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.
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.
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.
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.
CBD sparkling water brand Day One Beverages has closed a round of funding led by Arizona-based family office Vincere Capital. The financing, which was stated to be a multimillion dollar round, closed in June and was announced this week.
Nestlé has reached an agreement to fully acquire Seattle’s Best Coffee, a dry coffee brand owned by Starbucks, four years after the Swiss conglomerate obtained global marketing and distribution rights to the brand.
Although growth of non-alcoholic beverage sales remained “robust” during the two-week period ending October 8, volume declines and softer pricing growth led to decelerated overall sales, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Beverage sales in the convenience channel grew 12% in Q3, with a 3% increase in foot traffic in spite of economic headwinds, according to the latest Beverage Bytes retailer survey from Goldman Sachs Equity Research.
Harmless Harvest CEO Ben Mand discussed the brand's latest innovations and its ongoing efforts to showcase its star ingredient, as well as how it is coping with inflationary pressures as a premium product.
Pernod Ricard announced on Monday that it had acquired a majority stake in Código 1530 Tequila, the ultra-premium tequila co-founded by country music singer George Strait.
After an exit to Nestlé last year, Essentia founder Ken Uptain and its former CEO Scott Miller are jumping back in the water with Yesly, a new brand of canned enhanced waters launching early next year.
Maurice Tebele and Martin Hoffstein, co-founders of fast-growing, digital-centric spirits brand JAJA Tequila, explained how “subtle integration” is the key to JAJA’s effective social media strategy, the value of risque and edgy marketing, how they elicit the best out of their respective skill sets and how they found a strategic partner that is aligned with their vision for the brand.
As the colors start to change and the weather gets cooler, many RTD cocktail brands and distilleries are starting to lean into autumnal-inspired flavors. Check out this gallery for the newest releases from brands like Golden Rule, CHIDO and Misunderstood Whiskey Co.
In this edition of People Moves, Lemon Perfect appoints a new Director of Brand Marketing, while Electrolit names a new commercial director for Canada. Elsewhere, Blue Triton names its new CMO.
