Press Clips: Soda Giants Tea Off; Resqwater Survives Coachella
Soda rivalries aside, the battle for control of the ready-to-drink tea category is beginning to brew over.
Headlines
Celsius Secures $15.95 Million Investment from High-Profile Group of Investors
The company announced the news in a press release Tuesday, with Celsius CEO Gerry David saying the strategic partnership “will broaden our reach across consumers and will further strengthen our position in both domestic and global markets.”
Celsius Secures $15.95 Million Investment from High-Profile Group of Investors
The company announced the news in a press release Tuesday, with Celsius CEO Gerry David saying the strategic partnership “will broaden our reach across consumers and will further strengthen our position in both domestic and global markets.”
Evolution Fresh Targets Conventional Grocery with New 11 oz. Line
The Starbucks-owned company recently launched a new six-SKU line of 11 oz. bottles that was designed to bolster brand presence and sales in mainstream retailers and tap into the vast well of consumers that have grown up on pasteurized super-premium juice brands like Naked and Odwalla.
Wells Fargo C-Store Survey: 2015 to be “A Banner Year” for Beverages
Surveying retailers who represent over 15,000 convenience stores nationwide, the report found dollar sales of non-alcoholic beverages in C-stores were up 6.4 percent in the first quarter of 2015.
Bai-Popping Number: DPS Investment Based on $500M Valuation
Bai CEO Ben Weiss today revealed that Dr Pepper Snapple Group’s (DPS) $15 million acquisition of a minority stake in his company was based on a half-billion dollar valuation. The deal gives DPS a 3 percent ownership position in Bai, which also recently secured a $25 million line of credit from global investment banking firm J.P. Morgan Chase.
MAB Capital Management Announces $50 Million Beverage Innovation Fund
LAB is seeking investments ranging from $3 million to $10 million in early stage beverage businesses, and will not be exclusive to the alcoholic segment.
Dr Pepper Snapple Acquires Minority Stake in Bai Brands
Eighteen months after signing a national distribution deal with Dr Pepper Snapple Group (DPS), Bai Brands, which has grown at a torrid pace in the timeframe, has sold an equity stake to the beverage titan.
Kind Warning: “Healthy” is a Regulated Term
The food and beverage industry was recently reminded that specific criteria needs to be met when using the word “healthy” on product labels. That reminder came in the form of an FDA warning letter sent to Kind LLC, the maker of Kind snack bars.
Vital Juice Ceases Operations, Founder Seeks Buyer
Edward Balassanian, the founder and CEO of Vital Juice, told BevNET that the decision to shut down was the result of several factors, one of the most significant being the remarkable pace at which the cold-pressed juice category is evolving.
Press Clips: Meet the Soda Sommelier
Kathrine Larsen, winner of the United Kingdom’s 2014 Sommelier of the Year award, is taking her tasting talents to soda.
Daily Greens Adds V.P. of Sales & Marketing
Having secured a major round of financing, launched three new product lines and expanded distribution to 1,000 stores, Daily Greens is continuing its fast pace in 2015, recently bolstering its leadership team with the appointment of Steven Gollob.
Bebida Beverage Co. Responds to FDA Warning Letter
In a press release addressed to company shareholders, BeBevCo stated that it has already submitted a response to the FDA and been granted the necessary time to perform the adjustments to ensure KOMA Unwind is in compliance.
Coca-Cola Co. Announces Return of “Share a Coke”
The 2015 Share a Coke campaign will feature four times the number of names as the 2014 edition and also encompass different package sizes, with 1.25 L and 2 L bottles, and 12 oz. cans now in the mix.