United Natural Foods, Inc. (UNFI) announced today that it will acquire grocery retailer and wholesaler SUPERVALU for $2.9 billion, including debt. Through this deal, the company said it expects to see combined net sales of more than $21 billion.
The Coca-Cola Company’s revamped diet and zero sugar soft drinks continue to bolster overall sales. On a call with investors and analysts, the beverage conglomerate announced organic revenue was up by 5 percent.
Acclaimed chef and entrepreneur Rick Bayless discusses why authenticity has been the guiding principle throughout his career and is an indispensable asset in the food business. Susie Fogelson, who for 15 years guided marketing efforts for the Food Network explains why transparency is an opportunity for brands to tell a story. Meet Jamie Meltzer, the founder of upscale fruit jerky brand Watermelon Road, who was victorious in NOSH Live’s Pitch Slam 4.
Strong numbers for energy drinks and water fueled a 5 percent increase in total snack and non-alcoholic beverage sales during a four-week period ending on July 14, according to a report on Nielsen all-channel data by Wells Fargo Securities.
PepsiCo Announces Incubator Program "The Hive”; Soda Taxes Upheld in Philadelphia, But Unlikely to Spread in Pennsylvania; Starbucks and McDonald’s to Collaborate on Sustainability
Venture capital fund AccelFoods has re-upped on its initial investment in carton water company Rethink Brands, leading a $6.7 million round announced in a press release Monday.
Private equity firm Alliance Consumer Growth, which includes beverage maker Suja in its portfolio of investments, announced this week the close of its fourth fund at $350 million.
Monster Settles Class Action Over ‘Natural’ Claims; Canada Dry Targeted in Class Action Suit Over "Made from Real Ginger" Slogan
Role Tea drastically expanded its distribution earlier this month, True Nopal Expands Distribution in Texas, Sunshine Beverages Grows in the Carolinas and Petal Launches on Amazon.
The flavored water maker announced the grand opening of its first brick-and-mortar retail store this week, located at 2124 Union Street in the Cow Hollow/Marina district of San Francisco across from the company’s HQ.
Convenience stores enjoyed a robust 4.2 percent estimated increase in non-alcoholic beverage sales in Q2, according to a survey of approximately 25,000 c-store retailers conducted by Wells Fargo Securities.
Shakeups at three major coffee players: Peet's announces former Wrigley president as CEO; Dunkin' Brands promotes Hoffman to chief executive position; Starbucks CFO announces retirement.
Banza co-founder/CEO Brian Rudolph on why mentors, cold calling were key to his fast-growing brand. Measuring the impact of influencers and unconventional marketing strategy with MatchaBar co-founder/CEO Graham Fortgang. Meet the founders of Simply Soupreme, Jackie Greene & Taylor Rossi, who were victorious in BevNET Live’s New Beverage Showdown 15.
The New York-based matcha brand announced today the completion of an $8 million Series A round led by a slate of celebrity investors including DJ/producer Diplo (born Thomas Wesley Pentz), Denver Broncos linebacker Von Miller, actor Ansel Elgort and singer Billie Eilish.
