BevNET hosted Mike Burgmaier, managing director at Whipstitch Capital, Nick Giannuzzi, managing partner at law firm The Giannuzzi Group, and Tim Spier, founder and managing partner at Boulder Food Group, for a panel discussion on the state of beverage investment last week at BevNET Live Summer 2017.
Parent company Dr Pepper Snapple Group (DPS) did not cite a reason or provide any further details regarding Ben Weiss’s departure from the brand he founded in 2009, but included a brief statement from the former CEO in a press release.
In a wide ranging presentation on beverage trends, Weiland discusses topics such as the rapid growth of drinkable bone broths and fermented beverages, why cold brew coffee still has room to expand, and why he thinks tree waters are a way off from competing with coconut and watermelon waters.
As nitro cold brew moves out of boutique coffee houses and into the mainstream, brands are staking out footholds in this emerging market for both on-premise service and packaged products, and keeping the door open for as-yet-unexplored possibilities for infusing nitrogen into other beverages.
As the industry continues to mature, the manner in which individual brands choose to approach the issue of alcohol and sugar content in kombucha will likely play a significant role in determining the health of the category going forward.
While soy milk, coconut milk, almond milk and other non-dairy alternatives have already established a presence on retail shelves, the category still has plenty of room to grow. And in retail coffee shops both big and small, brands have found a valuable opportunity to get more of their product into consumers hands, or cups.
After Massachusetts-based Spindrift Beverage Co., Humm is now the second beverage brand to receive investment from VMG Partners, a private equity firm with a portfolio that includes Kind Healthy Snacks and Health Warrior.
In a 7-1 vote yesterday, the Seattle City Council approved a 1.75 cents per ounce tax on distributors of sugar-sweetened beverages (SSB) that is expected to take effect in early July.
A list compiled by market research firm CB Insights of the 15 most well-funded venture capital-backed food and beverage startups reveals the increasing value placed on brands that are offering healthier choices and disrupting established categories like meat and dairy and innovating with plant-based offerings.
Nestlé joins fellow beverage companies Coca-Cola, PepsiCo, Dr Pepper Snapple Group and Keurig Green Mountain in investing in the Closed Loop Fund, a $100 million social impact investment fund that provides municipalities with access to capital for projects aimed at improving recycling programs.
The Austin-based company today announced the close of a $17 million funding round led by Boulder Investment Group Reprise (BIGR), a growth equity fund the partners with early-stage natural and organic products.
The Academy's new policy statement recommends that 100 percent fruit juice should not be provided to children younger than 1 year of age, with the exception of cases in which there is a strong clinical basis for use in the management of constipation
The Coca-Cola Company today announced that Liberty Coca-Cola Beverages LLC, a new joint venture between veteran Coca-Cola Refreshments executives Paul Mulligan and Fran McGorry, has signed a letter of intent for bottling and distribution operations in metro New York and Philadelphia, as well as most of New Jersey and a small portion of Connecticut.
The next challenge for nascent beverage startups Up Dog Kombucha and is to build on their on-campus wins and retain their respective student consumer bases as they move on to post-graduation life.