Headlines

Sunday’s Finest ‘Gold Fashioned’ Brings Luxury to RTD Cocktail Space

In the spirits space there’s premium, and then there’s premium. Now, as the alcohol industry embraces RTD formats, pre-mixed cocktails are receiving the luxury treatment. The Gold Fashioned is available online and in select retail locations and sells for $150 per 750 mL bottle. Each bottle also comes packaged in a blue and gold box featuring details about the sourcing of each ingredient.

BioSteel’s Fast Growth Draws Comparison to “Early Stage BodyArmor”

One year after the launch of its RTD sports drink line, BioSteel is drawing comparisons to one the category’s major players -- and not just because of its name. Last month, a report from Goldman Sachs Equity Research praised the Toronto-based company, calling it an “emerging disruptor in the sports drink category” that “reminds us of an early stage BodyArmor.”

Gopuff Expands to New York City

E-commerce convenience delivery platform Gopuff launched in New York City this week, with the promise of delivery to New Yorkers in 30 minutes.

Amazon: 100K New Brands Have Joined in 2021

Amazon has welcomed more than 100,000 brands to its U.S. store so far this year, and the company has introduced a suite of new services and user tools aimed at helping those brands gain customers and increase profits. The online retailer made the announcement yesterday at its annual Accelerate 2021 sellers conference in Seattle, where it also revealed that sales by brands are up 60% year-over-year through the end of June.

People Moves: Eternal Water Taps Essentia Talent; Jones Soda Names New CMO

In this People Moves roundup: Eternal Water taps Essentia talent, Jones Soda names new CMO amid push towards cannabis, Lemon Perfect brings on PepsiCo Water+ alum as CMO, Jennifer Yu in as Diageo’s VP of Brands and Culture and New Wave Soda Brings on J.W. Fischer as Sales VP.

Vita Coco Opens Trading on NASDAQ

The Vita Coco Company officially became a publicly traded company today when it was listed on the NASDAQ Global Select Market exchange under the letters COCO.

Wild Bill’s Aims To Get Consumers Back On The Soda Bandwagon

Craft soda maker Wild Bill’s is adding some new innovations to its wagon through a business model expansion and growing product portfolio which includes seasonal soda launches, a low sugar line, and a variety of new snacks and sauces.

X2 Performance Partners with AB ONE to Grow DSD Network

Clean energy drink brand X2 Performance announced today it has partnered with Anheuser-Busch InBev’s AB ONE distribution network to expand its presence in the California market. Based in New Jersey, X2 makes a line of NSF Certified for Sport energy drinks containing antioxidants and electrolytes.

Nielsen: Non-Alc Beverage Sales Growth Stays Strong

All channel beverage sales have remained strong this month, despite an ongoing volume shift towards the on-premise channel. According to an analysis by Goldman Sachs Equity Research of Nielsen sales data for the period ending October 9, non-alcoholic drinks were up 12.9% in the two-week period while total dollar sales grew 22.6% in the period on a two-year stacked basis.

La Colombe, Whole Foods Partnership Grows With In-Store Cafe Concept

Coffee roaster and retailer La Colombe is expanding its partnership with Whole Foods Market this fall, which will include the opening of two La Colombe-owned and operated “Friends of Whole Foods Market” flagship locations in Texas and New York City.

Humm Kombucha Receives $8M Line of Credit

Seeking to expand operations and fund new marketing initiatives, Humm Kombucha announced today that it has opened an $8 million line of credit with Naturally Gerber Finance. In a press release, the Oregon-based kombucha brand said it intends to use the credit to hire new staff, purchase machinery and “fund large-scale retail programs and marketing initiatives.”

Whole Foods Predicts Sustainably Sourced Food and Functional Ingredients Will Be Among 2022 Top Trends

Sustainability-focused food trends such as ultra-urban farming and regeneratively-grown grains were among the top picks in this year’s edition of Whole Foods’s Top 10 Food Trends list, released yesterday. For the first time, in conjunction with the announcement, the retailer is offering a 10-item sample box highlighting a product from each trend