Bringing in one of the world’s biggest box office stars as the new face of premium imported water is not exactly a subtle move. But for Voss, a brand seeking to reassert itself after a transitional period in senior leadership, subtlety was not an option.
Premium, imported bottled water brand Icelandic Glacial announced today that it has raised $66 million in new financing to fuel U.S. and international growth. The funding includes a $35 million investment from BlackRock’s US Private Credit team, as well as $31 million in new equity issued to new and existing investors.
Eric Bonin is the founder and CEO of Pillars Yogurt, a company focused on delivering all-natural and low sugar greek yogurt options in a convenient drinkable format. The products contain both prebiotics and probiotics, a differentiator in the yogurt set.
CBD-infused drink mix maker OLEO, Inc. announced today it has raised $1.5 million in a convertible note round. Speaking to BevNET, OLEO co-founder and CEO Skyler Bissell said the financing served as a “bridge round” between its 2016 series seed and a yet-to-be-determined future funding round.
Teddie Natural Peanut Butter president/CEO Mark Hintlian explained why the company’s obsessive commitment to quality and dedication to its employees have been bedrocks of its success. He also spoke about how Teddie communicates the nutritional benefits of its products and why he believes that some competing brands marketing “natural” products are misleading consumers.
Good Day launched its first product this month, a ready-to-drink, organic, shelf-stable cold brew coffee infused with 15 mg of hemp-derived CBD. The line is the first of three beverages, the others being a sparkling water and chamomile tea, each scheduled to launch this fall.
Earlier this week, Inc. released the 2019 edition of the Inc. 5000 list — a ranking of the fastest-growing privately held companies in the U.S. Alongside marketing firms, healthcare management, financial services and other service providers, this year’s list featured dozens of natural food and beverage companies, showing the industry’s increasing impact on the American economy.
Misfit Foods co-founder Ann Yang opened up about how the stress of entrepreneurship led to unhappiness and depression, and, ultimately, her decision to leave the company. She also explained how therapy has become a critical part of her life, her belief that we live in a culture that “mythologizes who the entrepreneur is,” and the resulting pressure to build “a personal brand.”
“Less isn’t more. It’s right.” That’s the motto of Five Drinks Co., the new high-end, ready-to-drink canned cocktail venture co-founded by former Anheuser-Busch InBev executive Felipe Szpigel. The tagline is apt given that Five Drinks’ offerings are made with five ingredients or less and packaged in 6.8 oz. cans.
Texas-based Richard's Rainwater is doubling down on its belief that its unique sustainability message can help forge new paths forward in retail. Since 2002, the brand has been bottling and distributing purified rainwater in both still and sparkling varieties, the first company in the U.S. to receive approval to do so.
While customer demand for Reed’s products has grown, the company was hit by supply chain shortages during the second quarter of 2019 which resulted in an underwhelming growth report and delays on new product launches.
Kris Ravenscroft is the co-founder and CEO of Beauty Gourmet, a company that creates sparkling wellness teas for women. The company's first product line is Glitter Tea, which is sparkling tea that contains ayurvedic ingredients like Amla extract, adaptogens and antioxidants.
Grillo’s Pickles founder/CEO Travis Grillo spoke about why he pursued his passion despite the naysayers and explained why he fondly recalls the days when he was struggling and broke. He also discussed the unconventional way that Grillo’s got into Whole Foods, how he considers new hires and investment and why he’s just as likely to take advice from a homeless person as he would from a billionaire.
The massive success of carbonated waters, led by brands like LaCroix, Sparkling Ice and Bubly, has not gone unnoticed by the broader beverage space. Brands in categories such as coffee, coconut water and now tea have all sought to inject fizzy innovations into their respective products.
