PepsiCo: Revenue Momentum Continues in Q3
PepsiCo beat analysts’ expectations in posting 4.3% organic sales growth in the third quarter of this year, according to financial results released by the company on Thursday.
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Taste Radio Insider Ep. 54: The ‘Better’ Way to Rethink Brand Strategy
In this episode, we’re joined by Ashleigh and Trey Lockerbie, the co-founders of organic kombucha brand Better Booch, who joined us for a conversation about the good, the bad and the ugly of a brand revamp. As part of our conversation, they discussed how the process helped shape the strategy that now serves as the foundation for the company’s future.
Harbinger Ventures Closes Second Fund
Over the past three years the firm, which invests in early-stage companies that are led by female or “mixed-gender” founder teams, has seen interest in its investment thesis grow exponentially. Perhaps the best indication of the changing sentiment: this week the firm announced the close of its second fund, worth $21.7 million -- roughly 12 times larger than its first fund.
Celsius Adds BCAA Line, Acquires Distributor
Fitness energy drink brand Celsius is entering the final months of 2019 with a flurry of activity, including introducing a new recovery beverage, launching a nationwide marketing tour and acquiring one of its European distributors.
Tea Time: Yogi Tea Acquires Choice Organic
Yogi Tea CEO Giancarlo Marcaccini sees a bright future for mellow moments. Owned by East West Tea Company, Yogi last week announced its acquisition of Choice Organic Teas.
Distribution Roundup: JUST Water Goes Chainwide in Target
JUST Water Goes Chainwide in Target; Daytrip Expands in New York and New Jersey; Bimble Partners with Gotham Brands; Olipop Launches Ecommerce; Hoist Adds New Retailers, Tests Launches in Hy-Vee and Target; SOS Hydration Goes Chainwide in CVS; Hellowater Adds Target; Brio! Adds Whole Foods
Elevator Talk: Shot X Aims to Detox Your Liver
Yash Kankaria is the Chief Growth Office for Shot X, a company aiming to help consumers live healthier lifestyles through daily supplement shots. The brand’s first product is a shot made with curcumin, the active ingredient extracted from turmeric root, which Kankaria states helps destroy toxins in the liver.
Andy Malloy Named Picnik CEO
Andy Malloy, the former CEO of sweets maker Hail Merry, has joined butter coffee brand Picnik as CEO, the company told BevNET this week. Malloy replaces Picnik’s founder, Naomi Seifter, who stepped down as the brand’s chief executive in September.
Taste Radio Ep. 182: ‘The Key To This Game Is Surrounding Yourself With People You Really Trust’
Greg Vetter, the co-founder/CEO of organic dressing brand Tessemae’s, spoke about the huge wins and unexpected losses from his first decade in business. He also explained why his “positively intense” approach is not for everyone, the dangers of bad employees and advisors, and why he believes that “the key to this game is surrounding yourself with people that you really trust.”
Coke Energy Set for U.S. Launch in January
The Coca Cola Company today announced January 2020 as the U.S. launch date for its first energy drink, Coca Cola Energy.
Reed’s: Stalowir Exits, Bello Steps in as Interim CEO
Carbonated soft drink maker Reed’s Inc. today announced the appointment of John Bello, the company’s current chairman of the board, as interim CEO following the sudden departure of Val Stalowir, according to a press release.
Gallery: September’s New Product Launches
In this gallery, we highlight some of the notable new product releases from September, including the latest from Vital Proteins, Soylent and AriZona, as well as several new CBD offerings.
B’More Organic Shuts Down
The Baltimore-based brand, launched in 2011, marketed a line of drinkable skyr -- a traditional protein-rich Icelandic yogurt -- in six flavors: banana, strawberry, mango banana, caffe latte, vanilla and coconut. A certified B Corporation, the brand donated 1% of sales to Jodi’s Climb for Hope, which raises money for breast cancer and MS research.
People Moves: Chris Campbell Joins AccelFoods
Chris Campbell Joins AccelFoods; Sol-ti Appoints James Murray as COO; Jamie Schapiro Leaves Granny Squibb’s; Llanllyr SOURCE Preps Relaunch with New Board Appointees; Nestlé Waters North America Names Vivek Bedi as CFO