News

Reed’s: Net Sales +7%, Losses Down As Break-even Point In Sight

Reed’s, Inc. ended FY 2022 on an optimistic note, announcing a 7% increase in full year net sales to $53 million and a reduction in operating losses. Speaking on the company’s quarterly earnings call earlier this week, CEO Norman Snyder reiterated guidance that the company will achieve break-even cash flow in the second half of the year with gross margins above 30% and double-digit sales growth.

Taste Radio: Fleeting Fads, Lasting Trends And The Wisdom Of Seth Goldman

This week, the hosts discussed the relevance and sustainability of consumer trends and how to identify fads versus enduring concepts, extolled the virtues of Taste Radio VIP and highlighted two upcoming can’t-miss industry events. This episode also features an interview with Honest Tea/Eat The Change co-founder Seth Goldman, who discussed lessons learned from 25 years as an entrepreneur.

Report: Feds Open Investigation into Southern Glazer’s, Alcohol Pricing

The Federal Trade Commission (FTC) has begun an antitrust investigation into Southern Glazer’s Wine and Spirits, reviewing how the nation’s largest alcoholic beverage distributor may have favorably priced wine and liquor that advantaged larger retailers, according to Politico, citing three anonymous sources “with knowledge of the probe.”

On the Rocks Premium Cocktails Launches RTD Midori Sour

OTR Premium Cocktails, the ready-to-serve cocktail brand developed by award-winning mixologists, has released the first-ever Midori Sour offered in a ready-to-drink format. OTR's latest bar-quality cocktail combines premium Midori Liqueur and pure creativity crafted into an upscale, ready-to-serve bottle.

Wildpack Receives $20M Loan to Fuel 2023 Growth Strategy

Publicly traded canning company Wildpack Beverage announced this week it has entered an agreement to receive a $20 million 12-month secured loan from Manna Capital Partners, which will go towards scaling operations across its six U.S. manufacturing plants. The deal is expected to close on April 10.

Jack & Coke RTD Hitting Stores Nationwide

After launching in Mexico last fall, Jack Daniel’s & Coca-Cola ready-to-drink (RTD) canned cocktails have rolled out in the U.S. The 7% ABV spirits-based RTD, the result of a partnership between Coca-Cola and Jack Daniel’s parent company Brown-Forman, is inspired by the ubiquitous “Jack & Coke” bar call and combines two of the world’s most recognizable beverage brands in one package.

Black-Owned Spirits Brand DuBlase Expands With Launch of New Bourbon

DuBlasé is pleased to announce it is expanding its spirits line with a new straight bourbon whiskey labeled No. 9, which is the brand’s first multi-grained product, and the first of its signature series, offering a bold flavor profile with notes of dried fruit and rich spices for a uniquely classic finish.