Hint Fizz Charms Better Homes Readers
New awards keep piling up for HINT and its founder, Kara Goldin — some of which we didn’t even know exist. Goldin was chosen in September as one of Fortune…
New awards keep piling up for HINT and its founder, Kara Goldin — some of which we didn’t even know exist. Goldin was chosen in September as one of Fortune…
That recent list of billion-dollar brands isn’t complete without Rockstar, according to information supplied by the brand today, Joey Cannata, the EVP of sales and distribution for the company, told BevNET today that he believed the brand had likely passed the $1 billion retail number over a 12-month period trailing the middle of 2011.
Talk about a whirlwind courtship. It took just four months from organic espresso /coconut water blend Coco Café to go from independent, entrepreneurial beverage company to a strategic piece in the coconut water chess game. The company, which had its first production run in September, had bids from two different potential investors by the end of December and moved into Vita Coco's offices by the end of January.
After getting rave reviews at the December BevNET Live event -- taking home the award during the New Product Showdown -- Coco Café had to imagine that it would be getting a lot of attention and some new accounts. But apparently things have really accelerated for the Los Angeles-based espresso/coconut water blend, as Vita Coco, the country's best selling coconut water brand has swooped in to make an investment in Coco Café.
After 18 months at the Coca-Cola Co., Inc., he vowed he’d never come back to the beverage game. The big sale -- $4.1 billion for Vitaminwater maker Glaceau -- was over, the transition team was largely in place, and he had other goals in mind. "I don't think any human being could put in the energy and intensity that I put into those years," Repole said of the early 2000s. "I don't think it could ever be duplicated."
How long do entrepreneurs wait to raise money, how does an investor ultimately decide if a valuation is reasonable, and what helps to eliminate stresses on a potential partnership. Those were just a few of the topics that the presenters from Building Sweet Leaf Up and Out tackled as they took questions from the moderator and crowd during December's BevNET Live in Santa Monica.
It might have seen Pepsi-Cola get leapfrogged by Diet Coke for the number two carbonated beverage slot, but PepsiCo did anoint three core holdings as brands that have sold more than $1 billion in the past year, announcing that Diet Mountain Dew, Brisk and Starbucks RTD Beverages had crossed that threshold.
There’s breaking news today concerning the fates of three beverage companies whose financial travails have been touched on frequently on BevNET and in the media at large. RelaxZen, Adina, and New Leaf are all fairly new, entrepreneurial beverage companies run by executives of varying degrees of industry experience.
They’ve crunched the Consumer Price Index numbers over at investment bank Morgan Stanley, and the takeaway is this: beverages got more expensive last year, and as the year went on,…
With the addition of former Vitaminwater president Mike Repole to the board of year-old multifunction beverage Body Armor, the second of three key executives on the team that grew and sold Glaceau to the Coca-Cola Co., Inc. is now back in the beverage business. Repole, has spent the past four years -- and his share of the $4.1 billion Coke paid for Glaceau -- breeding horses and growing both the Pirate's Booty snack brand and Energy Kitchen restaurants.
As a product class, coconut water is heading to the mainstream. But at least one company has decided that, in some cases, the liquid is exotic enough without the extra…
Just when you thought it couldn't get any more crowded with beverage company relations, particularly given the dueling investments from Glaceau millionaires Rohan Oza (Popchips) and Mike Repole and Darius Bikoff (Pirate's Booty) the snack aisle is once again facing incursions from its liquid relations. Which is a complicated way of saying that iced tea and juice titan AriZona is heading into the snack food business with AriZona Chips 'n Dip, a square package with separate compartments for tortilla chips and either cheese dip or salsa.
A trademark infringement lawsuit filed in June by Dr Pepper Snapple Group against Dublin Dr Pepper, the soda's oldest distributor, has been settled, with the larger company regaining control of the brand in Dublin Dr Pepper's six-county area. Dublin Dr Pepper -- founded in 1891 -- had a cult following for its use of unique glass bottles featuring the Dublin name and a recipe that used cane sugar instead of high-fructose corn syrup (HFCS) in its version of Dr Pepper.
He's been a standard-bearer for the organic success story for years, as well as a mentor to Honest Tea co-founder Seth Goldman, but Stonyfield founder Gary Hirshberg announced today that he's handing day-to-day operations over to former Ben & Jerry's CEO Walt Freese. Hirshberg's sale of Stonyfield to Danone in 2003 -- and subsequent operation of the company as a unit with autonomy within that larger company -- is largely seen as a model for Goldman's sale of Honest Tea to the Coca-Cola Co. last year.