In this spirits-focused Press Clips roundup, ready-to-drink sparkling tequila maker Onda lands $1.2 million in funding, while delivery app Drizly suffered a major data breach. Meanwhile, entrepreneurs and brand leaders from around the industry respond to the Black Lives Matter movement in the wake of nationwide protests against police brutality.
Craft beverage brand Reed’s Inc. reported a 14% increase in net sales during the second quarter of this year, for which the company credited recent product innovation as well as 19% volume growth in the core Reed’s brand.
According to CEO Chris Hunter, Koia has designed products with the natural consumer in mind, though never more explicitly than with its newest release, Thrive — a three-SKU line of oat milk-based, allergen-free ‘mood booster’ refrigerated smoothies launching this month.
According to market research firm IRI, Electrolit -- developed as a medical solution to treat dehydration -- is among the highest growing sports drinks brands in the country, with dollar sales up 78.4% to $62.9 million for the 52-week period ending June 30 -- making it the fourth largest brand in the category behind Gatorade, Powerade and BodyArmor.
The state of strategic venture units during the ongoing Covid-19 pandemic will be explored during Office Hours on Tuesday, Aug. 11 at 3 p.m. ET when our guests will be the John Haugen, Heidi Dillon Otto, and Daniel Grubbs, the leaders, respectively, of 301 INC (General Mills), Distill Ventures North America and PepsiCo Ventures Group. Office Hours viewers are encouraged to submit questions before and during the show, and will be invited to join the discussion live.
This week Covet PR, a public relations firm focused on CPG and wellness, announced it had been acquired by digital marketing company Power Digital. The firm, which was founded by Sara Brooks in 2014, will now be known as the Covet Consumer Business Unit, with Brooks taking on the role of President.
Sanzo, the New York-based maker of a line of Asian-inspired sparkling waters, announced today that it has raised $1.3 million in a funding round poised to help the brand expand its retail footprint. The round includes investments from Away co-founder Jen Rubio, Adobe Creative Cloud CPO and EVP Scott Belsky and Boba Guys co-founders Andrew Chau and Bin Chen.
Oxygen-enhanced water brand OXIGEN announced today that Golden State Warriors point guard Stephen Curry has joined its team as an investor, advisory board member and global face of the brand.
Cafe Grumpy Targets Retail with Rainforest, KeHE; Sunwink Adds Distributors, Natural Retailers; CHERRiSH Grows in Pac NW; ¡CACTUS! Launches into H-E-B; Pure NZ Expands Ecommerce Presence; Twang Michelada Adds H-E-B
Non-alcoholic beverage sales reported strong double-digit growth last month, with all channel dollar sales up 12.4% for the 4-week period ended July 25, according to an analysis of Nielsen data by Goldman Sachs Equity Research.
Monster Energy endured an uneven second quarter, as state lockdowns and decreased foot traffic depressed sales early on before improving during the later weeks, according to an earnings report released by the company on Tuesday.
If you’ve ever wondered what might happen if “Costco met Whole Foods and had an ecommerce child,” the result might look something like Bitewell. The new dietitian-curated CPG marketplace, which launched last month, offers a platform for emerging food and beverage brands while providing consumers with a weekly menu of better-for-you products offered at lower prices.
Following the ongoing relaxation of GMO labeling laws by the U.S. Department of Agriculture (USDA), a coalition of industry members led by the Center for Food Safety (CFS) last week sued the agency, noting that a lack of regulation over the growing biotech industry is threatening the ability to provide transparency in food and beverage products — something consumers increasingly want.
You might recognize Tony’s Chocolonely by its quirky labels and comic font logo. Behind the Dutch brand’s playful vibe, however, is a profound mission to end the use of child labor within the cocoa industry. Ynzo van Zanten, the company’s Chief Evangelist, spoke about how Tony’s has navigated the development of a premium brand while staying focused on its overarching social mission.
