Brown-Forman, the leading exporter of U.S. spirits to the world, announced today plans to cut 12% of its global workforce of 5,400 employees, seeking to position the company for future…
Despite strong order demand from its retail partners, ginger beer producer Reed’s saw sales and profit declines in Q3 due to “repetitive” production limitations and short shipments, according to the company’s latest earnings report.
Forty-five-year-old vertically integrated beverage manufacturer Trilliant Nutrition, whose portfolio includes brands like Victor Allen, Aspen Ridge and Study Fuel, is looking for growth opportunities beyond the coffee category with the launch of Nurri ultra-filtered protein milk shakes, exclusively available at Costco.
Keurig Dr Pepper (KDP) today posted a 2.3% year-over-year increase in net sales to $3.89 billion in Q3, fueled by segment growth in U.S. refreshment beverages and international markets that was weighed down by a continued decline in U.S. coffee sales.
Blue Stripes, the brainchild of renowned chocolatier Oded Brenner, is aiming to generate brand awareness, drive sales and roll out new marketing efforts to support its whole cacao products with the support of a recent $20 million Series B funding round led by Zintinus.
Blue Stripes, a purveyor of sustainable cacao fruit-based food and beverage products, announced today it has raised $20 million in a Series B funding round intended to help the brand advance its whole cacao process technologies, develop new products and expand distribution.
The 76-year-old brand today unveiled a refreshed visual identity that leans into its origins in the foothills of the Tennessee mountains while placing a new emphasis on “energizing refreshment” and togetherness. The refresh spans all elements of Mountain Dew branding – from its logo to its color scheme to its label callouts.
Online influencers and creators aren’t just making their own CPG brands – they’re doing it with each other. PRIME has joined forces with YouTube superstar MrBeasts’ chocolate company Feastables to introduce Lunchly, a kid-friendly meal kit positioned as a better-for-you competitor for Kraft Heinz’s Lunchables.
Craft juice company Perricone Farms is squeezing out new opportunities for expansion this week, having acquired Fort Pierce, Fla.-based Natalie’s Orchid Island Juice Company. Terms of the deal were not disclosed.
Going from coffee to coconuts, Chris Gallant has been named CEO of ZICO Rising, officially joining the resurrected coconut water brand a week after announcing his departure from influencer-founded startup Chamberlain Coffee.
Despite reporting single-digit quarterly sales declines during separate earnings calls today, both Brown-Forman and Pernod Ricard remained optimistic about their abilities to return to growth in 2025.
Lifeway Foods cited volume growth of its flagship drinkable kefir as the key driver of record sales in Q2 2024, according to the company’s latest quarterly earnings report released this morning.
Net sales and volumes were down for Zevia during Q2 reflecting a mixed recovery in on-shelf distribution by channel, including some temporary challenges in club, according to the brand’s quarterly earnings report released yesterday.
BellRing Brands – the producer of Premier Protein and Dymatize brands – reported 15.6% net sales growth to $515.4 million in its Q3 earnings report this morning as the company works to build up demand and household penetration for its shakes and powders.
