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.
It’s now official: after much rumor and speculation over the last several weeks, PepsiCo announced today it has entered an agreement with Vital Pharmaceuticals, the producer of Bang Energy, to be that brand’s exclusive U.S. distributor. Here’s a quick look at the implications of the deal across the category and the broader beverage market.
Keurig Dr Pepper (KDP) weathered headwinds from the COVID-19 global pandemic to deliver growth across all four product segments during Q1 2020, with Packaged Beverages helping drive net sales up 4.4% ($2.61 billion), according to an earnings report released Monday.
The food and beverage industry continues to step up and lend support to those in need during the COVID-19 pandemic. In this roundup, we highlight brands’ efforts to give back, including a Giving Back Giveaway featuring ten food and beverage brands and donations being made to support marginalized communities in New York City.
Minneapolis-based startup Friendship Beverages is rolling out its first two brands — sparkling energy water Chirp and enhanced water Juni — at Target stores across the state this month.
Laird Superfood has secured a $10 million investment from Danone Manifesto Ventures, the company announced today. The Sisters, Ore.-based brand, founded in 2015, markets a variety of “superfood” products, including creamers, coconut water, nutrition powders, drink mixes and plant-based sugars.
Colorado-based New Age Beverages was one of a number of publicly traded companies to have claimed loans under the Paycheck Protection Program (PPP), according to research by the investment bank Morgan Stanley.
With production set to fall this month by as much as 50%, concern has been growing about the security of CO2 supply chains for beverage companies. However, several brands reached by BevNET indicated they had not yet encountered issues.
The Coca-Cola Company reported a 1% drop in net revenue for the first quarter of 2020, with further disruption due to the global coronavirus pandemic expected to continue depressing sales in the months ahead.
Committing to a U.S. manufacturing base marked a significant new chapter for the 78-year old family owned Group GL SA, which is based in Lisbon and operates as Good Crop Inc. in the U.S. and under the Sonatural brand in Europe and Asia.
Molson Coors Beverage Company is deepening its relationship with Quebec-based cannabis company HEXO, today announcing the launch of a new joint venture to produce non-alcoholic CBD-infused beverages in Colorado.
Ready-to-drink coffee brand FORTO has restructured its sales team and eliminated 10 regional management positions within its direct store delivery (DSD) division, BevNET learned this week.
Plant-based beverage brand Koia has completed a bridge funding round with investment platform CircleUp Growth Partners that could possibly represent “the last money into the company,” according to CEO Chris Hunter. Details of the transaction were not disclosed.
Kyle Buckley, a co-founder of Grady's Cold Brew, is launching Pack Labs, a co-packing facility in Downington, Pennsylvania, set to go online in June that will focusing on flexibility and reducing overhead.
Jones Soda Co. CEO Jennifer Cue has stepped down from her position, the company announced in a press release this morning. Jamie Colbourne has been named interim CEO.
