Report: Coke Closing on BodyArmor
The Coca-Cola Company is in the closing stages of completing its acquisition of sports drink brand BodyArmor at a valuation of around $8 billion, according to media reports.
Headlines
Molson Coors CEO: Success is Driving Quality Revenue, Not Volume as it Focus on Premiumizing Portfolio
Following Hattersley’s narrative for the company’s Q3, an analyst asked him to define what success now means for the company in the U.S. Hattersley replied that “the quality of our revenue and changing the shape of our portfolio is what is important to us now.”
Coke: Volumes Surpass 2019 Levels Amid ‘Asynchronous’ Recovery
The Coca-Cola Company reported “strong” double-digit revenue growth in its third quarter earnings results this week, leading to higher year-end projections as volume sales surpassed 2019 levels amid an “asynchronous” pandemic recovery.
Distribution Roundup: Zen Hemp Infusions Expands Via PFG; KeHE Signs New Contract with Erewhon
In this week's distribution roundup: Zen Hemp Infusions expands through PFG; KeHE signs new contract with Erewhon; Alkaline88 partners with Ohi and GNC and Woke Up! Energy signs on with Mr. Checkout Distribution.
Elevator Talk: Maivino, Coco Vodka & Rum, Hoptonic Tea, Zolt, UFO
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Adam Louras, a partner with Mercenary, who will share his thoughts, questions and feedback with the participants.
Oatly: Credit Suisse Lowers Projections as Brand Faces Supply Woes
Citing recent supply chain challenges, Credit Suisse lowered expectations for the company’s sales performance ahead of the release of its Q3 2021 earnings report next month. The revised coverage has decreased expected 2021 revenue for the Swedish oat milk maker from $694 million to $685 million.
Sprecher Brewing Acquires WBC Brand Portfolio, Plans Craft Soda Strategy
Aiming to expand outside of the Midwest, Wisconsin-based craft brewery Sprecher Brewing Co. has acquired the brand portfolio of regional soda maker WIT Beverage Co. (WBC) for an undisclosed sum.
Coca-Cola and PepsiCo Named World’s Top Plastic Polluters
Two of the world’s leading beverage companies -- The Coca-Cola Company and PepsiCo -- were named among the world’s top plastic polluters for the fourth year in a row, according to the latest global Brand Audit report from Break Free From Plastic (BFFP), released yesterday.
Taste Radio: Yes, There Is There A ‘Shortcut’ To A Successful Launch. Omsom Invented It.
Omsom co-founder/CEO Vanessa Pham spoke about the company’s vision to break long-standing barriers in the ways ethnic food is perceived and sold, and how the brand became one of the most publicized startups in recent memory. We also feature an interview with Caroline Cotto, co-founder/COO of Renewal Mill, an upcycled food brand that markets ingredients and finished products.
General Mills Tests New Kids Brand to Prevent Constipation
General Mills has expanded its presence in functional kids products with the launch of Doolies, a new line of snacks and beverages containing fiber and probiotics to help prevent and treat occasional constipation in children.
California Legislation To Impact Plastic Packaging Production
Nearly a year after it was passed into law, recycling-related legislation in California is poised to have a significant impact on bottle production in the country’s biggest economy.
Sunday’s Finest ‘Gold Fashioned’ Brings Luxury to RTD Cocktail Space
In the spirits space there’s premium, and then there’s premium. Now, as the alcohol industry embraces RTD formats, pre-mixed cocktails are receiving the luxury treatment. The Gold Fashioned is available online and in select retail locations and sells for $150 per 750 mL bottle. Each bottle also comes packaged in a blue and gold box featuring details about the sourcing of each ingredient.
This Week’s New Products: La Colombe Gets Pressed, Koia Adds Pumpkin Spice
Halloween isn't yet upon us, but this week saw some beverage companies getting into the spirit of the holiday early by embracing of chocolate and mocha flavors (not to mention the ubiquitous pumpkin spice).
BioSteel’s Fast Growth Draws Comparison to “Early Stage BodyArmor”
One year after the launch of its RTD sports drink line, BioSteel is drawing comparisons to one the category’s major players -- and not just because of its name. Last month, a report from Goldman Sachs Equity Research praised the Toronto-based company, calling it an “emerging disruptor in the sports drink category” that “reminds us of an early stage BodyArmor.”