp. has hired Erin Heit to help develop its growing brand portfolio; Alkaline water company Flow Beverage Corp. announced the exit of president and COO David Mock; Seth Teply has been named president and CEO of Tetra Pak U.S. and Canada.
All channel non-alcoholic beverage sales remained “broadly strong” across categories during the period ending November 20, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Beverage retail dollar sales rose 11.4% in the two-week period and 11.1% in the four-week period. On a two-year stack basis, total dollar sales were up 27.4%.
When Death & Co. opened its first bar in 2006, it rapidly established itself as one of the premiere names in the modern craft cocktail movement through its innovative approach to creating new drinks. Now, the company is hoping to do the same in the emerging RTD cocktail category with its first retail consumer product: a line of canned libations, which launched this month.
Boston-based Evy Tea is introducing a new identity for its ready-to-drink cold brew teas, changing the brand name to simply “Evy” and rolling out new packaging with updated label designs in 12 oz. aluminum cans.
Canadian investment issuer Eat Beyond Global Holdings Inc. announced today that it has signed a letter of intent to purchase Florida-based plant-milk brand Banana Wave, marking its first acquisition. According to the terms of the deal, Eat Beyond will acquire all outstanding share capital of Mylk Brands Inc., a British Columbia-based corporation which owns Banana Wave producer Fresh Start Beverage Company.
Hint, Inc. CEO Kara Goldin and COO Theo Goldin have been removed from their c-suite roles at the flavored water brand, according to sources close to the company. Hint’s board of directors made the decision this week to reassign the Goldins, who founded the brand in 2005, to unspecified new roles at the company.
Best known in its home state, Lafayette, New York-based Beak & Skiff Apple Farms has been making and selling apple-based products for over 110 years. Now, as the U.S. hemp industry opens up and expands, the family-owned company is turning to the once prohibited cash crop as a major new avenue for growth.
Health-Ade Kombucha co-founder and longtime COO Justin Trout has left the company. The California-based kombucha brand announced his departure this week as newly appointed COO David Yarmoff slides into the role; Also, Swedish plant-based milk maker Sproud named Sara Berger as its new Global CEO this week.
