Last week, low-alc aperitif brand Haus announced that it would shut down. Rather than filing for federal bankruptcy protections, the California-based brand instead looked to a different type of common law bankruptcy procedure known as an Assignment for the Benefit of Creditors, or an “ABC.” But what is the process and how does it work?
California-based beverage protein company Lyons Magnus is the target of a putative class action lawsuit filed last week, alleging the company misled consumers by not disclosing that its drinks were contaminated with potentially deadly bacteria.
In this episode of Category Close-up, we explore the trends and business dynamics impacting the spirit-based RTD cocktail segment.
Cut to commercial: In the Finland wilderness, actor Miles Teller makes friends with a bear, bonding over their shared love of The Finnish Long Drink, a ready-to-drink version of Finland’s signature gin cocktail. Many Americans may have never heard of a long drink, but they may recognize the “Top Gun: Maverick” actor.
Happy Viking announced today it has welcomed 10 new members to its cap table, adding a slate of female sports stars including Venus Williams’ sister Serena, pro golfer Michelle Wie, Peloton VP of programming Robin Arzon, and World Cup champion Megan Rapinoe.
Seventeen years ago, Bossa Nova helped create the market for acai juices in the U.S. Now, its founder Alton Johnson – working alongside beverage industry veteran Neil Kimberely, himself fresh off a nine-year stint as Chief Strategy Officer at premium water brand Essentia – is bringing the defunct brand back, although this time it will be dancing to a different beat.
Chamberlain Coffee, the Los Angeles-based specialty coffee brand founded by YouTube sensation Emma Chamberlain, announced it has closed a $7 million funding round to fuel omnichannel business growth.
Charles Joly, an acclaimed mixologist and co-founder of pioneering RTD cocktail maker Crafthouse Cocktails, discussed how the brand has distinguished itself via quality, consistency and variety, the impact of his experience and reputation in its development and how focusing on taste helped establish and cement the company’s relationships with retail buyers.
Private equity firm Butterfly announced today it has closed its sophomore fund, securing commitments from an undisclosed number of institutional investors, family offices, entrepreneurs, and food investors to invest a total of $1 billion in “seed to fork” food-focused entities.
Global ingredient supplier SunOpta is banking on its new production facility, sustainability measures and culture of innovation to bring new levels of success as consumers demand more plant-based beverages and food choices.
A federal judge has rejected Monster’s motion to be awarded $6 million in attorney’s fees over its “intensely litigated” dispute with Vital Pharmaceuticals (VPX), parent company to Bang Energy, on grounds that the case was not considered frivolous or unreasonable in accordance with the Lanham Act.
The teams at BevNET and SuperCoffee are hosting a food and beverage industry meetup on Thursday, September 15th from 4:30 PM to 7 PM CT. The meetup will feature live interviews with the editor and producer of Taste RadioRay Latif. Join us to network and meet members of the Super Coffee, BevNET, NOSH, and Taste Radio teams including John Craven, Carol Ortenberg, Jacqui Brugliera and Mike Schneider.
Sporting a new 12 oz. aluminum can package, Motto is returning to store shelves this month after a roughly two-year hiatus, and making its ecommerce debut, as it seeks to rediscover its interrupted momentum within the better-for-you beverage marketplace.
In this week’s roundup of new product launches, Coca-Cola rolls out a limited-edition “imagination-flavored” soda, Chamberlain Coffee adds two new flavored matcha powders to its portfolio and several brands kick off the fall season early with pumpkin-flavored creamers.
