Six beverage startups emerged from a field of 12 contestants to secure a spot in tomorrow’s final round of New Beverage Showdown 28 at BevNET Live Winter 2024, presented by Coca-Cola North America New Revenue Streams.
BevNET Live Day One brought discussions on the true meaning of category disrupting innovations, a temperature check on the investment and M&A market, a lesson for emerging brands on how to utilize TikTok Shop and more.
At the conclusion of each year, BevNET honors the companies, brands, individuals, products, ideas and trends that have helped drive positive growth across the industry over the last 12 months. The winners of BevNET’s Best of 2024 Awards embody that spirit and drive, combining inspiration with effort, style, dynamism and personality.
BevNET Live Winter 2024 kicked off with a spirits-themed Sunday afternoon featuring panels on the state of the RTD cocktail category and a new victor in BevNET’s annual Cocktail Showdown.
Premium cocktail mixer brand Q Mixers has named Betsy Frost as its new CEO, taking over the role from outgoing chief executive Bob Arnold.
Brown-Forman, the leading exporter of U.S. spirits to the world, beat analysts’ expectations in its latest quarterly earnings report, thanks to a jump in demand from its more premium whiskies. But the president and CEO of the Jack Daniels Whiskey maker cautioned that with potential tariffs looming it was facing “so many potential scenarios and unknowns.”
Alex Cooper, host and creator of Call Her Daddy, is jumping into beverages with the launch of Unwell Hydration, a functional drinks line made in collaboration with Nestlé.
The craft spirit veterans behind Adult Non-Alc (ANA) spirit brand Wilderton are taking the bittersweet lessons learned since debuting four years ago and channeling them into a new identity: Wilderton Aperitivo Co.
Under the auspices of a new business division, called FutureBev, Future Beverage Group has acquired a 100,000 square foot facility in Ventura, Calif. in which it plans to manufacture its canned products as well as co-pack for others when it goes online in January.
Spindrift is in advanced talks to be acquired by a private equity firm for a price north of $650 million, according to a report in The Wall Street Journal.
Hawaiian beverage brand Shaka Tea is shutting down, according to a message the company posted to its website and sent out to email list subscribers this afternoon.
Cannabis products maker oHHo is giving back via a new partnership with international healthcare non-profit (RED), the first time the charity has partnered with a cannabis brand, via a new line of co-branded THC drinks and edibles which will contribute to the charity.
Constellation Brands has reached an agreement with spirits giant Sazerac to offload its Svedka Vodka brand, the company announced today.
In Japan, some of the country’s oldest sake brewers are eagerly awaiting a decision next month on their bid for the rice wine to win recognition as a UNESCO Intangible Cultural Heritage, a commendation reflecting the depth to which the beverage is tied to national pride and tradition. Other ambitious brewers, meanwhile, are just as eager to buck tradition altogether.
