Headlines

NielsenIQ: Volumes Drag Down Non-Alc Beverage Sales

Growth of non-alcoholic beverage sales remains positive amid declining volumes and moderate pricing increases leading to decelerated overall sales in the two-week period ending August 27.

Taste Radio: Amberstone Has An ‘Extraordinary’ Plan. Investing $75M Is Just The Start.

Nick Mindel, a partner with Amberstone, a San Francisco-based venture capital firm focused on mid-stage investments in fast-growing consumer brands, shared specific details about each of its funding deals of the past 12 months, how trends influence the way the firm evaluates investment opportunities, financial metrics that will make or break a company and why Amberstone will continue to invest in consumer brands despite widespread concerns of economic slowdown.

Starbucks Names Laxman Narasimhan as Next CEO

Starbucks Coffee has named Laxman Narasimhan as its next CEO, replacing interim chief executive Howard Schultz effective April 1, 2023. Currently based in London, Narasimhan will relocate to Seattle for the role and will join the company full time as its “incoming CEO” on October 1 to work alongside Schultz.

Taste Radio Austin: Hear From ‘Super’ Stars And An Ambitious Investor

With Taste Radio’s industry meetup in Austin just two weeks away, we’re excited to announce two featured interviews taking place at the event. Presented by Super Coffee and hosted at the company’s headquarters, the gathering will highlight conversations between Taste Radio host Ray Latif and Super Coffee co-founders Jimmy, Jake, and Jordan DeCicco, and Anna-Lena Kamenetzky, the founder and CEO of Touch Capital.

Shaka Tea Founders Exit, Launch Women-Focused Investment Fund

Seven months after the brand was acquired by King’s Hawaiian parent company Irresistible Foods Group, Shaka Tea’s founders Harrison Rice and Bella Hughes are moving on to new ventures, beginning with the launch of investment fund Roya Capital.

NewAge Declares Bankruptcy, Claiming Almost $150M in Debts [Updated]

NewAge, Inc., the Utah-based beverage portfolio company-turned-MLM wellness business, and three of its subsidiaries have filed for Chapter 11 bankruptcy relief in Delaware. The announcement on Tuesday comes nearly three months after NewAge declared in June that it would commence a review of strategic alternatives to maximize shareholder value.