The Alkaline Water Company is officially under new leadership after longtime CEO and President Richard “Ricky” Wright resigned, effective immediately, and was quickly replaced by company director Frank Lazaran on Friday.
Taste Radio’s hosts discussed Coca-Cola’s decision to discontinue Honest Tea, the brand’s legacy and impact on better-for-you beverage and food companies and what the move might mean for emerging upstarts. They also highlighted recently announced speakers, including top executives from Whole Foods and Kroger, that will be joining the stages at BevNET Live and NOSH Live this summer and chatted about several innovative products that crossed their desks over the past month.
In this week’s roundup of new product launches, Brisk launches its first-ever sparkling tea with Taco Bell, Vita Coco adds juice to its portfolio and cannabis-infused beverage maker Cann introduces new “lite” offerings with zero sugar, plus new plant-based milks for at-home baristas, non-alcoholic cocktails and electrolyte drink mixes.
Kansas-based milk alternative startup Strive Nutrition Corp. announced today it has partnered with Perfect Day for its first line of animal-free whey protein beverages, which will launch next month online with plans to enter brick and mortar retail later this year.
Seven states plus the District of Columbia currently allow distillers to ship direct-to-consumer (DTC), but that number may be changing with a new bill making its way through the California Legislature.
Industry leaders and investors warned CPG entrepreneurs that brands need to plan for a tighter investment market if they hope to survive in the rapidly changing economic climate at a Wednesday panel discussion hosted by the Naturally Network.
Reichenbach noted that in his role as executive chairman he was still active in the brand’s daily operations, responsible for running capital markets and shareholder relations. While he worked closely with Patarnello on key decisions, Patarnello was primarily responsible for managing the executive team.
![Flow CEO Patarnello Steps Down, Reichenbach Returns to Chief Executive Role [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2021/03/01092712/FLow-thumb-150x150.jpg)
Flow Beverage Corp. head Maurizio Patarnello has stepped down from the CEO role effective immediately, the company announced today, and will be replaced by Flow’s founder and executive chairman – and former chief executive – Nicholas Reichenbach.
Convenience channel growth decelerated to 1.7% in the first quarter of the year, underperforming all other retail channels, according to market research firm IRI’s “The Convenience Store Landscape Q1 2022” report released this week.
After the pandemic put some of its new product plans on hold, New York-based iced tea manufacturer AriZona Beverages is beginning to reload its innovation pipeline, beginning with an expansion of its Red Tea line this summer.
Despite multiple rejected attempts, Virginia-based alt-sweetener startup Bonumose will keep working to “compel and convince” the FDA to reconsider a regulation that mandates that its proprietary alt-sweetener, tagatose, be labeled under total or added sugar counts on Nutrition Facts Panels (NFPs), said the company’s CEO Ed Rogers.
Ready-to-drink canned cocktail maker Crook & Marker has confirmed the elimination of positions in its sales force, according to a company spokesperson. The spokesperson declined to share the specific number of jobs that were eliminated.
The Tory Burch Foundation announced this month its newest cohort of 50 fellows for 2022, eight of whom are female entrepreneurs in the food and beverage CPG industry.
Non-alcoholic beverage sales growth accelerated thanks to strong volume across nearly all categories in the two-week period ending May 21, according to an analysis of Nielsen data by Goldman Sachs Equity Research.
