Connecticut-based spirits portfolio company The CoreBev Group has acquired RTD cocktail brand The Cocktail Chemist in its first M&A deal, the company announced last week. Terms of the deal were not disclosed.
Coca-Cola’s interest in beverage alcohol continues to expand with today’s announcement of Simply Spiked Lemonade, a new line of fermented sugar cane-based alcoholic drinks developed through the soda giant’s exclusive partnership with Molson Coors Beverage Company.
Dry January will be coming to an end soon and as consumers begin picking up alcohol again a number of new ready-to-drink cocktail launches will be there to meet them. This month’s announcements include a variety of packaging and flavor innovations, including boxed margaritas, honey-infused libations and even hard water.
In this video, BevNET managing editor Martin Caballero sat down with Bethany Gomez, Managing Director at Brightfield Group, to unpack the latest data and insights from Brightfield’s Dry January Non-Alcoholic Beverage Trends report.
Several beverage brands announced partnerships with athletes, influencers and celebrities last week, including Celsius, Day One, ZICO Rising and low-ABV vodka brand Petal & Plume.
The beverage industry is heading into 2022 with a flurry of new innovations, as brands debut Dry January friendly non-alcoholic alternatives, THC-infused cannabis drinks, functional products and forward-thinking launches in the non-dairy set.
Nearly 4,000 U.S. food and beverage retailers – including nearly 3 % of U.S. grocery stores – shut their doors last year, according to a study sponsored by the convenience store industry.
Consumer demand may be solid, but supply chain disruptions continue to challenge the convenience channel, according to the Q4 ‘Beverage Bytes’ survey of retailers by Goldman Sachs Equity Research. The survey was constructed from feedback from retailers representing nearly 40,000 U.S. retail locations (or about 27% of the convenience channel).
Organic energy drink GURU is betting that its long-term growth potential outweighs short-term pain, as the company reported rising losses alongside record net revenue in its Q4/FY 2021 earnings report released today.
Elegance Brands announced this week it will change its name to SWAY Energy Corporation, reflecting a shift in focus on its two leading brands, SWAY Energy and ready-to-drink vodka cocktail VOCO. Launched in spring 2021, SWAY and VOCO have quickly emerged as the fastest growing lines for the California-based beverage portfolio company.
As sugar reduction continues to be a top priority for food and beverage manufacturers, seven low- and zero-sugar brands are banding together to form the Alliance to Control Excessive Sugar (ACES), a new business group dedicated to promoting better-for-you products.
Performance energy drink A SHOC has entered into a multi-year agreement with action sports brand Thrill One Sports & Entertainment to become its Official Energy Drink Partner, the company announced this morning.
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Maxine Kozler Koven, Co-Managing Director of LDR Ventures, who will share her thoughts, questions and feedback with the participants.
While divesting from some of its other well-known, better-for-you brands in recent years, Coca-Cola has been eager to use its flagship soda line as a platform for innovation, both inside the can and out. This morning, the company announced the release of Mocha, the fifth SKU for the Coca-Cola with Coffee line introduced in January 2021.
