Headlines

Taste Radio: What’s Generating Deal Flow & Investment? Plus, New Collabs We Love.

Why are some investors writing checks while others are content to stay on the sidelines? The hosts discussed a new survey that examines the dynamics of contemporary deal flow. They also spoke about opportunities for entrepreneurs to spotlight their brands at BevNET’s Winter 2023 events and highlighted two food brands that developed new snacks in collaboration with beverage companies.

Gnubees Locks In Coremark As It Eyes U.S. C-Stores

Gnubees believes its better-for-you, juice-adjacent kids drinks have a path towards capturing a significant piece of the category, and it is eyeing the convenience channel as its route to get there.

Campari: Weaker Q3 Amidst Market Normalization

Fueled by robust pricing and strong performances from its aperitifs, tequilas and bourbon, Campari reported 10.5% organic growth in its first nine months of FY 2023, though that news was tempered by weaker results in Q3, the company reported during its earnings presentation today.

KDP: Beverage Grows, But Coffee Drags on Q3 Earnings

Keurig Dr Pepper (KDP) reported a 5.1% increase in net sales to $3.81 billion during the Q3, according to an earnings statement released this morning highlighted by the news of its distribution agreement with sports drink brand Electrolit.

Keurig Dr Pepper, Electrolit Agree On Long-Term Sales & Distribution Pact

Keurig Dr Pepper (KDP) this morning announced a long-term partnership with Mexican beverage company Grupo PiSA to distribute fast-rising sports drink Electrolit across the U.S., filling a major hole the KDP's portfolio that's been missing since watching BodyArmor flee into the arms of Coca-Cola back in 2019.

Taste Radio: The Simple Maxim That Made Michele’s Granola A Profitable Category Leader

Michele Tsucalas and Oliver Buccicone, the founder and CEO, respectively, of super-premium granola brand Michele's Granola spoke about how focusing on “premium simplicity” has enabled it to scale while maintaining its rustic package design and positioning, the brand’s patient path to distribution in conventional grocery and why examining every cost is key to being cash-flow positive and profitable.

Lemon Perfect Names Former Onda COO Kimmell as Chief Supply Chain Officer

Lemon Perfect is bringing on David Kimmell, a former operations head at Onda and Spindrift, as its Chief Supply Chain Officer. Founded in 2017, Lemon Perfect produces a line of sugar-free flavored waters made with lemon juice, positioned as a better-for-you alternative to lemonade.