Fever-Tree Quietly Acquires Powell & Mahoney Cocktail Mixers
Fever-Tree expands its reach in the U.S. by widening its portfolio of non-carbonated beverages with the acquisition of craft mixer maker Powell and Mahoney.
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
Perfect Day Helps Nestlé Build Animal-Free Dairy Beverage
Nestlé's U.S. R&D Accelerator has partnered with animal-free dairy company Perfect Day to launch an alternative dairy "novel product" that will pilot in the U.S. market later this year.
Solving The Problem Of Investment For Food And Beverage Brands
Ryan Williams, the former VP of Finance and Ops at RISE Brewing Co., has created a tool called the Food and Beverage Investor Database (FABID) which aims to help new entrepreneurs in the food and beverage industry navigate the complicated world of fundraising.
Dan Bilzerian’s Cannabis Company Under SEC Scrutiny
Cannabis and vape company Ignite International Brands is being investigated by the U.S. Securities and Exchange Commission for making false or misleading statements in reporting its 2020 financial results.
NielsenIQ: Volumes Drag Down Non-Alc Beverage Sales
Growth of non-alcoholic beverage sales remains positive amid declining volumes and moderate pricing increases leading to decelerated overall sales in the two-week period ending August 27.
Upcycling May Solve Food Waste Tomorrow, But Is It Worth the Cost Today?
Upcycled CPG companies are innovating supply chains and scaling production in order to bring costs down so the niche sustainability trend can become more widely adopted and reach a larger market.
Equitea Aims To Open Wellness Space To Communities Of Color
What started as a way to treat mental health for a father and son has evolved into a wellness-focused tea brand with the support of Gwyneth Paltrow that offers both RTD cans and loose leaf blends targeting marginalized communities.
NielsenIQ: Higher Pricing Offsets Volume Declines In Non-Alc Beverage Sales
Accelerated pricing fueled non-alcoholic beverage sales as volume declined in the two-week period ending August 13, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
SunOpta CEO: Balancing Sustainability With Growth Is Key To Future Success
Global ingredient supplier SunOpta is banking on its new production facility, sustainability measures and culture of innovation to bring new levels of success as consumers demand more plant-based beverages and food choices.
SunOpta: Demand For Plant-Based Products Fuels Record Growth In Q2
SunOpta reported one of its strongest quarters in company history, posting a record $145.9 million in revenue on the back of a record 31% growth in plant-based food and beverage.
As Nespresso Joins, B Corp Faces Questions About “Integrity and Relevance”
In April, Nespresso announced it was now a B Corp certified company creating a backlash among other B Corps who say the B Lab's assessment process is "in serious need of repair" and the seal is being used to "greenwash" some companies.
Monster: Q2 Earnings Garners Gross Margins Miss
Monster Beverage Company reported a steep decrease in margins for Q2 2022 as the cost of materials and logistics weighed down record sales of $1.66 billion, a 13% increase from the same period last year. Yet those results were dampened by the soaring cost of sales, which jumped around 40% to $875.3 million.
Monster To Launch Flavored Malt Beverage “The Beast Unleashed”
Monster Beverage Company confirmed its long-rumored entrance into beverage alcohol during its Q2 2022 earnings call on Thursday, announcing that Monster Beast Unleashed, a four-SKU line of flavored malt beverages (6% ABV), will launch in late Q4 2022 with the goal of being nationally distributed by the end of 2023.
Vericast: Inflation Pushes Brands to Craft Marketing Around Generational Differences
Marketing firm Vericast explained in its “2022 CPG and Grocery TrendWatch” consumer report that brands who offer competitive pricing and promotions while optimizing the convenience of online shopping with the in-store experience are more likely to succeed across age groups during the current high inflationary period.