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.
The company, which includes Reed’s Ginger Brew, Virgil’s Soda in its brand portfolio, has been mired in controversy over the composition of its Board since August, when a group of activist investors, calling themselves The Committee to Rescue Reed's, formed to pressure CEO Chris Reed into accepting changes to the board's personnel.
Dr Pepper Snapple Group (DPSG) reported Q3 revenues of $1.68 billion in its quarterly financial results summary released Thursday morning, topping analysts’ projections with a 3.1 percent increase from the same period last year.
The company continued to gain value share in total North America RTD beverages for the 26th consecutive quarter, with sparkling beverages volume growth driven by Sprite, Fanta and energy drinks, while Diet Coke declined.
This week the conflict took a more personal turn, with the dissident stockholders’ committee leader, Edwin Lozano, and Reed each questioning the other’s professional backgrounds, and a former board member who had tried to mediate the dispute joining Lozano’s faction.
Speaking with BevNET, Matt DeWitte, vice president of marketing, said the company’s sustainability message and strong social media presence was helping drive growth amid a crowded water set in convenience stores.
Speaking with BevNET at the NACS 2016 show in Atlanta, Alana Radmin, vice president of communications for Bai, said the partnership came together after Timberlake met founder Ben Weiss through another investor in the company.
Charlotte-based organic kombucha and beer brewer Lenny Boy moved into a new 29,000 square foot production facility in September, while Buchi is preparing to relocate to a similarly sized space near Asheville by the end of 2016.
Speaking with BevNET after the earnings call, Reed said that four independent board members with expertise in marketing, supply chain, governance and finance, respectively, would be announced in about a week and a half.
In its newest guidance document, the agency released an interim definition, as well as a temporary enforcement policy, that stated it does not intend to enforce the regulatory requirements for certain products that use “healthy” (or related terms such as “healthful,” “healthier,” or “healthfulness”) on their labeling.
KonaRed Adds Soylent COO to Board of Directors In the midst of “a major period of revenue growth,” KonaRed, a producer of coffeefruit drinks and cold brew coffee, announced the…
Pure Brazilian has focused on building awareness for its single SKU of cold pressed, high-pressure processed (HPP) coconut water from Brazil primarily through product demos and positive word-of-mouth marketing.
The study, authored by Michael Siegel, a professor at Boston University school of public health, and Daniel Aaron, a student at Boston University’s medical school, tracked soda industry donations and lobbying spending from 2011 through 2015.
The Glaucus report sparked an 8.2 percent drop in NBC’s stock on September 28, according to an article in The Wall Street Journal.
As part of a soft national roll out, the store added four of Humm’s 14-oz. bottled SKUs to 1,571 locations in September.
