Honest Tea To Be Discontinued As Coke Recalibrates Tea Strategy
Long-admired entrepreneurial beverage brand Honest Tea is being phased out by its corporate parent, the Coca-Cola Company, according to a statement from the compnay released on Monday.
Long-admired entrepreneurial beverage brand Honest Tea is being phased out by its corporate parent, the Coca-Cola Company, according to a statement from the compnay released on Monday.
Allegations of sexual harassment at recently-concluded Natural Products Expo West are rocking social media and causing the show’s administrators to take stock of the behavior of guests on the floor and at ancillary events.
Oatly took a broadsheet broadside yesterday, with the Wall Street Journal reporting on the ways that problems around the company’s attempts to scale over the past two years are affecting the faith of the markets. The story came as the stock price for the oat milk pioneer continued their steep descent Monday, bottoming at less than $5 per share, or less than ⅕ of a mid-June high of $29.
Nestlé Health Sciences has purchased a controlling stake in Orgain, a plant-based organic protein powder, beverage and nutrition brand started by physician and cancer survivor Dr. Andrew Abraham.
The energy drink company continues to have ambitions to produce spiked seltzer brands of its own, said co-founder Hilton Schlosberg on an analyst call that addressed its quarterly earnings and today’s announced purchase of the CANarchy collective of craft beer brands.
Dan White and co. over at Coke’s New Revenue Streams operation hinted during a BevNET Live interview a month ago that there was more to come for Coke in the alcohol space, and now we’ve got yesterday’s announcement that the company is launching some alcohol-enhanced products under the Fresca Mixed brand in a tie-up with beer, wine, and spirits giant Constellation.
Spirits and Mexican import beer giant Constellation Brands today put its official stamp of interest on the trend by investing in HOP WTR, an emerging brand of infused zero-calorie sparkling water.
Following today’s final Boot Camp panel, it’ll be two weeks until our two day strategy extravaganza, BevNET & NOSH Virtually Live. We’ll be hosting the event online from 3-5 p.m. EST on Tuesday and Wednesday, with content followed by open networking and discussion. This one is for BevNET/NOSH Insiders only, though, so if you aren’t one yet, you should be.
Greg Steltenpohl, the innovative juice executive who twice brought progressive, environmentally and socially conscious brands to national prominence, was deep into a triumphant second act as a businessman -- and force for good -- when he passed away this week.
The increased demand for products through online sellers like Amazon means that brands need to shift tactics -- something that’s hard to do during a crisis; Betsy McGinn sat for a video interview with Jeff Klineman, BevNET’s editor-in-chief, to provide important advice on how brands should approach their Amazon and broader e-comm strategies as consumer behavior takes a disruptive turn to online food and beverage purchasing.
In a video call with BevNET editor-in-chief Jeff Klineman, Adnan Durrani, the CEO of American Halal, the maker of the Saffron Road line of meals and snacks, gave strategic insight into the challenges of operating a large food and beverage company during these chaotic times.
Former Anheuser-Busch Beyond Beer vice president Randy Ornstein is moving to the retailer side of the desk, taking a job with convenience store delivery company goPuff. Ornstein will be goPuff’s director of alcohol, he confirmed to Brewbound.
Clayton Christopher, the founder of Sweet Leaf Tea and Deep Eddy Vodka, told BevNET that he’d left an active role within the CAVU organization earlier this year, although he is continuing to work as a board member and advisor to the brands in his portfolio from CAVU’s first two investment pools.
Coke-backed beverage maker Suja shared samples of a 2 oz. juice shot that contains hemp extract at the Natural Products Expo West trade show held this week in Anaheim, Calif. The SKU, called Relax, is being deliberated as the potential next addition to the brand's line of high pressure processed (HPP) cold-pressed juice shots introduced in July 2018.