Off the back of announcing an over 30% year-over-year increase in net revenue in Q4, veteran-owned coffee company Black Rifle outlined its “deliberate” growth strategy primarily focused on RTDs and the Food, Drug and Mass (FDM) market.
Monster Energy Co. has filed a motion in a California federal court seeking an additional $167 million in its false advertising suit against Bang producer Vital Pharmaceuticals (VPX) on top of its $293 million jury verdict awarded earlier this year.
As travel demand remains high despite inflationary pressures, many major U.S. airlines are capitalizing on the rapid growth of the RTD cocktail category through partnerships with emerging brands to diversify their in-flight offerings.
Functional beverage maker hellowater is looking to fuel its next growth phase starting with a refreshed visual identity intended to grow its consumer audience.
Canadian energy drink maker Guru Organic Energy Corp. reported a full-year net revenue of CAD$29.1 million, down 3.7% from CAD$30.2 million in 2021, and announced plans to shift its primary focus from brand awareness to sales velocity in the upcoming fiscal year.
Alabama-based Milo’s Tea Company is constructing a new $130 million manufacturing and production facility in Spartanburg County, South Carolina, its fourth plant in the U.S.
Despite its name, The Specialty Food Association’s Winter Fancy Food Show returned to the Las Vegas Convention Center with plenty of new product innovations in the beverage set, including novel formats in the bubble tea space, updating positioning for kombucha brands and growing prominence for outer space aesthetics.
Energy drink maker Celsius Holdings Inc. has been ordered to pay rapper FloRida $82.6 million after a six-person jury found the company didn’t hold up its end of an endorsement deal from 2014 to 2018.
As continued inflationary headwinds and supply chain disruptions lead to ever-evolving consumer purchasing behaviors, emerging CPG brands are left to address the market by embracing convenience and understanding how shoppers are moving more fluidly across retail channels.
Senate committee members attempted to extract Kroger and Albertsons’ “side of the story” during a hearing on the $24.6 billion merger. Here are some highlights from the two and a half hour testimony.
SANS emerged victorious from BevNET’s New Beverage Showdown 24 today, joining a cohort of well-known beverage brands such as Health-Ade and Rise Brewing Co. who have claimed victory in the bi-annual pitch competition.
Tennessee-based natural energy powder maker Glitch Energy, which debuted its limited edition Error 404 line last week, is looking to shake up the energy drink space by offering gaming content creators a product that prolongs the effects of caffeine.
In an effort to unlock further growth opportunities for its foodservice partners, PepsiCo’s Foodservice Digital Lab announced today it will begin offering existing and future customers the ability to “seamlessly enter” the “ghost kitchen” space while leveraging the company’s resources and portfolio of brands.
A judge from Washington State has extended the temporary block on a $4 billion payout to Albertsons’ shareholders in an effort to halt the cash dividend until the grocery giant’s proposed merger with Kroger can be fully reviewed by federal regulators. Judge Ken Schubert of King County Superior Court last week extended the temporary restraining order (TRO), now effective until Nov. 17.
