Headlines

Sweet Dreams: Bhoomi Aims to Reboot Sugarcane As Healthy Hydration

Innumerable sweetened beverages have for decades had to contend with being dismissively called “sugar water.” But for Texas-based startup Bhoomi, the term comes with a sense of pride. Founded in 2017, Bhoomi produces a line “cane waters” made from cold-pressed sugarcane stalk.

Elevator Talk: Owen’s Craft Mixers Focuses on Quality Ingredients and ‘Just Add Spirits’ Convenience

Joshua Miller is the co-founder of Owen’s Craft Mixers, a brand that aims to deliver the highest quality craft cocktail mixers on the market. Designed with convenience in mind, the products’ recipes feature all the necessary ingredients — including carbonated water, real juice and cane sugar — to easily make a variety of cocktails by simply adding spirits and ice.

WellWell Closes $3.9M Series A Funding Round

Plant-based functional beverage maker WellWell has closed a $3.9 million Series A funding round led by Sweat Equities, the company announced on Tuesday.

Dairy Giant Dean Foods Files for Bankruptcy

The dairy producer announced today it will use the bankruptcy process to “protect and support” ongoing business operations and address debt and pension obligations. Dean Foods has secured $850 million in debtor-in-possession financing from existing lenders to support continued operations ahead of an eventual sale.

Taste Radio Ep. 188: Veggie Grill Co-Founder: There’s A Highly Effective Way To Get What You Want

T.K. Pillan, the co-founder of vegan restaurant chain Veggie Grill, discussed his transition from tech to food and the “light bulbs” that led to the creation of the company. He also discussed why it’s critical for co-founders to be aligned on vision and values, what it means to be “a good investor” and the evolution of plant-based food brands.

People Moves: OWYN Names Mark Olivieri President

OWYN Names Mark Olivieri President; Sweet Reasons Brings On Industry Vets; American Beverage Association Announces New Board Members; New Age Names Julie Garlikov as CMO; Rob Paladino Joins Sol-ti as President; David Kroll Exits COCO5

Celsius: Domestic Growth Fuel Revenue Gains in Q3

Fitness energy drink brand Celsius saw domestic growth boost overall revenue 23% during the third quarter, according to financial results released by the company last week.

Butterfly Picks Up Orgain to Compliment Bolthouse

Los Angeles-based private equity firm Butterfly last week announced its acquisition of a majority stake in “clean” protein brand Orgain. The deal is Butterfly’s fifth investment and second in beverage, following the purchase of fresh juice focused Bolthouse Farms earlier this year.

Monster: Q3 Net Sales Grow Despite Lukewarm North American Business

Despite declines in its North American business, Monster Energy Corp. saw net sales grow by double digits during the third quarter, the company announced in an earnings report yesterday. Speaking with investors during an earnings call, Monster vice chairman and president Hilton Schlosberg reported that net sales grew 11.6% to $1.13 billion, up from $1.02 billion in the third quarter of last year.

Taste Radio Insider Ep. 59: The ‘Slightly Out Of Control’ Growth Strategy

James McMaster, the CEO of Huel, a fast-growing brand of nutritionally complete meal replacement powders and RTD beverages, spoke about how the company manages sales and distribution in 80 countries, the challenges that come with rapid expansion and why formal referral programs are central to its consumer acquisition strategy.

Spirits Gallery: Fall’s New Gins and Tequilas

In this gallery, we highlight a handful of notable new spirits releases in the categories, including two Extra Añejo tequilas (including PATRON's limited edition, oldest-ever release), Bently Heritage's take on new world gin and the debut of zero-alcohol Monday Gin.  

Coca-Cola Announces Launch of AHA Sparkling Water

The Coca-Cola Company today announced the launch of sparkling water brand AHA, signaling its intention to seriously compete in the rapidly growing zero-calorie sparkling water category.