Amazon was also a prime subject for the first two speakers in an e-commerce discussion series at the just-concluded BevNET Live Summer 2017 event in New York this week.
This edition of the Taste Radio podcast features an interview with KeVita co-founder and former CEO Bill Moses, who discussed the key elements of his investment philosophy and his work with upstart brands.
Amazon announced Friday that it will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Food’s net debt.
As nitro cold brew moves out of boutique coffee houses and into the mainstream, brands are staking out footholds in this emerging market for both on-premise service and packaged products, and keeping the door open for as-yet-unexplored possibilities for infusing nitrogen into other beverages.
As the industry continues to mature, the manner in which individual brands choose to approach the issue of alcohol and sugar content in kombucha will likely play a significant role in determining the health of the category going forward.
If day one of BevNET Live Summer 2017 offered the goods on how to innovate and scope out the future of the beverage industry, day two was a crash course in the nitty gritty details of monetizing that future.
Rise Brewing Company is touting its coveted crown as the winner of New Beverage Showdown 13 after claiming the top spot in the early-stage beverage brand competition. Co-founders Grant Gyesky and Jarrett McGovern competed against entrepreneurs from five other brands participating in the final round of the Showdown, which is intertwined with BevNET Live Summer 2017 and held at Metropolitan West in New York City.
The delivery of the message was softer, with a few jokes thrown in, but the connective lesson from presentations at Day One of BevNET Live Summer 2017 was quite clear and quite serious: In a rapidly changing world, your business needs to keep up the pace or get stuck in the past.
Representatives from Ugly Drinks, Lion Tea, Rise Brewing Co., Smart Pressed Juice, Mooala, Cannabinoid Creations, FYLO, Limitless Coffee & Tea, Ounce Water, Remedy Organics, Inspired Brews, and Still Thyme Soda all faced off in the competition’s semifinal round, held at Metropolitan West in New York City on Tuesday morning.
While soy milk, coconut milk, almond milk and other non-dairy alternatives have already established a presence on retail shelves, the category still has plenty of room to grow. And in retail coffee shops both big and small, brands have found a valuable opportunity to get more of their product into consumers hands, or cups.
Rowdy Mermaid sees rapid growth in lead up to $2 million Series A round; The New York Times probes cold brew; Massachusetts coffee shop sells Donald Trump-themed "Covfefe Coffee"; NIH delivers more bad news about diet soda in latest study.
Included in our first episode as Taste Radio is a conversation with Jordan Gaspar and Lauren Jupiter, the founders of venture capital fund AccelFoods, which invests in early-stage and innovative food and beverage companies. Gaspar and Jupiter discussed the evolution of AccelFoods’ investment and business strategy and shared their take on nascent trends in food and beverage.
After Massachusetts-based Spindrift Beverage Co., Humm is now the second beverage brand to receive investment from VMG Partners, a private equity firm with a portfolio that includes Kind Healthy Snacks and Health Warrior.
Two days after Seattle became the latest addition to a growing group of cities that have implemented a tax on sugar-sweetened beverages, “Soda Politics” author and advocate Marion Nestle appeared at Harvard University for a scheduled talk about the business of soda.