Suja Acquires Cold-Pressed Juice Shot Brand Vive Organic
Cold-pressed juice maker Suja has acquired California-based Vive Organic, producers of a range of 2 oz juice shots, for an undisclosed fee.
Headlines
Boston Beer Rolls Out First Tequila-Based RTD: Loma Vista Tequila Soda in 4 Markets
Boston Beer Company is expanding its ready-to-drink canned cocktail portfolio with the addition of Loma Vista Tequila Soda, the company’s first tequila-based RTD.
Coca-Cola: Prices Rise in Q3 As Quincey Targets “Maximum Affordability”
Coca-Cola consumers are largely accepting double-digit price increases on beverages from the soft drink giant, as the company reported a 10% increase in revenue in its Q3 earnings report released earlier today.
Cannabis: Constellation Steps Back, Canopy USA Steps Up
Constellation Brands is simplifying its approach to the cannabis industry as the company announced plans today to convert its common shares of Ontario-based Canopy Growth Corporation into new non-voting exchangeable shares. As part of the move, the alcohol conglomerate will consolidate all its U.S. cannabis assets into a single holding company, Canopy USA.
Taste Radio: Ghost Is A Monster. And Thanks To Its Fans, Getting Bigger Every Day.
Dan Lourenco and Ryan Hughes, co-founders of fast-growing lifestyle sports nutrition and energy brand Ghost, explained how emphasizing transparency and community has enabled the company to achieve massive growth, the outsized impact of a cold email on the trajectory of their business and how they are gradually becoming more comfortable with success.
The Booze Boom: Behind the Rise of Craft Spirits & RTDs
While doing research for her book, Movers and Shakers: Women Making Waves in Spirits, Beer, and Wine, writer and bartender Hope Ewing got the inspiration to start her own company. In 2019, she and two co-founders launched Vervet, a farm-to-can sparkling cocktail line, in Los Angeles.
Relaxation Beverage Brand Leilo Acquired by Fiji Kava
As the relaxation beverage category has expanded, multiple brands within the space have made a concerted effort to diversify their ingredients beyond a single source, whether CBD, L-theanine or another additive.
Red Bull Co-Founder Dietrich Mateschitz Dies at 78
Dietrich Mateschitz, the co-founder of pioneering energy drink brand Red Bull and owner of the Red Bull Formula One racing team, has died at the age of 78. Mateschitz’s death was announced Saturday by officials for the company’s Formula One team during the United States Grand Prix in Austin, Texas.
KDP: Sudhanshu Priyadarshi Named Chief Financial Officer
Keurig Dr Pepper (KDP) announced today the appointment of Sudhanshu Priyadarshi as its new chief financial officer, effective Nov. 14.
BeatBox Closes $15M Raise to Support National Retail Partnerships
BeatBox, makers of a ready-to-drink (RTD) alcoholic fruit punch, just hit a $200 million valuation at the close of its $15 million raise aimed at expanding its national retail partnerships.
Bang: Owoc Enters ‘Ultraverse’; Retailers Reconsidering?
After filing for Chapter 11 bankruptcy protection earlier this month, Vital Pharmaceuticals (VPX), the Florida-based maker of Bang Energy, continued to face challenges both in court and in the market this week, while also advancing its long-awaited web3 ambitions.
Kroger-Albertsons: Merger Sees Mounting Opposition; Unions React
One week after Kroger's proposed $24.6 billion deal to merge with Albertsons, opposition is growing amid antitrust concerns from stakeholders and government officials.
Expo East 2022: Thaiwala Takes On Foodservice, Grocery Growth
BevNET spoke with Ken Hall, Thaiwala's VP of National Foodservice Sales, about how the drink is positioned within the market, its omnichannel approach of building inside and out of foodservice, and a potential move into single-serve ready-to-drink products.
This Week’s New Products: Cannabis-Infused Sodas & Non-Alcoholic Aperitifs
In this week’s roundup of new products, Jones Soda Co. expands its Mary Jones brand of cannabis-infused sodas, Dr. Pepper takes inspiration from tailgate season for its latest LTO and UK-Based non-alcoholic aperitif maker Everleaf makes the jump across the pond.