In this episode, we sat down with Shilen Patel, the co-founder of Distill Ventures (DV), a U.K.-based venture capital firm and accelerator that invests in disruptive distilled spirit companies and non-alcoholic drink brands. Patel explained why he’s bullish about the future of low- and no-alcohol adult beverages, and why quality is of paramount importance to DV’s investment philosophy.
In this gallery, we take a look at some of the new whiskey releases from the past weeks and months, with highlights including Bardstown Bourbon's collaboration with Goodwood Brewing, the latest limited release from Freddie Noe and the newest expression from Glen Moray.
Seeking to expand its sales and marketing team, sparkling yerba mate drink maker CLEAN Cause announced today it has raised $7 million in a series A round. Speaking with BevNET, CLEAN Cause founder and CEO Wes Hurt said the round was entirely financed by private individuals from the Austin, Texas area, where the nearly five-year-old brand is based.
Adam Louras Steps Down as Iris Nova COO to Launch Consulting Agency; Matt Kahn Leaves CELSIUS; Death Wish Coffee Appoints COO; Dunkin’ Brands CMO Steps Down; Zing Zang Names Brent Albertson as CEO
Coconut water brand Vita Coco unveiled a packaging makeover last week, the first major visual update for the 15 year-old brand intended to reflect its continued evolution while maintaining its established identity.
Having helped to build the category at retail, Stumptown Coffee Roasters is deepening its commitment to cold brew with the launch of a new line, made with oat milk from Swedish brand Oatly, next month.
Jeffrey Hollender, co-founder of pioneering natural products brand Seventh Generation, spoke about the company’s ambitious mission and how the company found its footing after years of stagnation. He also discussed the ways in which he supports socially responsible companies and why he urges entrepreneurs to address systemic environmental problems.
A Massachusetts court has ruled “fire cider” is a generic term that cannot be trademarked, potentially ending a yearslong legal battle between herbal brand owners and tonic maker Shire City Herbals; New Class Action Targets Brew Dr.’s Probiotic Count; Court Rules in Favor of 5-Hour Energy in Costco Case
The Coca-Cola Company beat analysts’ expectations in the third quarter of 2019, posting a 5% increase in organic sales growth and an 8% rise in net revenue to $9.5 billion, according to a quarterly earnings report released today. Among CSDs, the company’s core Coke line grew volumes 3% and retail value was up 6%. Coke Zero Sugar reported robust 14% volume growth globally.
In this episode, Jason Shiver, the CEO of fast-growing sparkling water brand Waterloo, discussed his strategy for winning in a crowded and highly competitive category. Shiver spoke about how he’s applied past lessons to his current role, the challenges of managing rapid growth and how he establishes and communicates metrics for success.
After investing close to $100 million over the past few years, the Reum brothers aren’t going to have to look for partners on an investment-by-investment bases anymore. Their investment firm, M13, has raised $175 million for a second fund, this time with capital committed from a pool of limited partners.
Plant-based food and beverage brand Forager Project announced this week that it has received a minority investment from Danone Manifesto Ventures. Terms of the deal were not disclosed. Speaking to BevNET today, Forager Project founder and CEO Stephen Williamson said the company had to-date been mainly self-funded with some outside investment by individuals.
Nestlé has announced plans to refresh its bottled water division due to increasing competition and high costs, according to the Wall Street Journal. The reorganization would see Nestlé, which owns bottled water brands including Poland Spring, S. Pellegrino, Pure Life and Perrier, shift from a globally to a locally managed business.
LA Distributing Company Announces Brand Incubator Program; Omni Partners with Presence Marketing to Provide Ecommerce Services; CELSIUS Adds 1,100 Kroger Locations; Nutpods Adds Target and Walmart; Phocus Expands in Texas
