Golazo founder and CEO Richard Tait said that despite continued growth of the brand in natural and conventional grocery channels as well as a loyal customer base, the company hadn’t reached profitability and was unable to secure the capital necessary to “take it to the next level.”
Having extended Hiball into caffeinated coconut water, cold brew coffee and protein drinks, Berardi is set to launch a new line of caffeine-free refreshment drinks as well.
The circumstances surrounding LaCroix, one of the most successful growth stories in the sparkling water category, have come to a boil as legal issues and employee turnover surfaced this week.
The further use of coconut as an ingredient (beyond just its juice) was one recurring trend that could be seen across a handful of brands and categories, from established leaders to first-time exhibitors.
In the following gallery, culled from our social media coverage of the Fancy Food Show, we offer a comprehensive look at new products and brand updates from beverage companies exhibiting at the event.
While financial details of the partnership were not disclosed, a source familiar with the deal likened Spieth’s starpower to Lebron James, Jennifer Aniston and Taylor Swift, all of whom serve as brand ambassadors for other Coca-Cola products.
Earlier this week Hensley & Co., an Anheuser Busch InBev distributorship based in Tucson, Ariz., announced that it has acquired Golden Eagle Distributors, and along with it the beer wholesaler’s non-alcoholic-focused Spike Beverage DSD unit.
The deal, announced via press release Thursday, will see Brynwood Partners acquire Sunny Delight’s three beverage brands - Sunny D, Fruit2O and Veryfine - and the company’s four production facilities, located across the United States.
In a post published on her personal blog, Lawless wrote that “There were things that I loved at the beginning of the company that became lost.”
Sipp Sparkling Organics today announced that, beginning in March, four of the brand’s varieties will be carried by 1,200 Target stores across the U.S.
Voss CEO Jack Belsito discussed the investment in a call with BevNET Monday evening, saying that the company had begun scouting potential strategic investors about a year ago, eventually connecting with Reignwood Group via Goldman Sachs, which served as an advisor to Voss throughout the process.
The latest gains in distribution further Essentia’s pursuit of becoming a mainstream player within the greater premium bottled water segment -- one that continues to thrive amidst the decline in consumption of carbonated soft drinks.
Beyond hopefully impacting the way consumers’ shop, the guidelines can have dramatic impacts on programs funded by federal dollars, which must now conform to the set standards.
The round also included investments from Arif Fazal’s Blueberry Ventures, equity crowdfunding platform CircleUp and personal investments from former Boulder Brands executives Duane Primozich and Carole Buyers.
