Headlines

Starbucks CEO Howard Schultz announced Thursday he will step down from the position effective in April.

The Ft. Lauderdale, Fla.-based company, which includes the highly popular sparkling water brand La Croix in its brand portfolio, saw revenue increase from $364 million to $420 million over the first half of FY2017

The deal represents a major expansion for the Los Angeles-based brand, bringing Cactus Water’s total distribution to roughly 2,000 stores in the U.S. and Canada, according to Caliwater co-founder Matt McKee.

In an interview with BevNET, Jerry Reda, the COO of Big Geyser, said his belief in the management and marketing team at Minnesota-based food conglomerate Hormel Foods, which acquired Muscle Milk parent company CytoSport Holdings in 2014 for approximately $450 million, was a key component of the deal.

In this week's edition of Press Clips: Tiger Woods gets Monster money. Coke's small play pays. Jones Soda gets gamer specific. Club Yerba Mate? Coffee, vinegars and functional drinks star at PLMA.

It wasn’t a sale, it was an adoption, said the Bai CEO of the $1.7 billion DPSG deal.

Chris Hunter made his name with the caffeinated "energy beer" Four Loko. Now he's getting fit with Koia, a plant-based energy drink available exclusively in Whole Foods.

In an investor call held this morning, DPS president and CEO Larry Young said that the company is “excited to see this team continue the breakthrough and disruptive innovation providing consumers with great-tasting and low-calorie beverages” and hailed the acquisition of Bai as one that “makes a tremendous amount of sense for us.”

Sources close to the deal have put the purchase price at between $200 and $300 million.

Tio Gazpacho will collaborate with Andrés, a culinary innovator often credited with the Spanish tapas boom in the U.S and whose company owns 25 restaurants in the U.S. and Mexico, on new marketing, retail and sourcing initiatives for the brand.

Less than 12 months after scaling up operations by moving into a 1,600 square foot facility, Confluence, makers of canned nitro-infused cold brew coffees, will be adding nearly five times the space when they relocate to a new 10,450 square foot warehouse in mid-December.

Dean Foods has partnered with farmer cooperative CROPP to distribute Organic Valley milk across the U.S., marking the company's entrance into organic dairy products.