BFG Continues “Patient” Approach With Fund III Launch
BFG Partners has launched Fund III and has already raised about 70% to its goal of $125 million to provide capital growth to better-for-you food, beverage and personal care brands.
Lukas Southard
Senior Reporter, BevNET & NOSH
Lukas Southard is a Reporter covering the food and beverage industries across BevNET and NOSH.
Posts by Lukas Southard
Culture POP Raises $21M In New Investment
Probiotic soda brand Culture Pop raised $21 million from new investors which include Enlightened Hospitality Investments — the investment arm of restaurateur Danny Meyer — and a private investment by Howard Schultz.
Manufacturing Matchmaker: Keychain Uses AI To Bring “Transparency” To CPG Production
Keychain's AI-driven B2B digital tool aims to bring transparency and simplicity to the CPG landscape by streamlining matchmaking between brands and retailers searching for compatible manufacturing partners.
PepsiCo: U.S. Business Lags in Q4, Tempers 2024 Expectations
PepsiCo announced during its Q4 2023 earnings report relatively flat net revenue growth amid challenges in volumes and its North American Beverages and Quaker Foods businesses.
Redcon1 Goes “Prime Time” With Deion Sanders
Sport nutrition and energy drink maker Redcon1 announced today that Deion Sanders has joined the brand as a minority investor and will help build awareness and grow its beverage distribution into new retail channels.
Convenience Cocktails: Pernod-Ricard Goes Deeper In RTS/RTD
Pernod-Ricard is launching a slew of ready-to-serve (RTS) including two new Absolut Vodka varieties, Mojito and Raspberry Lemonade, and a line of Malibu Rum cocktails as it it positions towards convenience-oriented social drinking.
Distribution: Hi Seltzer Partners with Spec’s in Texas
Hi Seltzer, a Kentucky-based brand of infused seltzers made with hemp-derived delta-8 THC, has partnered with Spec’s Wine, Spirits & Finer Foods to distribute its products to on-premise accounts throughout Texas; also, Nguyen Coffee Goes To Texas; Cure Gets Outdoorsy with REI; and 100 Coconuts Gets Deeper With Publix.
Flow Posts Q4 Loss, Cites Optimism in Co-Packing Agreements
Canadian alkaline water company Flow Beverage Corp. expressed it was “on the road to profitability” due to its recent co-manufacturing gains despite announcing lower margins and decreased revenue in its fourth quarter earnings this week.
Get ‘Happy’: Meet Marvel Star Robert Downey, Jr.’s New Coffee Brand
CPG industry veteran Craig Dubitsky launched today a new coffee brand called happy products that seeks to pair a philanthropic mission and unique business structure with the clout of a recognizable face to compete in the $17 billion coffee category.
Sanzo Adds: $5M (And Counting) In New Investment Round
Asian-inspired sparkling water brand Sanzo has opened a new investment round that has already raised $5 million of the desired $8 million as the brand expands its distribution into new regions throughout the U.S.
Snapchill Coffee Shifts Strategy Towards Manufacturing, With Walmart Onboard
Cold coffee manufacturer Snapchill has found success co-packing for specialty roasters using its patented, rapid chilling technology and is now readying to launch an ecommerce platform with Walmart to bring more regional coffee brands to the ready-to-drink set.
Coca-Cola’s Red Tree Beverages Brings More Juice To Bev-Alc Category with Minute Maid Spiked
The Coca-Cola Company’s bev-alc subsidiary Red Tree Beverages is launching a line of multi-serve wine cocktails under the Minute Maid brand in spring 2024.
ROAR Organics Prioritizes RTDs, Marketing Spend With New $6M
ROAR Organics added a new $6 million investment tranche to the $10 million had raised thus far this year. The new capital is expected to go towards marketing by re-upping its promotional partnerships and building on the success of its RTD beverage and the relaunch of powders.
Brown-Forman: Lowers Sales Forecast, Inventory Struggles Slow Growth
Brown-Forman reported net sales of $1.1 billion and lowered its full-year net sales growth expectations by 2% in its second quarter earnings report, citing a “challenging operating environment” amid “evolving global macroeconomic conditions.”