Ever since Diageo’s acquisition of Casamigos made George Clooney a billionaire overnight, there’s been a race to the shelf from celebrity-backed brands. But with the wider spirits downturn, how have these business models evolved and where do they have an edge, if at all?
Former Health-Ade CFO Gary Cooperman has been appointed to Pressed Juicery's leadership team in a split role as CFO and COO where he is focusing on expanding the brand's retail presence.
Growth equity investment firm Alliance Consumer Growth (ACG) announced today it has closed on a new, $160 million fund, the company’s fifth. The new fund brings ACG’s lifetime financing to over $1 billion in aggregate capital commitments, the firm said.
Joe Tea is is testing out its new canned format in three-SKUs as the company diversifies its distribution options into DTC, ecommerce and on-premise locations where glass bottles are prohibited.
Get ready for our July Community Calls! This month, dive into GNGR Labs’ hands-on growth strategies, find out how to dial in product market fit for a successful product launch, and join us as we reveal the 2024 Nosh Notables list.
Spirit of Gallo is adding mezcal into its expanding super premium portfolio, while returning to top-end rum with an investment in Ron del Barrilito.
Simon Ford, the co-founder of revered spirit brand Fords Gin, explains why he “never pitches business,” the reasons behind successful and unsuccessful relationships, his belief that naivety is a gift and how he cultivated a strategic partnership with beverage alcohol giant Brown-Forman.
Fast-rising non-alcoholic beer maker Athletic Brewing Company has closed a $50 million “equity financing round” led by private equity firm General Atlantic, with several key investors from previous fundraising rounds also participating.
In this video, Bar Malik and BevNET managing editor Martín Caballero discuss how Malik’s unique background as director of performance for the New York Knicks informed his approach to launching a hydration brand and how authenticity was the key to winning “Wemby.”
In this discussion from BevNET Live Summer 2024, Andrew Mavis, founder and CEO of college-based influencer platform 98Strong, and Slate Milk co-founder Manny Lubin examine how the personal and localized appeal of college and university athletes can utilized by brands for regional launches.
The hosts reflect and ruminate on Lionel Messi’s Prime-killer, “condiment couture,” Boisson-bashing and sausage salvation. They also get vitaminwater vibes from a brand’s recent revamp and highlight a handful of new beverages, including a sparkling tea and a decaf espresso martini.
There were many ways entertainment venues aimed to keep the lights on during the pandemic— for a Hamptons bar that regularly hosted musical acts, creating a ready-to-drink (RTD) cocktail was one solution. They just had to pass an alcoholic beverage control law first.
At 11 years old, with a presence in over 600 cities and with nearly $2 billion in annual revenue, Gopuff has done for the convenience store what Instacart achieved in grocery and GrubHub accomplished for restaurants. But over a decade in, how does the company think about the beverage category?
In this video from BevNET Live Summer 2024, Lowes Foods SVP of merchandising Glenn Figenholtz walks through the chain’s experiential approach to grocery shopping that includes bells, beer dens and the Chicken Dance.
