Brad Avery

Brad Avery

Senior Reporter

Brad is a Reporter for BevNET.com.

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Posts by Brad Avery

VOSS Aims to Broaden Platform With Functional Line

Long known for offering consumers a luxury experience, artesian Norwegian water brand VOSS is now looking to play a bigger role in shoppers’ daily routines with the extension of its VOSS+ line of functional beverages. The launch accompanies a national marketing campaign that seeks to position the brand as an everyday product.

HyVIDA Rebrands, Launches Hy Infused B2B Division

Hydrogen-infused sparkling water brand HyVIDA is emphasizing fun and flavor, alongside health, in a new rebrand that launched this month. Based in Michigan, HyVIDA is available in Lemon Lime, Raspberry and unflavored Pure varieties. Each 12 oz. can contains zero calories and retails for $1.49-$1.99.

Oatly CEO: Going Public “Was the Right Thing to Do”

Ringing in the company’s first day trading on the Nasdaq Stock Market, Oatly CEO Toni Petersson said the decision to go public was “the right thing to do.” Initially priced at $17 per share, at the top of its predicted range, Oatly’s stock opened at roughly $21 per share, up about 24%, as it began trading shortly before noon today.

Q Mixers Names Joel McHale as ‘Chief Happy Hour Officer’

Q Mixers is looking to raise its national profile with the appointment of comedian and TV host Joel McHale as Chief Happy Hour Officer. The celebrity partnership arrives as the company is seeking to expand its on-premise business as pandemic restrictions are lifted across the country.

Report: Oatly to Go Public at $17 Per Share, $10B Valuation

Oatly is going public at $17 per share, according to a report in the Wall Street Journal, which cited sources familiar with the matter. The company offered 84.4 million shares and the IPO raised $1.43 billion, giving the company a valuation of roughly $10 billion.

MusclePharm Brings on Joey Cannata to Lead Energy Drink Launch

As it prepares to enter the energy drink category with two new performance brands, sports nutrition company MusclePharm Corporation has brought on former Rockstar Energy EVP of sales and distribution Joey Cannata as a partner to build out its national distribution network.

Good Karma Charts New Chapter with Brand Refresh, Plantmilk Launch

Nearly a year after being formally separated from Dean Foods, plant-based food and beverage company Good Karma is beginning a new chapter. The Colorado-based company announced today a brand refresh accompanied by the launch of a new line of refrigerated plant-based milks and a direct-to-consumer ecommerce platform.

Coke Energy to Be Discontinued in North America

Less than 18 months after it debuted in the U.S. market, The Coca-Cola Company announced today it will discontinue its Coca-Cola Energy line in North America. Launched in January 2020, Coca-Cola Energy was available in original cola and cherry flavors with full calorie and zero sugar variants. Each 12 oz. slim can contains 114 mg of caffeine, guarana and B vitamins.

CELSIUS Reports ‘Record’ First Quarter Despite Headwinds

Fitness-focused functional beverage brand CELSIUS announced first quarter revenue growth of 78% to $50 million in an earnings report today, reflecting a “record” sales period despite several headwinds caused by pandemic-related shockwaves.

Droplet Claims “Corporate Plagiarism” Against PepsiCo’s Soulboost

Adaptogenic beverage startup Droplet accused PepsiCo of “corporate plagiarism” in an Instagram post this weekend, claiming the conglomerate’s new Soulboost brand “blatantly” lifts its concept and brand identity. PepsiCo has denied all allegations.

Distribution Roundup: Unity Wellness Expands DSD Reach; Reed’s Debuts Resealable Format

In this week's Distribution Roundup, CBD beverage maker Unity Wellness doubles its nationwide distribution, partnering with several new DSD distributors including Legacy Distribution Group in Colorado and Lipman Brothers in Tennessee. Plus: updates from Reed's, Costa Brava Cocktails, Waterloo, BIOLYTE, Pivot Cold Brew and more.

BellRing Brands To Narrow Focus on Beverage

BellRing Brands, the holding company for Post Consumer Brands’s nutrition entities, including Premier Protein and Dymatize, reported a net sales increase of 9.6% to $282.1 million for the second fiscal quarter ending March 31, according to the company’s earnings report last week.