Hennessy Cognac Sales Drop in Q1
Revenue from the spirits and cognac segment of LVMH fell by 5% in Q1 2023 as Hennessy Cognac struggled in China and the U.S., the company reported yesterday in its first quarter revenue earnings report.
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Six Questions with Pomp & Whimsy Founder, Nicola Nice
Before she founded gin brand Pomp & Whimsy, Nicola Nice spent 20 years advising alcohol companies on how to better connect with their audiences. The sociologist and brand strategist has consulted on spirits innovation for some of the largest global producers including Diageo, Bacardi, and Campari.
Boston Beer to Launch Slingers Signature Cocktails Singles as Convenience Play in 3 Markets
Boston Beer Company is making a convenience play in three markets with the launch of a new high-ABV, single-serve brand: Slingers Signature Cocktails.
Court Orders Bang to Cease All Sales of ‘Super Creatine’ Cans
In another legal victory for Monster Energy, a California court issued a permanent injunction Wednesday against Bang Energy maker Vital Pharmaceuticals (VPX), requiring the company to pull all products featuring the word “creatine” from store shelves and to cease selling Bang products featuring the term within 60 days.
NutraSweet (NutraSweet!?!) Relaunches as Natural, Stevia-Based Platform
Once considered a market leader for artificial sugar alternatives – before shutting its doors in 2014 – a new partner is returning sweetener brand NutraSweet to the market. But this time it’s going au naturel.
Gainful Brings Personalized Supplement Powders from DTC into Brick-And-Mortar
Personalized nutritional supplement company Gainful is branching out from DTC with a national launch in Target featuring a simplified customization process to reach retail customers both online and in-store.
Elevator Talk: Picadas, Venice Beach Beverages, MaKa, Sang
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Nick Mindel, a partner with venture capital firm Amberstone, who shared his thoughts, questions and feedback with the participants.
Drippy Soda Looking Beyond ‘Canna Curious’ Consumer
Rather than helping brand-new consumers dip their toes into the burgeoning cannabis space, THC-infused soda brand Drippy is aiming to convert the true believers.
Milk Alternatives Outpaced Overall Plant-Based, Dairy Growth in 2022
Considered the “most developed” category within the plant-based category, milk alternatives now account for 35% of the plant-based food and beverage market at $2.8 billion, according to a new report by the Good Food Institute and the Plant Based Foods Association.
Red Stripe Launches Canned Rum Cocktail
Jamaican beer maker Red Stripe has released its first spirit-based portfolio extension, Red Stripe Rum Drinks. The canned cocktail will roll out in Florida starting today, and is set to hit select markets in the Northeast throughout the spring.
Study: Multicultural Americans More Likely to Choose RTDs, Higher Loyalty to Spirit Brands
A new study highlights preferences and motivations for drinking alcoholic beverages across race and ethnicity. The study, published in February, comes from Collage Group, a cultural intelligence agency that offers consumer insights across race, ethnicity, generation, sexual identity and gender with a focus on high-growth consumer segments.
Taste Radio: Yes, You Can Plan For Breakout Success. Example? Fishwife.
Becca Millstein, the co-founder and CEO of Fishwife, a stylish brand of sustainable tinned seafood lauded by Whole Foods buyers and “Vogue” magazine editors alike, discussed the impact of its striking label design on trial and word-of-mouth marketing, scaling a niche concept and how she navigated and learned from a potentially devastating sourcing crisis.
Tilray Inc. Completes Hexo Acquisiton; Combined Business Enables “Full Leverage”
Canadian cannabis company Hexo Corp, a former partner of Molson Coors, has been acquired by Tilray Brands, Inc., in a deal valued at around $250 million, the company announced yesterday in its Q3 earnings report.
PepsiCo Seeking Hispanic-owned F&B For Greenhouse Accelerator Juntos Crecemos Edition
PepsiCo’s first ever Greenhouse Accelerator: Juntos Crecemos Edition is intended to help drive growth for startup Hispanic-owned food and beverage businesses. This is the first time that the program has focused specifically on a social equity cause.