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Westrock’s facility is a high-stakes gamble for the family owned company, which went public via a SPAC merger in 2022. Its recent Q2 earnings report underlined the urgency of making this experiment work: a $17.8 million loss on the back of a 7.3% sales decline.
Rachel Kiley discusses the nuances between craft beer and craft spirits, the relationship between Monday Night and Sneaky Spirits and how entrepreneurs can shrug off the doubters.
Earlier this month, an article in Food & Wine proclaimed craft spirits in crisis, kicking off a tense debate between wholesalers and craft spirit representatives about the root causes of the challenges facing distillers.
Prior to the announcement of Mars’ $36 billion acquisition of Kellanova, the hosts discussed the possibility of a major M&A deal, one that could create a domino effect for some CPG brands. They also opined on the future of NA bottle shops, munch on ramen-flavored snacks and sip on banana cream soda.
In this week’s new products roundup, Califia announces the release of four new fall and winter seasonal products, Liquid Death joins forces with Van Leeuwen Ice Cream to launch a decadent sparkling water flavor and Black Rifle Coffee Company ventures into the $20 billion energy drink market.
Party punch maker BeatBox hosted its first national sales meeting in Houston, which had the feel of a Meow Wolf, with a faux convenience store decked out in neon, a trippy giant mushroom-covered hard tea garden, a Las Vegas-themed area with casino games, a lab for new innovations with “scientists” that looked strikingly like Rick of Rick and Morty Adult Swim fame and the usual presentations about the coming year.
Emma Chamberlain is getting a big promotion at her namesake coffee brand. Chamberlain Coffee announced today that she has been named co-CEO of the company, to serve alongside the brand’s former COO Gustav Hossy. The duo are replacing Christopher Gallant in the chief executive role.
At the onset of the COVID-19 pandemic, business owners were panicking at the thought of going under. For many, federal financial assistance programs felt like a lifeline. Now, some claim they are sinking the ship.
Against the backdrop of an evolving market, United Sodas (formerly United Sodas of America) is betting that its updated, minimalist visual approach can offer consumers less-as-more.
The BevNET team is hosting a SoCal food, beverage and beer industry meetup on Wednesday, September 25th from 5PM to 7PM PT. Join Naturally San Diego and our BevNET San Diego team, as well as the Producer & Editor of Taste Radio, Ray Latif, and Taste Radio co-hosts John Craven, Mike Schneider and Jacqui Brugliera.
Jones Soda Co. increased revenue in Q2 on the back of a number of new product launches and partnerships across the beverage industry, even as immediate net losses widened.
Reed’s, Inc. continued to make strides in its turnaround efforts during Q2 2024, showing a double-digit increase in net sales and further reduction in operating losses in Q2. Net sales in Q2 were up 19% year-over-year to $11.9 million.
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Andrew Guard, the founder of Right Coast Brands, who shared his thoughts, questions and feedback with the participants.
Lifeway Foods cited volume growth of its flagship drinkable kefir as the key driver of record sales in Q2 2024, according to the company’s latest quarterly earnings report released this morning.