Betting On Texas Spirits, Patrón Founder Acquires Waterloo Gin
Billionaire spirits empresario John Paul DeJoria is expanding his portfolio announcing today the purchase of Waterloo Gin for an undisclosed sum.
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![Danone Makes $283M Offer to Purchase Lifeway Foods [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2024/09/24142157/bevnet_danone_lifeway_thumbnail-150x150.jpg)
Danone Makes $283M Offer to Purchase Lifeway Foods [Updated]
Danone SA is making a move to acquire leading kefir manufacturer Lifeway Foods, offering $283 million, or $25 per share, for the publicly traded company, according to a Schedule 13D form filed yesterday with the U.S. Securities and Exchange Commission.
Taste Radio: How Did Cometeer Raise $100M In VC Funding? They Gave Investors A Taste Of Something Great.
Matt Roberts, the founder of groundbreaking instant coffee brand Comeeter Coffee, talks about how he disrupted the category by delivering a high quality drinking experience and how his constant desire to learn more has helped him become a better leader.
Tilray Rolling Out Hemp-Derived Delta-9 THC Beverages Next Month
Tilray Brands will launch several hemp-derived Delta-9 THC beverages in “key markets across the U.S.” starting in October, the company announced today.
Insider Daily Briefing: Why Cannabevs Keep Chugging Despite Challenges
Daily BevNET readers are likely aware of the regulatory setbacks that have hit big cannabis markets like California and New Jersey in recent weeks, but despite those challenges more cannabis industry players are flocking to the opportunity.
Non-Alc Michelob Ultra Zero to Launch in January 2025
Anheuser-Busch InBev (A-B) is tapping into the equity of one of its biggest brands for its next adult non-alcoholic (NA) beer play: Michelob Ultra Zero.
New Products: Peet’s First Concentrated Espresso, Plus Gatorade, Humm, Stash Tea & More
In this week’s new products roundup, Peet’s Coffee unveils its first-ever concentrated espresso, Stash Tea makes its first foray into lattes and prebiotic soda brand Poppi joins forces with Post Malone.
CGA: D.C. Tops Nevada In Cocktail Consumption, Hotel Guests Going NA
With the election looming, is it too much of a surprise that Washington, D.C. has overtaken Nevada as the number one U.S. location for cocktail consumption? That’s according to new data from NIQ-owned on-premise data firm CGA.
Taste Radio: A Tiny Bit Better Doesn’t Cut It… We See You Lunchly
When worlds collide, do consumers benefit? The hosts weigh in on Lunchly, the much hyped new Lunchables competitor launched by uber influencers and entrepreneurs Mr. Beast, Logan Paul and KSI. They also highlight unusual collaborations between fashion and consumer brands, and reach for healthy soups and shots.
American Canning Halts aTULC Can Production After Supplier “Unexpectedly” Retreats
In a move set to impact “thousands of customers,” American Canning today halted operations at its Aluminum Toyo Ultimate Can (aTULC) manufacturing plant in Texas, abruptly ending an innovative first-in-the-nation packaging partnership that had attracted significant interest from ready-to-drink cocktail and energy drink makers.
NIQ: Total Bev-Alc Sales Declines Ease Through Labor Day Weekend
The latest data set from NIQ showed a modest improvement in sales declines for total BevAlc in the two-week period before September 7, which included a tepid labor day weekend, according to analysis from Goldman Sachs Equity Research.
Low-ABV Brands Aim To Prove They’re More Than ‘Diet’ Wine
Low-ABV wine is trying to thread the needle between non-alc and moderating consumers by offering a product that assuages the health concerns of alcohol consumption while maintaining the flavor and experience of traditional wine.
What’s New in the Sports Drinks Category – SPINS September 2024 Report
Sports drinks are seeing 5% increase in sales. The adjacent hydration & electrolytes category is seeing strong growth but is still a much smaller category overall.
NielsenIQ: Volume Improvement Fuels “Moderate” Sales Growth
Non-alcoholic beverage sales “modestly accelerated” in the latest two-week period ending September 7, with those sales increases driven by improved volumes amid stable pricing growth.