BevNET Announces Nominees for ‘Best of 2022’ Awards
Each year, BevNET’s “Best Of” Awards are presented to honor the most influential and impactful companies, brands, people, products, ideas and trends from across the beverage industry landscape.
Headlines
American Aperitif Makers Seek Opportunity in Emerging Low-Alc Space
Non-alcoholic beverages and spirits are evolving into a fast-moving segment, but are low-alcohol spirits and wines following the same trajectory? New producers of naturally low-ABV aperitifs and amaros are hoping the category’s progression will create a niche for them.
Keurig Dr Pepper Invests $50 Million in Athletic Brewing Company, Takes Minority Stake in Non-Alc Beer Maker
Non-alcoholic beer maker Athletic Brewing Company has received a $50 million investment from Keurig Dr Pepper (KDP) that will make the publicly-traded CPG giant a minority equity stakeholder in the business.
Flow Beverage Corp. Sells Virginia Production Facility to BioSteel
Alkaline water company Flow Beverage Corp. has announced a definitive agreement to sell its Verona, Virginia production facility to sports drink maker BioSteel in a deal valued at $19.5 million.
HighTide Cannabis Margaritas Set to Launch in Massachusetts
Backed by an experienced team of beverage operators, Massachusetts-based startup HighTide is aiming to capture a very specific title: the country’s number one cannabis-infused, non-alcoholic, ready-to-drink margarita brand.
Upcycled Ingredient Makers Eye Brewer’s Spent Grains
Brewer's spent grain has often seemed like a perfect fit for upcycled food companies but the challenges to getting widespread adoption by breweries goes beyond supply and demand.
COP27: Climate Change Fight Turns Focus To Food
Transitioning to regenerative agriculture, utilizing upcycled food streams, adopting plant-based lifestyles and, of course, reducing carbon footprints, are set to play key roles in current global conversations around climate change.
Taste Radio: Business IS Personal. And It’s How Sahra Nguyen Is Reshaping An Industry.
Nguyen Coffee Supply founder and CEO Sahra Nguyen explained how the company’s approach to storytelling via flavor and personal narrative is shifting the perception of Vietnamese coffee, why incorporating her background and beliefs into brand communication is both challenging and highly effective, and the one word that drives the company’s innovation strategy.
Marketing: Monster Energy Inks Deal With New York Rangers; Leisuretown Partners With Comedian Chelsea Handler
California-based energy drink giant Monster has inked a marketing deal with the New York Rangers and Madison Square Garden, the brand announced in a press release. As part of the integrated marketing partnership, the indoor arena will feature a co-branded grab-and-go concession stand dubbed the “Monster Energy Bodega.”
Tilray to Acquire Montauk Brewing
Global cannabis firm Tilray is adding an East Coast craft brewery to its growing brewery portfolio, with the acquisition of Montauk Brewing Company. Financial terms of the transaction were not immediately disclosed, but the deal is for 100% of the New York craft brewery.
Bang to Remove ‘Super Creatine’ From Packaging, Advertising
Bang Energy is removing the term “Super Creatine” from all packaging and advertising, after a jury ruled in September that the company and CEO Jack Owoc falsely advertised the ingredient in its products.
Chamberlain Coffee Names Liz Ahern as CMO
Amid continued efforts to ramp up its omnichannel growth, Los Angeles-based specialty coffee brand Chamberlain Coffee has named Liz Ahern as chief marketing officer, where she will be tasked with overseeing brand strategy, distribution expansion and integrated campaign planning and execution across all marketing touchpoints.
Monster: Price Increases In Q3 Temper Costs
Monster Beverage Company reported 15.2% year-over-year sales growth in its Q3 earnings, even as increased expenses and cost of goods continue to drag on margins despite a 6% price increase in September.
This Week’s New Products: Passion Fruit Cannacocktail & Cinnamon Churro Creamer
In this week’s roundup of new products, C4 teams up with the Wounded Warrior Project to launch exclusive products, La Colombe celebrates the holidays early with new latte flavors and Flora Hemp Spirits unveils its newest “cannacocktail.”