Washington-based craft distiller Heritage Distilling announced this week its plans to merge with Better World Acquisition, a special purpose acquisition company (SPAC), to go public in a transaction that has a pro forma enterprise value of over $122 million.
Energy drink brand Celsius reached a $7.8 million settlement agreement late last month with a consumer group that claimed the drink’s front-of-can “No Preservatives” callout was misleading due to the product's inclusion of citric acid.
In this week’s new products’ roundup, Spindrift makes its first foray into the mocktail set, Wild Tonic announces a new series extension on the heels of its recent rebrand and MatchaKo makes its national debut.
With his latest beverage alcohol play, sports business analyst and CPG investor Darren Rovell is feeling the heat – and he’s excited for it. Kickstand Cocktails launched earlier this year with a line of spicy ready-to-drink canned cocktails with 5.5% ABV per 12 oz. can.
Colorado-based beverage maker Hoplark is separating into two subsidiaries: Hoplark, which will oversee the core brand as it currently exists, and Hoplark Labs, a tech-driven division that will launch new beverage brands and products under the leadership of the company’s founder, Dean Eberhardt.
Non-alcoholic beverage sales gained pace in the two-week period ending December 3 as volume growth “remained stable despite a slight acceleration in pricing,” according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
As inflation continues to impact prices at the supermarket, U.S. consumers are spending less money buying groceries online, according to last month’s Brick Meets Click/Mercatus Grocery Shopping Survey.
Prebiotic soda producer Poppi has closed a $25 million Series B funding round backed by existing investor CAVU Venture Partners, the company announced today. The new financing arrives as Poppi reports 148% year-over-year growth amid a significant retail expansion.
Mauro Porcini, the Chief Design Officer of PepsiCo, discussed his definition of design, both in the abstract and specific to his work in consumer products, how he convinces colleagues to align with his vision, and where he takes his cues as a creator and leader. He also explained his hiring process and the value of technical expertise versus personality or cultural savvy and how social media influences his perspective on design.
Health-Ade has named former PepsiCo executive Chris Lansing as its permanent CEO as co-founders Daina Trout and Vanessa Dew prepare to step away from the kombucha company early next year.
Advertising watchdog group Truth in Advertising and the University of Connecticut Rudd Center for Food Policy & Health filed a complaint with federal agencies today against energy drink maker GHOST, alleging the company has “unfairly and deceptively” marketed its products to children.
Backed by $70 million in new growth capital, plant-based food and beverage company NotCo is aiming to build a business-to-business food technology platform “that operates like Coca Cola.”
In this week’s roundup of new products, Boxed Water takes a trip to Jurassic Park, Hydralyte teams up with actress Shay Mitchell and MTN DEW pays homage to an infamous holiday treat.
Taste Radio’s hosts reflected on the BevNET’s Winter 2022 events through the first day of BevNET Live, highlighted the winners of various competitions held throughout the week, how community was a key theme in panels and presentations and the fuel that kept Ray, John, Jacqui and Mike going amid a whirlwind schedule.
