Despite seeing a 9.7% decline in net sales in the first quarter of 2021, Molson Coors Beverage Company reported solid sales for its non-alcoholic beverage portfolio, including new energy venture ZOA. Speaking to investors and analysts on a conference call Thursday, CEO Gavin Hattersley said ZOA has been “extraordinarily well received by retailers and by distributors alike.”
Just when it seemed the beverage industry had it all figured out when it came selling to millennials, in comes Gen Z. Gen Z Brands is a new Arkansas-based, sustainably packaged bottled water brand that has taken its namesake from its target demographic.
Late last week Boston-based pickle brand Grillo’s revealed it had been sold to family-owned bakery business King’s Hawaiian earlier this year. While pickles and bread are often sandwiched together, the brand will largely be speeding ahead on its own, according to Grillo’s executives.
As we head into spring, beverage brands are amping up consumers for the warmer months ahead. This month saw new energy boosting shots, oat milk innovations, and two new functional flavors from Vitaminwater. Check out the gallery for the latest from Super Coffee, Fever Tree, and hellowater, in addition to new brand launches, partnerships, and reformulations.
Proud Source Water announced this week a regional distribution agreement with PepsiCo Beverages North America (PBNA), placing the sustainably-packaged alkaline water brand on blue trucks servicing food service providers, stadiums and retailers in the Western region of the country.
Keurig Dr Pepper (KDP) has upped its projections for full year net sales growth to 4-6% after reporting an 11% increase in net sales during Q1 2021, the company announced this morning.
U.S. Senators Tammy Baldwin (D-WI) and Jim Risch (R-ID) last week reintroduced bipartisan legislation that would ban plant-based dairy alternative products from using dairy-related terms on their labels.
Yerba mate brand Guayaki has named former Red Bull North America CEO Stefan Kozak as its new chief executive officer.
White Claw Hard Seltzer and Mike’s Hard Lemonade maker Mark Anthony Brands has filed a lawsuit against Vital Pharmaceuticals, Inc. and Bang Energy LLC alleging copyright infringement in U.S. District Court in the Southern District of New York.
In a move that signals that the company is considering a variety of financial options including a potential acquisition or IPO, Kitu Life Super Coffee announced today that it has hired former Whole Foods finance VP Rosanna Godden as CFO and board secretary.
Yesterday CPG conglomerate Unilever announced it would acquire Onnit, a producer of food, beverage and supplement products designed for fitness-focused consumers. Terms of the deal were not disclosed but Unilever stated the brand will maintain its Austin headquarters and continue to be led by CEO Jason Havey.
Breakout Boston-based pickle brand Grillo’s Pickles has been sold to bakery company King’s Hawaiian in a deal that closed earlier this year. While exact terms of the deal were not disclosed, the Boston Business Journal reported that the company will remain in Boston, albeit with changes to the leadership team: CEO and founder Travis Grillo has left the company.
After a two-year hiatus from launching new products, Texas-based brand Picnik is charting a path forward in retail and online beyond its roots in “butter coffee” with the release of Vanilla Oat + Collagen Adaptogen Creamer. The new addition is the brand’s first SKU with flavor, founder Naomi Seifter noted, which leans more into the brand’s message to “Make Your Morning Count.”
Honest Tea co-founder and Beyond Meat chair of the board Seth Goldman discussed how his latest venture, mission-driven platform Eat The Change, fits into the context of his career and why the company led with mushroom jerky for its debut product line. He also addressed criticism of Beyond Meat products as being overly processed, the evolution of Honest Tea as a Coca-Cola-owned brand and why he occasionally eats Pringles.
