Spirits: 7 New Whiskeys for Valentine’s Day
Just in time for Valentine’s Day, several whiskey brands are rolling out new expressions featuring tasting notes ranging from caramel and vanilla to nut brittle to butterscotch.
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Taste Radio: Why The ‘Primal’ Plan – Focus On The Basics And Your ‘Why’ – Works
Jason Burke, founder and CEO of clean-ingredient meat snack and condiment brand The New Primal, discussed the demands of building a modern food brand, why he advises founders to embrace reliable business practices and a cautious retail strategy and how “the goalposts” have shifted when it comes to large CPG exits. He also stressed the importance of due diligence on potential investors and shared a moving story about his motivation to provide consumers with better food options.
Yerbaé to Go Public On Toronto Stock Exchange
Yerbaé is set to become the latest beverage company to go public as the plant-based energy brand announced today that it has completed a reverse triangular merger in order to begin trading on the Toronto Stock Exchange.
Introducing Community Call: A Series of Expert Conversations Inviting Your Participation
BevNET and NOSH presents: Community Call, a recurring series of open meetings dedicated to pressing topics impacting food and beverage businesses. Topics on the docket include: learning the formula for a successful Expo West exhibit; how to successfully pitch media for coverage; and how to follow up post trade show to get business done.
New Chinola CEO and Venture Capitalist Andrew Merinoff on Why He Invests in Undefined Categories
Andrew Merinoff wants to invest in products that seem impossible to pull off. Case-in-point: This month, the founder of venture capital firm Dispact Ventures, announced he is taking over as CEO of passion fruit liqueur Chinola, one of the firm’s earliest investments.
DISCUS: Market Share Increase for US Spirits Fueled by Premiumization and RTDs
For the first time, spirit revenues have eclipsed beer, according to the Distilled Spirits Council of the United States (DISCUS) in its annual economic briefing today.
This Week’s New Products: Immunity-Boosting Beverages, Plus Chaga Matcha Mix
As cold and flu season rages on, this week’s new products gallery showcases immunity-boosting beverages from Favor and Ocean Spray. Plus, Renude introduces a mushroom-based twist on the classic matcha latte and Willa’s unveils an improved formula for its barista oat milk.
PepsiCo: Food and Beverage Price Hikes Increase Net Revenue, Hurt Consumer Demand
PepsiCo’s quarterly net revenue surpassed analysts’ expectations following price hikes for its food and beverage products. The New York-based conglomerate’s net sales rose 10.9% to $28 billion in Q4 2022 against analysts’ estimate of $26.9 billion. Organic revenue, which excludes the impact of acquisitions and divestitures, rose 14.6% during the quarter.
On Heels of Completed Investment, Rishi Reveals Growth Plans
When Rishi Tea & Botanicals founder Josh Kaiser launched his business as a 24-year-old fresh out of college in 1997, he was used to being the youngest one in the room.
Bimble Moves Into Cans After MA Hemp Laws Cease Co-Packing Agreement
Cannabinoid drink brand Bimble has ditched its 12 oz. glass bottles, kicking off the new year by downsizing into 8 oz. slim cans that pack the same 25 mg dose of CBD, but less liquid and, subsequently, less calories.
Nielsen: Non-Alc Bev Sales Stable; Volume Rebounds Driven By Slower Pricing Growth
Sales growth in the non-alcoholic beverage industry remained “robust and broadly stable” at +13.3% as price increases slowed, driving a rebound in volume growth.
Barcode: Next-Gen Hydration Drink At ‘Inflection Point,’ Aiming for 5K Doors
After testing the market for a premium sports drink for the past two years, Barcode is ready to move into national distribution. Recently, the fitness water hired a new COO to help scale the brand for a larger distribution push and new innovation in 2023.
Elevator Talk: Tepetán, Sommarøy, Uncle Waithley’s Vincy Brew, JAS, Cheeky Cocktails
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Mike Fata, the founder of Manitoba Harvest and Fata & Associates, who shared his thoughts, questions and feedback with the participants.
New Bill In California Seeks to Widen Access to Spirits-Based RTDs
California lawmakers have introduced a bill that would allow wine and beer retailers to sell spirits-based, ready-to-drink (RTD) beverages that are lower than 10% ABV and in containers no larger than 16 oz.