After its debut last year, Phreshly has revamped its ready-to-drink cocktail packaging as it aims to distinguish the brand in BevAlc’s hottest category by focusing on its unique ingredients and cultural roots.
After announcing it would drop its flailing sports drink brand BioSteel earlier this summer, Canopy Growth announced Friday it has found two buyers for the brand’s assets through a court-approved agreement.
Wolves, the luxury whiskey brand founded by two fashion luminaries, has brought on an executive with experience at AMASS and Pernod Ricard as its new president.
We’ve all seen the cute, clever and occasionally terrifying images created using ChatGPT and other AI generators. But can CPG companies utilize these apps in a meaningful way? The hosts discussed potential ways that AI might help make certain processes more efficient. They also spoke about why a food brand’s recent packaging revamp is excellent in every way and riffed on a spicy and sporty LTO.
In this week’s new products roundup, Luna Bay Booch launches its first zero-proof line, Juvee gets into the hydration game and Nestlé reteams with Eggo for another waffle-themed offering.
Total BevAlc sales growth improved slightly with volume performance up across beer, flavored malt beverage, cider and hard seltzer, while dipping negative on sequential basis in wine and spirits categories during the latest two-week period.
This morning G FUEL announced new "significant growth equity" in the form of an eight-figure cash investment from Kingswood Capital Management and First Bev, the exact terms of which were not immediately released.
Flow Water is continuing to expand operations at its Aurora, Ontario production facility while simultaneously seeking its divestiture, announcing today a five-year manufacturing partnership with alcoholic RTD punch BeatBox Beverages set to kick off next summer.
Non-alcoholic beverage sales remained “healthy and broadly stable” in the two-week period ending November 4 primarily reflecting a slight acceleration in pricing growth that was offset by weaker volumes, according to the most recent analysis of NielsenIQ data by Goldman Sachs Equity Research.
Energy drink startup Plant Press has completed a seed round of just over $1.2 million with investors including former Tory Burch CMO Miki Berardelli and former NBA Players Association head Roger Mason.
Pronghorn continues to aggressively build out its portfolio of Black-owned spirit brands with the addition of three new companies: New England Sweetwater Farm & Distillery, Acquired Taste Cognac, and Rally Gin.
As the headwinds plaguing the food and beverage industry continue to ease, global market intelligence agency Mintel is tracking the major trends expected to drive growth in 2024, including transparency over ultra-processed foods, the redefining of healthy aging and the utilization of technological advancements to improve convenience.
Red Tree Beverages, Coca-Cola’s “firewalled, wholly owned” subsidiary to explore beverage-alcohol, has no intention of getting into the distribution business, Red Tree president Jenny Dowdy said yesterday during Beer Marketer’s Insights fall seminar.
Gen Z is pushing alcohol abstention to new record lows, according to a new report from NIQ. But that doesn’t mean the youngest legal-age generation isn’t drinking— they’re just doing it differently, and in an era when there are more BevAlc (and replacement) options than ever.
