Headlines

Spindrift Goes Hard with Spiked Sparkling Water Line

In its ongoing mission to be the leading premium sparkling water brand on the market, Spindrift is going hard. The Newton, Massachusetts-based beverage brand announced today the launch of Spindrift Spiked, an alcoholic hard seltzer line rolling out to stores next month.

Why Greg Inspired: A Remembrance

Greg Steltenpohl, the innovative juice executive who twice brought progressive, environmentally and socially conscious brands to national prominence, was deep into a triumphant second act as a businessman -- and force for good -- when he passed away this week.

Industry Pioneer Greg Steltenpohl Dies at 67

Greg Steltenpohl, a natural food and beverage pioneer and entrepreneur who emerged as a leading voice in the plant-based movement over the course of more than 40 years in the business, has died. He was 67.

Celsius: Sales Gains in Q4 Cap Year of Growth

Fitness energy drink brand Celsius closed out 2020 on a high note, reporting a 48% increase in revenue during Q4 on top of 74% growth for the full year, according to an earnings report released yesterday.

Taste Radio: First-Year Fortune — How Bomani’s Founders Set Themselves Up For Success

The co-founders of Bomani Cold Buzz, a brand of alcohol-infused cold brew coffee, spoke about how, despite launching at the outset of the pandemic, it persevered through preparation, planning and purpose, including why aggressive cold-calling was critical. They also discussed their thoughtful approach to surveys and focus groups and how they convinced investors and advisors to believe in their vision.

The Alkaline Water Co. Accused of Fraud in Lawsuit

Minneapolis-based brand management firm Castello is taking The Alkaline Water Company to court, alleging the publicly traded beverage maker failed to make payments and fraudulently misrepresented its ability to “produce products of sufficient quality to meet retailer standards.”

Hoist Strengthens Military Ties With New Investor, Advisor

As the competition for dollars in the evolving hydration drink market heats up, Cincinnati-based Hoist is looking for an edge. In announcing the addition of Tyler Merritt as an investor and advisor last week, the company believes it has found one.

Speed Dating: Meet 1:1 with CPG Retailers on April 15

Our special subscribers-only Retailer Speed Dating will return on Thursday, April 15. The 1:1 virtual pitch and networking event will take place from 3PM to 5PM ET, bringing together retailers and up-and-coming food and beverage brands.

Nielsen: Monster Outpaces Energy Category

Sales of Monster Energy outpaced the overall energy drink category in the two-week period ending February 27, according to an analysis of Nielsen data by Goldman Sachs Equity Research. Monster saw U.S. dollar sales rise 8.6% year over year in the two-week period to $5.74 billion, declining slightly from 9.8% in the four-weeks and 11% in the 12-weeks.

Cloud Water Closes $2.7M Seed Round

Having stepped beyond its core identity as a CBD drink last summer, New York-based Cloud Water today announced the close of a $2.7 million seed fundraising round set to fuel further expansion into the overall functional beverage space.

VMG Closes Fund V, Invests in Milton’s

An investor in Ilegal Mezcal and Stone Brewing, VMG will maintain a “strategic focus” on alcoholic beverages following Sunday's announcement that it has raised $850 million for its fifth fund, now known as the Growth Fund.

Spirits Gallery: New Names Enter RTD Cocktails

In this gallery, we highlight some of the notable new releases thus far, which features several well-known spirits brands -- including Bombay Sapphire and Ogden's Own -- making their RTD debuts.