Diageo, Diddy Officially Sever Ties
Less than one month after the music mogul and entrepreneur filed a lawsuit against business partner Diageo, the global spirits company announced today it has severed ties with Combs.
Less than one month after the music mogul and entrepreneur filed a lawsuit against business partner Diageo, the global spirits company announced today it has severed ties with Combs.
Asian pear juice startup Seoul Juice has scored a new equity partner — U.S. men’s soccer player and MLS star Jordan Morris — ahead of its forthcoming launch at Costco stores in the Pacific Northwest next month.
Tepache, a fermented beverage native to Mexico, has been enjoyed south of the border since pre-Columbian times, but to many Americans it’s still an unfamiliar drink, particularly as a commercial product.
Several electronic devices owned by Bang Energy manufacturer Vital Pharmaceuticals (VPX) have been placed on “lockdown” by a Florida federal bankruptcy court after former CEO Jack Owoc was accused last week by VPX’s attorneys of extracting and sharing privileged corporate information, following his termination from the beverage company in March.
The Canadian sports drink and supplement brand has cut ties with some of its leadership after an internal review revealed “material misstatements” in its financial reporting, as troubled parent company Canopy Growth takes another hit.
This week on the podcast, the hosts discussed their smash-and-grab introduction to AriZona’s new line of hard teas, a Ted Lasso sighting at BevNET Live and a category-defining victory for non-alcoholic cocktail brands. This episode also features an interview with Luke Holden, the founder and CEO of Luke’s Lobster, a vertically integrated and family-owned seafood company based in Saco, Maine.
In 2017 Alix Peabody launched Bev, a Los Angeles-based canned wine and spritz brand, by cashing in her 401(k) to purchase 300 gallons of rosé.
In this week’s new products roundup, Jones Soda Co. gets ready for game night with the launch of its Pucker Punch Game Pack, Uncle Matt’s introduces a functional juice-based beverage and De Soi and Blind Tiger unveil summer-inspired non-alc beverages.
Monster’s “upbeat and constructive” tone during its annual shareholder meeting yesterday has boosted confidence among Goldman Sachs analysts, per a report issued late last night.
Slate Milk signed a marketing deal with the UFC Wednesday marking the largest partnership to-date for the ultra-filtered chocolate milk brand along with adding $5 million onto its already $10.5 million Series A.
ZenWTR, the sustainably-packaged bottled water brand created by beverage entrepreneur Lance Collins, is sporting a new look and a new format this week with the launch of a 16 oz. Alumi-Tek bottle and rebranded designs for its core line.
Armed with combined experience at Diageo, Firestone Walker, and JuneShine, the team behind Mate Maker has big plans for the hard kombucha category.
Bizzy Cold Brew unveiled a brand refresh on Wednesday, keeping its multi-serve 48 oz. bottle size the same but changing to a new bottle shape, color palette, updated copy and a redesigned logo font that “better articulates what our true points of difference are to the consumer.”
The non-alc category has made gains in on-premise distribution finding inroads with local music venues, pop-ups events and smaller festivals where there is a lower cost of entry than larger live shows and the consumer base is easier to access.