The dairy producer announced today it will use the bankruptcy process to “protect and support” ongoing business operations and address debt and pension obligations. Dean Foods has secured $850 million in debtor-in-possession financing from existing lenders to support continued operations ahead of an eventual sale.
T.K. Pillan, the co-founder of vegan restaurant chain Veggie Grill, discussed his transition from tech to food and the “light bulbs” that led to the creation of the company. He also discussed why it’s critical for co-founders to be aligned on vision and values, what it means to be “a good investor” and the evolution of plant-based food brands.
OWYN Names Mark Olivieri President; Sweet Reasons Brings On Industry Vets; American Beverage Association Announces New Board Members; New Age Names Julie Garlikov as CMO; Rob Paladino Joins Sol-ti as President; David Kroll Exits COCO5
Fitness energy drink brand Celsius saw domestic growth boost overall revenue 23% during the third quarter, according to financial results released by the company last week.
Los Angeles-based private equity firm Butterfly last week announced its acquisition of a majority stake in “clean” protein brand Orgain. The deal is Butterfly’s fifth investment and second in beverage, following the purchase of fresh juice focused Bolthouse Farms earlier this year.
Despite declines in its North American business, Monster Energy Corp. saw net sales grow by double digits during the third quarter, the company announced in an earnings report yesterday. Speaking with investors during an earnings call, Monster vice chairman and president Hilton Schlosberg reported that net sales grew 11.6% to $1.13 billion, up from $1.02 billion in the third quarter of last year.
James McMaster, the CEO of Huel, a fast-growing brand of nutritionally complete meal replacement powders and RTD beverages, spoke about how the company manages sales and distribution in 80 countries, the challenges that come with rapid expansion and why formal referral programs are central to its consumer acquisition strategy.
In this gallery, we highlight a handful of notable new spirits releases in the categories, including two Extra Añejo tequilas (including PATRON's limited edition, oldest-ever release), Bently Heritage's take on new world gin and the debut of zero-alcohol Monday Gin.
The Coca-Cola Company today announced the launch of sparkling water brand AHA, signaling its intention to seriously compete in the rapidly growing zero-calorie sparkling water category.
Although underlying net sales beat analysts’ projections, Keurig Dr Pepper (KDP) is still facing post-merger headwinds from its allied brands portfolio, the company announced in its third quarter earnings report today.
As plastic water bottle sales decrease amidst concerns over carbon and plastic waste, beverage giants are turning to other ways to profit from water, Bloomberg reported.
Paul Tecker is the founder of H2OPS, a beverage brand crafting sparkling water brewed with hops. The zero calorie non-alcoholic beverage aims to serve beer drinkers who want to enjoy hops on more occasions, as well as millennials that are looking to reduce their alcohol consumption.
David Nussbaum, the chairman and CEO of America’s Test Kitchen, spoke about how the venerable cooking brand has maintained a remarkably loyal following amid a changing landscape for food and media, how it evaluates its role as a thought leader, and how trends, competition and technology factor into its future. This episode is presented by Flavorman, the beverage architects.
Plant-based dairy maker Mooala announced today it has raised $8.3 million in a Series A financing round led by Sweat Equities. The round brings the three-year-old brand’s total funding to more than $13 million. The round also includes additional financing from M3 Ventures, which led Mooala’s $5 million seed round last year.
