Although growth of non-alcoholic beverage sales remained “robust” during the two-week period ending October 8, volume declines and softer pricing growth led to decelerated overall sales, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Following a successful first year, Oatly is brewing up a second edition of its Big Idea Grant initiative to help small coffee businesses pursue their strategies, projects and innovative ideas.
Quebec-based energy drink brand GURU Organic Energy Corp. reported quarterly net revenue of CAD$7.7 million, down 3.75% from CAD$8 million in 2021, in its fiscal year Q3 earnings report yesterday.
As competition within the category bubbles up, Spindrift is releasing its first-ever seasonal flavor in its ongoing mission to be the leading premium sparkling water brand on the market.
Campari Group has closed an agreement with Catalyst Spirits to acquire an initial 15% interest in Howler Head Bourbon, with a medium-term route to total ownership and exclusive global distribution rights.
California-based beverage protein company Lyons Magnus is the target of a putative class action lawsuit filed last week, alleging the company misled consumers by not disclosing that its drinks were contaminated with potentially deadly bacteria.
Chamberlain Coffee, the Los Angeles-based specialty coffee brand founded by YouTube sensation Emma Chamberlain, announced it has closed a $7 million funding round to fuel omnichannel business growth.
Food and beverage products manufacturer Lyons Magnus last week announced a voluntary recall alert of 53 nutritional and beverage products, including Stumptown Cold Brew and Oatly Oat Milk products, citing potential microbial contamination.
In an effort to reduce its carbon footprint and combat reliance on single-use plastic packaging, The Coca-Cola Company announced this week that most DASANI products will transition to 100% rPET bottles, while Sprite will swap out its signature green PET bottles for clear ones.
Amid the ongoing war on sugar, Kraft Heinz announced today it will reformulate its Capri Sun juice pouches by using monk fruit concentrate to cut the kids brand’s sugar content by an average of 40%.
Under its Woodbridge Winery Holding, Constellation Brands is dipping yet another toe into the RTD cocktail set, this time with wine sodas. The “first-of-its-kind wine experience,” as Woodbridge’s communications team calls it, will launch nationwide this month on Drizly, InstaCart and at retailers where Woodbridge products are sold. The drink, made with soda and Woodbridge white wine, contains 7% ABV in each 8.5 oz. can and will be available in three flavors: Lemon Lime, Orange and Grapefruit.
Numerous CPG food & beverage brands have taken to social media this week to announce their selection to participate in 7-Eleven’s 2022 ‘Brands with Heart’ program. For the fourth year, the 7-Eleven, Inc. Brands with Heart campaign enables brands to enter the c-store retail channel by introducing their products to 7-Eleven, Speedway, and Stripes consumers nationwide. According to a press release, the convenience store giant strives to “diversify its product offerings beyond the traditional c-store assortment and put innovative products on the shelves that meet the needs of its on-the-go customers.”
Enhanced water producer Lemon Perfect announced today it has named former Coca-Cola Company executive Jim Brennan as its President and Chief Revenue Officer; Colorado-based kombucha and tonic brand Rowdy Mermaid has made several new additions to its executive and sales teams, including the appointment of Matt Opperman as COO and CFO; Kevin Rutherford Reaches Finish Line at Nuun
After outperforming analyst expectations in its Q2 2022 earnings report, PepsiCo Beverages North America (PBNA) today announced it has acquired nearly 152 acres of land in the Denver, Colorado High Point area where it will construct a 1.2 million sq. ft. manufacturing facility set to open in summer 2023.
