Headlines

Nielsen: Non-Alc Beverage Sales Growth Stays Strong

All channel beverage sales have remained strong this month, despite an ongoing volume shift towards the on-premise channel. According to an analysis by Goldman Sachs Equity Research of Nielsen sales data for the period ending October 9, non-alcoholic drinks were up 12.9% in the two-week period while total dollar sales grew 22.6% in the period on a two-year stacked basis.

La Colombe, Whole Foods Partnership Grows With In-Store Cafe Concept

Coffee roaster and retailer La Colombe is expanding its partnership with Whole Foods Market this fall, which will include the opening of two La Colombe-owned and operated “Friends of Whole Foods Market” flagship locations in Texas and New York City.

Humm Kombucha Receives $8M Line of Credit

Seeking to expand operations and fund new marketing initiatives, Humm Kombucha announced today that it has opened an $8 million line of credit with Naturally Gerber Finance. In a press release, the Oregon-based kombucha brand said it intends to use the credit to hire new staff, purchase machinery and “fund large-scale retail programs and marketing initiatives.”

Whole Foods Predicts Sustainably Sourced Food and Functional Ingredients Will Be Among 2022 Top Trends

Sustainability-focused food trends such as ultra-urban farming and regeneratively-grown grains were among the top picks in this year’s edition of Whole Foods’s Top 10 Food Trends list, released yesterday. For the first time, in conjunction with the announcement, the retailer is offering a 10-item sample box highlighting a product from each trend

Taste Radio: When You Have A Nutty Idea, Always Fear This More Than Failure

NuttZo founder/CEO Danielle LiVolsi recalled the creative ways that she won over the nut butter and snack brand’s first retail buyers, why she adheres to the Nordstrom model of customer service and why she has consistently turned down outside investment. We also sat down with Kun Yang, the co-founder/CEO of cactus water brand Pricklee, who discussed the impact of localized social marketing.

Goldman Sachs: Out-of-Stocks Key Challenge for C-Stores in Q3

Convenience channel beverage sales were strong in the third quarter, according to the latest Beverage Bytes retailer survey by Goldman Sachs Equity Research, but ongoing supply chain disruptions are poised to put more pressure on brands and stores in the coming months.

Premium Mixer Brand AVEC Closes $1.2M Pre-Seed Round

Better-for-you mixer brand AVEC announced this week it has closed a $1.2 million seed funding round led by Gather Ventures, an investment firm specializing in plant-based products. The round also included funding from Black Ambition, a prize fund supporting minority-owned companies founded by singer Pharrell Williams.

Southern Glazer’s Brings Good Sunday to California

Founded in spite of brutal hangovers and built on the foundation of a life-long friendship, spirit-based ready-to-drink cocktail brand Good Sunday announced it has closed a $1 million Series A funding round led by Vecture Inc. founder Angelo Catenaro to support the brand’s upcoming U.S. debut.

How Data Can Predict the Future Consumers of RTDs

Pinpointing the target audience for a product requires both anticipation of demand as well as flexibility towards evolving trends—a balancing act that the RTD segment has shown it can handle with dexterity through data.

11 New Tequila and Mezcals It’s Time To Try

Spirit makers celebrated everything from brand anniversaries to traditional holidays this month with the launch of a wide range of limited-edition tequila and mezcal varieties. The new tequilas featured contain flavors ranging from lemon and vanilla to turkey breast and sherry wine.

Morning Recovery Parent Co. More Labs Closes $10M Series B

More Labs, the parent company of hangover shot brand Morning Recovery, announced this week it has raised $10 million in a Series B funding round. The round was led by Btomorrow Ventures, an investment arm of British American Tobacco (BAT), owner of cigarette brands like Camel, American Spirit and Newport.