It’s the summer of special purpose acquisition companies (SPACs). Also known as blank check companies, SPACs have increasingly become appealing for the ability to quickly create category leaders and getting capital infusions into brands that need them. The past week has seen two such investment vehicles from industry experts.
In the midst of a pandemic, on top of a worrying slump in the coconut water category overall, Vita Coco appears to have found its groove.
CBD-infused beverage and snack brand Weller is expanding its platform beyond CBD with the launch of Sparkling Immunity, a new line that builds on the company’s goal to become a functional wellness brand while increasing its footprint with retailers that don’t carry CBD products.
Though the pandemic has created a tricky retail environment for early-stage beverage brands, with fewer grab-and-go cold case purchases and less consumer trial for innovative products, carbonated cold brew coffee brand Sofee is seeking to remain nimble by rolling out new ecommerce and marketing efforts.
BevNET and NOSH are deepening their coverage of fast-evolving food and beverage categories with the premiere of two new video series next week available exclusively to subscribers: Category Close-Up and Product Showcase. To kick off the series, BevNET Managing Editor Marty Caballero will be taking a look at an established category that remains one of the most dynamic beverage types across all retail channels: ready-to-drink coffee.
In anticipation of its roll out into retail later this year with an aggressive multi-category product launch, California-based startup Golden Tiger is angling to ride the trend for immunity and anti-inflammatory functional drinks to fast success with a line of organic beverages that promote “bioactive curcumin” as its leading health ingredient.
Plant-based food and beverage maker Califia Farms announced today that it has named CPG industry veteran Dave Ritterbush as CEO. The company’s founder and longtime chief executive Greg Steltenpohl is set to remain on the board as an Executive Director.
After several years of sustained growth, powdered hydration mix brand Liquid I.V. has been acquired by international CPG giant Unilever for an undisclosed fee, the company announced today.
An increase in promotional pricing and strong sales for sugar-free Monster Zero Ultra and coffee-based Java Monster helped Monster Beverage Corp. build substantial volume growth over recent weeks, according to an analysis of Nielsen U.S. channel data through August 22, 2020 by Goldman Sachs Equity Research.
Stacy Madison, founder of Stacy’s Pita Chips, shared essential lessons learned from building her company, including those that she’s applying to her latest venture, BeBold, a refrigerated energy bar brand. She explained why having a “nothing to lose” attitude was key during her early days as an entrepreneur, the most significant mistake in building Stacy’s Pita Chips and the altruistic reason that she decided to get back into the packaged food industry.
Swoon, a New York-based maker of zero sugar cocktail mixers and syrups, is stepping into the ready-to-drink sector with the launch of a sugar free lemonade line this month. The new line is available in three flavors: Classic Lemonade, Pink Lemonade (made with strawberries) and Half & Half (made with tea).
As summer comes to a close, brands are already gearing up for the fall season. SToK, Chobani and Brew Dr rolled out limited edition products featuring autumnal spices this month, while new milks from Borden look to capture the classic flavors of fall state fairs. Check out the gallery for this month’s notable releases, including multiserves from Loco and Made Coffee and new wellness shots from BOS and Dose.
In this gallery, we showcase a handful of notable new RTDs from the past month, highlighted by flavor extensions from Lifted Libations and Cutwater, Austin Cocktails making the move into cans and a category debut from Boston's Bully Boy Distillers.
As the COVID-19 pandemic has effectively shuttered the office channel for beverage providers, Joyride Coffee Distributors has temporarily ceased operations as it finalizes a deal to secure new financing, the company told BevNET this week.
