As Editor-in-Chief of BevNET, Jeff Klineman oversees the organization's reporting across all of its web sites, as well as BevNET Magazine. Jeff also plans, curates, and hosts the BevNET Live and NOSH Live conferences. Jeff previously worked as a newspaper reporter for the Lawrence Eagle-Tribune, the Boston TAB and the Metrowest Daily News, and has freelanced for publications like Slate, Boston Magazine, Self, George, Commonwealth, and the Chronicle of Philanthropy. He is a graduate of Yale University and Columbia University’s Graduate School of Journalism. A frequently-cited expert on the beverage industry, Jeff has also twice been named in Forbes as one of the 25 Most Influential when it comes to Consumer and Retail Companies.
Web Site The Daily Meal has chosen Starbucks CEO Howard Schultz as the "Most Powerful Person in Drink," presumably because without Starbucks such a list wouldn't have gotten written at The Daily Meal. We, of course, are disappointed that they forgot US... but if that doesn't extinguish your burning desire to look at it, here's the list.
Labeling changes are on tap for leading coconut water brand Vita Coco, which is conducting a line refresh that will migrate across the country throughout the summer.
PepsiCo tipped its hand on its innovation plans today, advertising for a position on a still-forming team designed to work with emerging beverages out of its Naked Juice offices near Los Angeles. The Beverage Growth Ventures team will be led by Chris Lansing, the General Manager of its Naked Juice and Izze division, BevNET has learned. Naked/Izze operates as a separate, West Coast entity, although it is owned by PepsiCo.
Today Wells Fargo analyst Bonnie Herzog released research derived from a poll of beverage retailers.The survey represents “tens of thousands of convenience store locations across the country” and offers some interesting insights into the overall performance of many individual beverage categories.
Had to squeeze one last headline out of that one. Neuro, which has finally been spotted in the Boston area, has softened the brand messaging on one of its more memorable SKUs.
Ending months of waiting, the Coca-Cola Co. has finally purchased a majority stake in Zico Coconut water, consummating a deal that has lingered in the final stages since the early Fall. Independent shareholders of the brand began to receive checks for their stakes in the company earlier this week. Coke’s initial stake in the company, acquired in 2009, was part of a combined $15 million stake that also included a group of entrepreneurs, distributors, celebrities, and others.
Having helped grow brands like Vitaminwater, Honest Tea and Zico – and before that products like Nantucket Nectars, among others -- Big Geyser has deservedly earned a reputation as one of the best distribution partners for emerging brands in New York City. The company has also leveraged its skill at growing new products into a brand development laboratory, or sorts, for Coca-Cola’s emerging brands group, giving test runs in the city to products like Illy Issimo.
Xyience's management team issued a statement today distancing the company from founder and former owner Russell Pike. Pike, who was found guilty on income tax evasion charges earlier this week, left the company in late 2006. The company is now owned by the Fertitta Brothers, who also own the mixed martial arts association UFC.
In recent years Senator Richard Durbin (D-Ill.) has pushed for increased oversight of the food, beverage and supplement industry on many fronts; yesterday he sent a letter to FDA Commissioner Margaret Hamburg to investigate caffeine content in energy drinks. Durbin said the letter came after he learned the story of 14 year-old Anais Fournier, who died last December of a cardiac arrhythmia due to caffeine toxicity after drinking two 24 oz. Monster energy drinks over a 24-hour period.
Sometimes the opportunity to write about this business is pure joy. This is one of those times.Once struggling to meet its financial obligations, early energy drink company Bawls Guarana announced today that it had acquired a pair of energy brands, CRUNK!!! and an outsdoorsman-focused energy shot called "Strut & Rut."
BevNET has confirmed sightings of Jarritos moving through the DPSG system in Southern California, part of a strategy that the company will make public in the near future. The brightly-hued, sugar-sweetened 11-flavor Mexican CSD line has suffered from wide-ranging but fractured distribution via a DSD and broker network that includes licensing partner Novamex.
Russell Pike started the brand, but if he drinks a Xyience Xenergy now it’ll probably have come from his canteen account after he was convicted on federal tax evasion charges…
Cherries have always had a strong association with Valentine’s Day, but last Feb. 14 was especially sweet for the team at CherryPharm, the company behind the line of tart cherry juices that are now known as Cheribundi. That’s because the company consummated a deal of a different kind on the holiday, closing a $4.5 million equity round led by Greenwich-based Emil Capital Partners, along with its previous lead investor, Cayuga Venture Fund, and other shareholders.
Watching a small but well-distributed rival create share in a market white space without responding isn't on the menu at Coca-Cola, apparently. The CSD giant has filed a trademark for Dasani Drops, defined under Goods and Services as "Concentrates and syrups used in the preparation of soft drinks; syrups for beverages."
