News

Global Spirits Names Steve Ackerman as National Sales Director

A veteran of the beverage alcohol industry, Ackerman has over 25 years of leadership experience with well-respected companies including Allied Domecq, William Grant & Sons, Inc., and most recently as vice-president, national sales manager of Van Gogh Imports.

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.

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.

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.

Sam Lteif Named CEO of Juice Tyme and Lemon-X

The companies are being combined by their joint owner, Dallas-based Highlander Partners, following Highlander's acquisition of Lemon-X in March.