Starbucks Unveils New RTD Lineup: Pink & Paradise, Frappuccino Minis
Starbucks has formally unveiled its new slate of ready-to-drink products, highlighted by two fruit juice-based, cafe-inspired beverages – Pink Drink and Paradise Drink.
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Edrington Takes Majority Stake in Wyoming Whiskey
Edrington, a Scotland-based premium spirits producer, has upped its stake in Wyoming Whiskey from 35% to 80%, the company announced today.
Phocus CEO: With Jack Harlow as Co-Owner, Brand Seeks Fresh Start with Gen Z
After announcing a new start for the company this weekend, Phocus CEO Joey Nickell said functional beverage brand is now preparing an ambitious national expansion with a goal of reaching 10,000 retail doors.
Distribution Roundup: Olipop Brings Soda to Sweetgreen; Soylent, Ketone-IQ Expand
Olipop has been clear about its mission to convert traditional soda drinkers to its low-calorie, functional soft drinks, an effort that now extends to foodservice through a new partnership with sweetgreen.
GoodBelly, Cheribundi Merge Under NextFoods Banner
NextFoods, the maker of functional food and beverage brand GoodBelly, is merging the business with tart cherry juice producer Cheribundi. As part of the deal, announced today, NextFoods will remain as the majority shareholder of the combined entity, which will operate under the GoodBelly name. Venture capital firm Emil Capital Partners (ECP) is the company’s largest investor.
Marketing: Coca-Cola Starts ‘Dinner Table Renaissance’ with Gigi Hadid; Ocean Spray’s New TV Spot
The Coca-Cola Company has teamed up with model and Next in Fashion judge Gigi Hadid to start what it has dubbed a dinner table renaissance through its new campaign, “A Recipe For Magic.”
Grey Goose Launches Bottled Martini Cocktail
With a martini resurgence sweeping cocktail bars, Grey Goose is getting in on the action with a ready-to-pour Classic Martini Cocktail bottle launching nationwide today.
Jennifer Lopez Launches RTD Cocktail Delola
Jennifer Lopez is the latest high-profile name to jump into the rising ready-to-drink cocktail category with the launch of The House of Delola, a new Beam Suntory-backed brand of spirit-based, pre-mixed drinks which is set to debut this spring with its first product, Delola Spritz.
Taste Radio: How OWYN Went From DTC Upstart To An $85M Omnichannel Giant Killer
Mark Olivieri, the CEO of OWYN, a brand of plant-based protein and nutrition beverages projected to generate $85 million in 2023 revenue, discussed the role that data has played in its development and trajectory, how the company sources and implements a variety of information and insights into its business strategy and what he attributes to success at driving repeat purchase.
Heritage Distilling Builds the First Network of Tribal-Owned Distilleries
In 2017, the Confederated Tribes of the Chehalis Reservation, comprised of around 900 members living on over 4,400 acres in southwest Washington, decided to construct a community-owned restaurant, brewery and distillery. There was just one problem: distilling on tribal lands was illegal.
Phocus Unveils Rebrand, Partners with Rapper Jack Harlow
Caffeinated sparkling water brand Phocus has a new look and a new celebrity partner in rapper Jack Harlow, the company announced on social media this weekend. In an Instagram post, Harlow showed off a picture of the brand’s new minimalist can design.
Community Call: Sign Up for April Calls Ft. Harmless Harvest, Biena Snacks, One Mighty Mill & Generation CPG
Community Call is a recurring series of open meetings dedicated to pressing topics impacting food and beverage businesses. This month, we welcome a range of guests covering topics such as sustainability measures that support profitability, finding the right co-manufacturer, building and maintaining retailer relationships that support innovation goals, retail activation strategies, and more.
Six Questions With Zack Squier Of Squier’s Specialty Edibles
While flower is still king, the infused cannabis edible market in the U.S. is projected to grow at a CAGR of 17% to reach over $3 billion by 2027. That opportunity helped attract former executive chef and Maine native Zack Squier to the emerging space with Squier's Specialty Edibles, his line of premium, 100mg THC-infused multi-serve elixirs.
Report: Alt. Deals in CPG Rising Amidst Economic Squeeze
Despite rising inflation and a grim economic forecast, CPGs can still access growth capital thanks to a “much broader toolkit” of alternative M&A options, explained analysts from Bain & Company during a webinar this week.