News

Karma Covers New England, Expands Retail Authorizations

Following recent distribution agreements with Polar and De Crescente, Karma Wellness Water has gained an even larger foothold in the Northeast as the company announced new ties with several distributors in Maine, New Hampshire, and Vermont. Karma, a cap-activated enhanced water, is also now authorized for sale in a number of retailers in the New England region including Roche Brothers and Market Basket.

Michael Springsteen Joins Virginia Dare

Brooklyn, N.Y. — Howard Smith, Jr., President of Virginia Dare Extract Company, is pleased to announce the appointment of Michael “Mike” Springsteen to the position of Vice President – Research…

NY Post: Pepsi Will Lay Off 1,000 Employees to Fund New Marketing Initiatives

After a year in which Diet Coke surged past Pepsi as the third bestselling soft drink in the U.S., PepsiCo will dramatically increase the size of its marketing budget in 2012 and lay off more than 1,000 employees – included some at its Purchase, N.Y. headquarters - to partially offset the costs, according to The New York Post. While PepsiCo declined to comment on the matter, The Post cited three sources who confirmed the details of the plan.

Dr Pepper Snapple to Raise Prices Modestly in 2012

Expecting an eventual ease in the cost of commodities, Dr Pepper Snapple will increase prices modestly in 2012, according to the Wall Street Journal. Dr Pepper President and CEO Larry Young anticipates that the company will raise prices by 1.5 to 2 percent next year and believes that the rising swell in the cost of commodities will subside.

Entrepreneurs, Authenticity, and Full Room Capacity: BevNET Live in Santa Monica

Monster Energy sees itself as a lifestyle company. Red Bull is a media empire. As for high-end CSD Izze, Co-founder Todd Woloson said that he saw it as something like an onion. Those ideas about branding – and many other off-beat ideas that are necessary to distinguish beverage companies in highly competitive times – came alive during the BevNET Live Winter event that concluded on Tuesday in Santa Monica.

NYSW Beverage Brands Names Amir Daibes President

NEW YORK (December 8, 2011) – Amir J. Daibes, P.E., the new president and part owner of NYSW Beverage Brands, Inc., (NYSWBB) is off and running with a bold, innovative…

Morgan Stanley Report: Energy Drinks and RTD Teas Perform Well in Year-Over-Year Comparison

Though carbonated soft drinks face weakened demand and declining sales as a result of higher prices, sales of energy drinks and ready-to-drink teas remain on a hot pace, according to a recent report from Morgan Stanley. Utilizing Nielsen scanner data results, the investment bank detailed a year-over-year comparison in which category sales of energy drinks and RTD teas leapt by 12.5 and 4.5 percent, respectively, while sales of CSDs declined by 0.8 percent over a four-week period ending on November 26.

FDA Must Determine Safety of BPA by March 2012

In a court settlement that may have wide-ranging implications for the beverage industry, the FDA agreed yesterday to decide whether to ban BPA, a controversial plastic and resin ingredient commonly used to line plastic bottles and metal cans. The settlement resolves a lawsuit filed against the agency by the Natural Re­sources Defense Council, and requires the FDA to make a final decision on BPA by March 31, 2012.