Apple cider vinegar maker Bragg Live Food Products announced today it has been acquired by an investor group led by private equity firm Swander Pace Capital, positioning the 107-year-old wellness brand for expansion and innovation.
California-based juice bar chains Project Juice and Beaming Wellness announced last week they have merged to create Superfood Holdings LLC. The new entity will maintain both brand names, which combined operate 16 “organic clean-food kitchens” throughout California.
Keurig Dr Pepper (KDP) announced last week it is voluntarily withdrawing bottles of its Peñafiel mineral water line, three weeks after a class action lawsuit accused the beverage conglomerate of willfully ignoring tests showing the drinks contain dangerous levels of arsenic.
Mother co-founders Allison and Stephen Ellsworth said Rohan Oza, who took a 25% stake in the company in exchange for his individual investment, arranged meetings between Mother and CAVU shortly after filming Shark Tank. In February the brand secured additional financial backing from the firm, but did not announce the deal until this week.
California Kills Cancer Warning Label for Coffee; Food Waste Brands a ‘Booming Business’; Cuvée Coffee Creates Fake Influencer; Walmart Prepares to Launch Home Grocery Delivery Service; JAB Wrestles with its Nazi Past
Speaking at BevNET Live Summer 2019, Mike Messersmith, U.S. general manager for Oatly, explained how he navigated the company out of this crisis and got production up to scale within a year. In this video, Messersmith offers his experience with Oatly as an example of how a commitment to transparency and communication helped the brand land on its feet without losing out to the competition.
REBBL CEO Sheryl O’Loughlin announced her resignation this week after a four year tenure with the plant-based beverage brand. Former thinkThin CEO Michele Kessler will assume the chief executive position effective today.
The founders of cannabis-infused “social tonic” Cann are riding high today after being named the winners of New Beverage Showdown 17 at BevNET Live Summer 2019, held June 12-13 in New York City.
Olipop Expands on West Coast; KeHE Announces National Partnership with INFRA; JUST Water Partners with Clearwater Marine Aquarium; Elev8 Hemp Partners with Outwest505
Twelve new beverage startups faced off today, pitching their products to a panel of expert judges during the semifinal round of New Beverage Showdown 17 at BevNET Live Summer 2019, but only six were selected to move on to the final round.
Bang’s slow-then-sudden rise fits within the context of a years-long food and beverage trend toward fitness and better-for-you products. The brand’s success is remarkable, but it’s one of many emerging fitness energy drinks that include Celsius, C4, Kill Cliff, LifeAID, EBOOST, Reign, and Adrenaline Shoc.
Trimino Brands, maker of a line of protein-infused waters, announced this week it has completed a six month corporate restructuring aimed at preparing the brand for retail expansion, reducing operating costs and improving in-store merchandising.
The agreement with mood33 aims to give Caliva, which also works with other cannabis brands in categories including vaporizers, a retail foundation to build on within the emerging cannabis-infused beverage market.
Relentless Trade Solutions, a new “spinoff” merchandising company from L.A. Libations services all CPG categories, launched in Southern California in March and has since expanded throughout the state and plans to expand to the Pacific Northwest, Arizona, and Las Vegas by the end of the year, according to L.A. Libations CEO Danny Stepper.
