Instacart Files IPO on Nasdaq
Instacart filed for its initial public offering (IPO) on Friday, as the grocery delivery leader aims to create a "truly omni-channel experience" across physical and online stores.
Martín Caballero
Managing Editor, BevNET
Martín writes news articles and feature stories covering the non-alcoholic beverage industry for BevNET. A graduate of Boston University, Martín's previous work has appeared in USA Today, The Boston Globe and The Boston Herald.
Posts by Martín Caballero
Analysis: Where Are The Opportunities in a Slow Cannabis Beverage Market?
We spoke with Brendan Mitchel-Chesebro, industry analyst at market research group BDSA, to unpack some of their latest insights, which showed beverages as the fourth-largest edible subcategory (6%) in Q1 2023.
“We’re Constantly Evolving”: 4 Questions With Sean Lavin, Liquid I.V.’s VP of Impact
If anyone can claim to know what Liquid I.V. is all about, it's Sean Lavin. As the company's first outside hire back in 2016, Lavin has done it all, from helping develop flavors to early marketing work as the brand went from burgeoning startup to its sale to Unilever in 2020.
Catching Up: Smootch Refines ‘Oat Water’ Positioning
In a world obsessed with oat milk, is there room for an oat water? There is, if you ask New Jersey-based startup Smootch. After debuting its four-SKU flagship line of electrolyte-packed, non-carbonated oat waters in 12 oz. cans at Natural Products Expo West last year, the brand has established a presence in Pennsylvania, New York, Connecticut and Rhode Island.
Molson Coors Set to Acquire Blue Run As Spirits Biz Expands
Molson Coors has agreed to purchase Kentucky-based distillery Blue Run Spirits, marking the beer giant’s first spirits acquisition and the formal launch of its Coors Spirits Co. business. The amount was not disclosed.
Coffee Connection: Equator Teams With Swiss Dairy Giant on Premium RTD Cold Brews
Equator Coffee is teaming with Swiss dairy giant Emmi AG on a joint venture that kicks off with the launch of four-SKU line of premium refrigerated cold brews this summer.
Oatly: Forecasts Slashed After Asia Slowdown
Oatly is pushing to simplify and streamline its operations after a disappointing quarterly earnings report saw the Swedish oat product maker slash its 2023 revenue forecast range from 23% to 28% to a dire 7% to 12%.
Monster Move: Coke Confirms Bang To Join Distro Network
According to a letter to distributors viewed by BevNET and Brewbound, Tony Short, CEO of Monster-owned beer maker CANarchy Craft Brewery Collective, confirmed previous reports that The Coca-Cola Company has begun the process of onboarding Bang within its national red-truck distribution system, marking the brand’s second go-round with one of the country’s largest beverage suppliers.
Bang Initiates Mass Layoffs in Florida
Bang Energy’s parent company Vital Pharmaceuticals (VPX) has initiated mass layoffs, including all employees at its Weston, Florida facility, in preparation for its anticipated acquisition by Monster Beverage Corp., according to an internal memo viewed by BevNET.
Source: FTC Ends Review, Clearing Path for Monster’s Bang Acquisition
The Federal Trade Commission (FTC) on Friday terminated its review period for Monster’s proposed acquisition of Vital Pharmaceuticals, the parent company of Bang Energy, clearing the way for the transaction to be completed later this month, according to an internal communication viewed by BevNET.
Partners Coffee Revamps Single Origin Packaging, Debuts Summer Blend
Brooklyn-based roaster Partners Coffee has unveiled its first-ever summer seasonal blend along with new packaging design for its single origin coffees aimed at bringing consumers closer to its sourcing and sustainability practices.
ShineWater Shifts to Cans; “This Is Where the Industry is Going”
For a company that has trademarked the tagline “Sunshine in a Bottle,” changing packaging is not an insignificant step. But Vitamin D-enhanced ShineWater is ready to make that jump, announcing this week that its existing 16.9 oz. PET bottles will be phased out over the next year in favor of 16 oz. aluminum cans.
Monster Reaches Agreement To Acquire Bang
Monster Beverage Corp. has been revealed as the winning bidder for Vital Pharmaceuticals, maker of Bang Energy, per court documents filed Wednesday in the U.S. District Bankruptcy Court in Florida. However, a pending U.S. Federal Trade Commission (FTC) investigation could derail the deal.
Seoul Juice Teams With U.S. Soccer Star; Launching Costco NW
Asian pear juice startup Seoul Juice has scored a new equity partner — U.S. men’s soccer player and MLS star Jordan Morris — ahead of its forthcoming launch at Costco stores in the Pacific Northwest next month.