Headlines

Starbucks Announces TAZO Sale to Unilever

Starbucks Corporation today announced an agreement to sell the TAZO tea brand to Unilever for $384 million, a move that will allow the Seattle-based coffee giant to focus on supporting its other premium tea brand, Teavana.

Nestlé Acquires Chameleon Cold-Brew

Nestlé USA today announced its acquisition of Chameleon Cold-Brew for an undisclosed sum, roping the Austin, Tex.-based brand into its widening coffee portfolio.

Hello Beverages Bring On IBC To Shape Growth in 2018

Hello Beverages recently partnered with InterContinental Beverage Capital (IBC), a New York-based middle market advisory group with a focus on CPG industries, to help shape and execute their ambitious plans for growth in the coming year.

NACS 2017 Video: HEYDAY Founder On Filling a Gap in Coffee

Speaking with BevNET, founder and CEO Bart Smith discussed his vision for the company -- which is his first foray in the beverage industry -- and how HEYDAY is positioning itself as an affordable, tasty, and non-indulgent cold brew.

Humm Kombucha To Open $10M East Coast Facility

Today Humm Kombucha announced it had reached an agreement with the City of Roanoke, Va. for the construction of a new $10 million, 100,000 sq. ft. facility that will be the future home of the brand’s East Coast brewery.

NACS 2017 Video: Moonshine Sweet Tea Grows Beyond Grocery

At NACS 2017 in Chicago, BevNET editor-in-chief Jeffrey Klineman spoke to CEO Remmy Castillo about how the company’s growth strategy, discussing how Moonshine is building out its employee roster with industry veterans to strengthen the internal infrastructure and “put the right people in place” for success.

CircleUp Closes $125M Fund Powered by Machine Learning

CircleUp is hitching its growth fund to Helio. The online fundraising platform today announced the launch of a $125 million venture capital fund that will incorporate the proprietary machine learning platform as a tool to help guide investment in early-stage consumer and retail companies.

Icelandic Glacial Partners With Golden West To Build New Beverage Brands

Icelandic Water Holdings, the parent company of premium water brand Icelandic Glacial, has entered into a partnership with Golden West Food Group Inc. to collaborate on marketing, sales and distribution for the latter’s two beverage brands, Bowery Coffee Co. and the forthcoming KÖE Kombucha. The deal, which was finalized two weeks ago, is the first step in turning Icelandic Glacial into a multi-brand global beverage company, according to CEO Reza Mirza.

Distribution Roundup: Zupa Noma Branches Out

Zupa Noma enters Whole Foods NoCal and Wegman's nationwide; Coca-Cola Company completes its refranchising effort; New Age Beverage Company partners with Dot Foods for new channel penetration; Powell & Mahoney get into Whole Foods; Arteasans digs into the midwest.

NACS 2017 Video: Mark Wahlberg Talks Being “More Involved and Aggressive” With AQUAhydrate

In this video interview recorded at the NACS 2017 show in Chicago earlier this month, actor Mark Wahlberg, a co-owner of premium high-pH alkaline water brand AQUAhydrate, spoke to BevNET assistant editor Martin Caballero about his personal commitment to growing the brand, how his roles as an investor and endorser has evolved since he first joined AQUAhydrate, and how he has leveraged product placement in his film and television projects to give the brand a bigger platform.

Lavit Partners with Juice Press for Capsule Line

Beverage tech company Lavit, which produces “Cooler Water Cooler” machines marketed for use in offices, announced Monday that it has partnered with cold pressed juicery Juice Press to produce a line of branded, infused water capsules set to hit the market by the end of the year.

NACS 2017 Video: AriZona Beverages Pushing Toward Premium

In a video interview recorded at the NACS 2017 show in Chicago, the Vultaggio brothers Wesley, who also serves as the company’s chief creative officer, and Spencer, AriZona’s chief marketing officer, joined BevNET assistant editor Martin Caballero to discuss how the brand’s identity is evolving towards new categories, use occasions and consumer types. The brothers spoke about AriZona’s pivot towards premium beverage offerings, including its premium Good Brew iced tea line and the brand’s new sparkling mineral water.

Constellation Brands Makes $191 Million Investment into Marijuana

The New York-based company, which makes and markets a variety of beer, wine and spirits products, today confirmed plans to become the first major alcohol manufacturer to formally expand into the marijuana business via the purchase of a 9.9 percent stake in Canada’s Canopy Growth Corporation (WEED).