Strong pricing helped keep non-alcoholic beverage sales largely consistent in the two-week period ending June 18, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Retail dollar sales in the two-week period grew 9.4% year-over-year, compared to 9.3% growth in the four-weeks and 11.3% for 52-weeks.
Founder Jordan Silbert is stepping down as CEO of premium cocktail mixer brand Q Mixers, handing the reins to industry veteran Bob Arnold; Nitro cold brew coffee producer RISE Brewing Co. has named industry vet Richard Matusow as its chief sales officer; Energy drink sales vet Sam Wilson has joined Congo Brands.
Seattle-based food tech company Atomo Coffee, the maker of a “beanless coffee” made with upcycled ingredients, has raised $40 million in a Series A round ahead of its ecommerce launch today, the company announced.
Keurig Dr Pepper (KDP) has entered a definitive agreement to acquire global rights to Canadian non-alcoholic RTD cocktail brand Atypique. The acquisition is expected to close in early Q4 2022 and terms of the deal were not disclosed.
Amid this gut health breakout, co-founder and CEO Stuart Dimson believes that Doctor D’s moment has arrived and the company has opened a new venture funding round as it anticipates more than 100% growth in 2022.
PlantBaby, a Hawaii-based plant-based kids nutrition brand, announced this week it has closed a $4 million seed round led by Big Idea Ventures and The Fund LA.
After a year-and-a-half of high tension and muted sales, Bang Energy says it has officially ended its distribution partnership with PepsiCo. The Florida-based brand, a subsidiary of VPX Pharmaceuticals, announced in a brief press release today that “all disputes with PepsiCo have been fully settled and resolved” effective immediately and that the brand will return to DSD distribution through a number of new partnerships.
As inflation continues to put a higher burden on consumers’ wallets, the National Association of Conveniences Stores (NACS) predicted that private label CPG products could continue to play a larger role in total in-store sales, according to the industry group’s 2021 State of the Industry report, released this month.
After two years of plugging away at the hangover prevention beverage category, California-based startup The Plug is repositioning itself as a functional liver health brand as it prepares to expand in retail this year via a partnership with beverage incubator L.A. Libations.
In part two of our coverage of Summer Fancy Food Show 2022, mocktail brands like Mingle and Mocktail Club gain ground in retail; startups such as Shrubbly and Waku debut new rebrands; and Circles Coffee introduces a new single-serve pour over format.
In this first dispatch from Summer Fancy Food Show 2022, Joe Tea discusses its move into plastic bottles, ready-to-drink boba tea brands debut new innovations, and Lifeway Foods discusses its charity kefir bottle to support Ukraine.
Flow Beverage Corp. announced a 21% decline in consolidated net revenue to approximately $9 million in Q2 FY2022, compared to $11.3 million the previous year.
Canadian energy drink maker GURU Organic Energy Corp. reported quarterly net revenue of CAD$7.6 million, up 7% from CAD$7.1 million in 2021, in its fiscal year Q2 earnings report today.
Wisconsin-based holding company New Berlin Beverage Co. announced this week that it has acquired sparkling tea brand Minna, providing the startup with a capital infusion to support its manufacturing and retail expansion.
