KDP Agrees $18B Deal to Acquire JDE Peet’s, Creating Coffee ‘Pure Play’
KDP is acquiring JDE Peet’s in an $18 billion deal and will divide its coffee segment from its refreshment beverages into two companies.
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
Amazon Capitalizes On Delivery Surge With Same-Day F&B Expansion
Amazon is now offering Same-Day Delivery for perishable groceries in over 1,000 cities, with plans to expand to 2,300 by the end of the year.
Reed’s Trying To ‘Earn Back’ Retailers After ‘Challenging’ Q2
Craft soda maker Reed’s reported another down quarterly earnings report as sales, margin and profit fell sharply amid lower inventory write-offs and volume declines.
Uncle Arnie’s Raises $7.5M, Targets ‘Category Leadership’ in THC Drinks
Cannabis beverage brand Uncle Arnie’s is planning to nearly double its team from 40 to 75 employees after closing a $7.5 million investment round co-led by Mindset Capital and Delta Emerald Ventures.
Tariffs, Inflation And Shifting Consumer Habits Signal Retail Uncertainty Ahead
New economic data on inflation, purchasing behavior and the impact of tariffs indicates a mixed outlook for CPG brands moving forward.
‘Too Good To Pass Up’: Not Beer Launches THC Drinks
Not Beer is not just a sparkling water brand anymore with the launch of a 3-SKU line of THC drinks, focused on value-generation in flavor formulation and pricing.
Westrock Coffee Hits ‘Record-Breaking’ Q2 Sales, Elevated Net Losses
In its Q2 earnings, Westrock Coffee reported its highest sales quarter despite losses from production buildouts and tariff-related green coffee inventory costs.
Laird: Growth Trajectory Continues, Wholesale Biz Expands
Laird Superfood has made progress toward its goal of achieving “sustainable profitability,” continuing a growth trend in its Q2 earnings as it prioritizes its wholesale segment.
Premium Mixer Badger Bevs Breaks Out Of Bottles, Adds Distribution
Connecticut-based, premium mixer brand Badger Bevs has intentionally built in on-premise locations and is now seeing gains in retail as it prepares to launch into canned varieties.
Inside Pure Fuel’s Partnerships-Over-Retail Strategy
Philadelphia-based hydration brand Pure Fuel is making moves to expand its retail distribution after spending its first two years building partnerships.
For Bitter For Worse Relocates to Rochester, New Facility
ANA cocktail brand For Bitter For Worse has moved operations from Oregon to Rochester, N.Y. where it will expand its production to include co-manufacturing for other emerging beverage companies.
MUD\WTR Pumps Up With Protein, Positions For Retail Expansion
Alt coffee maker MUD\WTR has launched into the powdered protein shake set as the brand plans its expansion further in retail.
Alcohol-Removal Startup ALTR Lands $5M Investment
Tech startup ALTR has closed a $5 million investment to help scale its wine dealcoholization technology and open a pilot facility in the heart of California's Napa wine region.
Simply Good Foods: Protein Portfolio ‘On The Forefront Of Generational Shift’
In its Q3 earnings, The Simply Good Foods Company reported the strength of its protein-forward portfolio, driven by the Quest and OWYN brands, despite the continued revitalization of Atkins.