Strong pricing helped keep non-alcoholic beverage sales largely consistent in the two-week period ending June 18, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Retail dollar sales in the two-week period grew 9.4% year-over-year, compared to 9.3% growth in the four-weeks and 11.3% for 52-weeks.
Honest Tea co-founder Seth Goldman has revealed the name and logo for his new iced tea venture, as well as details about its approach towards environmental sustainability, community support and fair business practices.
Founder Jordan Silbert is stepping down as CEO of premium cocktail mixer brand Q Mixers, handing the reins to industry veteran Bob Arnold; Nitro cold brew coffee producer RISE Brewing Co. has named industry vet Richard Matusow as its chief sales officer; Energy drink sales vet Sam Wilson has joined Congo Brands.
Seattle-based food tech company Atomo Coffee, the maker of a “beanless coffee” made with upcycled ingredients, has raised $40 million in a Series A round ahead of its ecommerce launch today, the company announced.
Ibraheem Basir, the founder and CEO of A Dozen Cousins, a brand of ready-to-eat meals and sides inspired by traditional Black and Latino recipes, spoke about how the brand’s initial focus has evolved, why keeping “a foot in the familiar” is a key tenet of its innovation strategy, the reason the company isn’t vocal about funding and how opportunities have improved while challenges remain for BIPOC food entrepreneurs.
Sparkling tequila cocktail Onda has closed a $12.5 million funding round led by existing investor Aria Growth Partners, the company announced today. Aria originally backed the brand in its $5 million Series A round last May, and is reinvesting on the back of a strong performance over the past 12 months, during which it has surpassed 10,000 total doors across more than 30 states.
Keurig Dr Pepper (KDP) has entered a definitive agreement to acquire global rights to Canadian non-alcoholic RTD cocktail brand Atypique. The acquisition is expected to close in early Q4 2022 and terms of the deal were not disclosed.
Amid this gut health breakout, co-founder and CEO Stuart Dimson believes that Doctor D’s moment has arrived and the company has opened a new venture funding round as it anticipates more than 100% growth in 2022.
Bang CEO Jack Owoc answered questions yesterday after the Florida-based functional beverage maker announced that it had reached an agreement with PepsiCo to terminate its exclusive distribution agreement, originally scheduled to end in October 2023.
Brands are trying to find new ways to accurately communicate their environmental commitments, and for many, that has required the development of a new set of certifications that extend beyond the older, established classifications.
This week’s collection of new beverages includes the debut of Jones Soda Co’s new cannabis-infused soda brand, Mary Jones, a new formula launch from alcohol recovery brand NextDay and fruity summer flavors from HOP WTR and Aura Bora. Plus, Monster Energy unveils its first-ever cold brew products.
PlantBaby, a Hawaii-based plant-based kids nutrition brand, announced this week it has closed a $4 million seed round led by Big Idea Ventures and The Fund LA.
Major League Baseball's decision to allow teams to partner with NSF-certified CBD brands opens the door for food and beverage companies to access a bigger market for consumers interested in hemp-based products.
Brian Rosen doesn’t want to invest in your vodka flavored with sriracha or lemon peel and cumin. The lifelong beverage entrepreneur and advisor is channeling his experience into growing spirit brands that instead have wide appeal, and he’s adding strategic capital through InvestBev, an investment firm focused on adult-beverage brands, raw distillate, beverage technology and cannabis.
