PepsiCo has named Derek Lewis, a 34-year veteran with the company, as the president of its new Multicultural Business and Equity Development Organization; Also, ROAR CEO Alex Galindez, who joined the hydration drink brand in 2020 as part of a turnaround effort, announced last week that she has left the company.
Mast-Jägermeister US has named its chief operating officer Joe Fortune as CEO, effective April 1, the company announced Thursday. Fortune assumes the role from outgoing CEO Jeff Popkin, who has held the role since 2015.
Minnesota-based Bizzy Coffee announced today it has closed a $7.1 million funding round led by venture capital firm Sidekick Partners. The financing comes as the company prepares to move into a new 50,000 square foot production facility to help support national retail expansion.
The total U.S. CPG industry grew 2.7% to $962 billion in 2021 as pandemic-related shifts in consumer behavior and routes to market began to cement themselves, according to the latest CPG Growth Leaders report by market research firm IRI.
Plant-based products brand KOS announced today it has closed a $12 million Series A financing round led by food and beverage industry veterans Clayton Christopher and Brian Goldberg. The two investors are now playing active roles in guiding the brand’s strategy.
Cannabis-infused social tonic brand Cann has closed a $27 million Series A funding round, the company announced today, setting the stage for expansion into Canada and bringing a crew of new celebrity investors into the fold.
BARCODE, a functional hydration beverage brand founded by former NBA trainer Mubarak Malik, has closed a $2.2 million funding round with participation from Erewhon Market; also, BioSteel CEO John Celenza offers his insights on the brand's channel strategy.
When Boxed Water is Better, LLC launched its first line of sustainably packaged waters in 2009, it was a pioneer in its category. But there’s competition beyond store aisles: the company has waged a years-long effort to convince the USPTO to register the name “Boxed Water™” for sole use by the company.
French spirits conglomerate Pernod Ricard saw global sales surge by double digits in the first half of fiscal year 2022, with organic growth up 17%, thanks to the strength of the U.S. dollar and the Chinese yuan, according to the company’s latest earnings report released today.
Non-alcoholic beverage sales remained elevated and saw modest acceleration on a one-year basis, with sales up 10.3% in the two-week period ending January 29, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
It’s been a longstanding trope of science fiction media that future technology will allow people to produce any food or drink they want on demand. Although it might be a while before we dine Star Trek style, California-based startup Cana Technology believes an era when we can “print” any beverage we want, anytime, at home, is just about here.
Plant-based protein drink maker Koia announced today it has partnered with keto diet influencer Thomas DeLauer, appointing the author and YouTube personality to the role of Chief Keto Officer, as well as launching a limited time collaboration flavor: Keto Raspberry Lava Cake.
“Share of Buzz” may be one of the biggest challenges facing brands looking to enter the cannabis beverage space, according to a panel discussion hosted by Duane Morris LLP and the American Trade Association for Cannabis and Hemp’s (ATACH) Cannabis Beverage Council on Wednesday.
Premium alkaline water brand ZenWTR has received a Plastic Negative Brand Certification from environmental nonprofit Plastic Credit Exchange (PCX), the company announced today, making it the first beverage producer to achieve the classification.
