Polar Black Jack Tea – a pirate-themed sign of the times
BY MATT CASEY, BEVNET.COM STAFF WRITER A new tea product from Massachusetts-based Polar Beverages may offer a sign of the times for the beverage industry. In January, Polar launched its…
Headlines
Hansen breaks $1 billion in sales in 2007
CORONA, Calif.–(BUSINESS WIRE)–Hansen Natural Corporation (NASDAQ:HANS) today reported record sales and profits for the fourth quarter and year ended December 31, 2007. Gross sales for the fourth quarter increased 61.5…
Cott losing shelf-space at Wal-Mart
Shares of Cott dropped to a nine-year low Tuesday after it announced that Wal-Mart would reduce its shelf space for generic beverages in favor of name brand lines. Cott, makers…
State officials urge probe into alcoholic energy drinks
The U.S. Alcohol and Tobacco Tax and Trade Board (TTB) may investigate alcoholic energy drinks after officials from 16 states Thursday urged the board to do so, with some state…
The Coca-Cola Company Board of Directors Nominates Muhtar Kent as Director
ATLANTA–(BUSINESS WIRE)–The Coca-Cola Company Board of Directors today nominated President and Chief Operating Officer Muhtar Kent to stand for election as a Director of the Company at the Annual Meeting…
Pepsi brass predicts 2008 will be a challenging year
Pepsi executives said Wednesday that they will lean heavily on Diet Pepsi Max and SoBe Life Water to meet their reaffirmed 2008 prediction of 3 percent to 5 percent case…
Idaho Psychiatrist blames energy drinks for girl’s psychosis
BY MATT CASEY, BEVNET.COM STAFF WRITER After an Idaho teen last week complained of demonic possession and threatened to harm herself with a knife, her psychiatrist blamed her actions on…
Xyience kept alive by approved $1.6 million loan
Xyience Inc., the currently-bankrupt sponsors of Ultimate Fighting Championship and makers of Xenergy energy drink, will be able to continue operations after a Nevada judge approved the company’s request for…
Coca-Cola Enterprises Inc. Reports Fourth-Quarter and Full-Year 2007 Results
ATLANTA – Coca-Cola Enterprises (NYSE: CCE) today reported full-year 2007 net income of $711 million, or $1.46 per diluted share. Excluding items that impact comparability, the company achieved net income…
N.H. house rejects bottle tax proposal
The New Hampshire House of Representatives voted down a proposal Wednesday that would have added a one-cent tax on beverage containers, the Associated Press reported. The bill would have levied…
Analyst reports January beverage sales
The beginning of 2008 delivered improving news to the beverage industry, according to Morgan Stanley analyst William Pecoriello. Pecriello analyzed supermarket scanner data through Jan. 27, and found that sales…
Unlikely Duo Opposes San Francisco Soft Drink Tax Plan
WASHINGTON-The nonprofit Center for Science in the Public Interest has long supported small taxes on soft drinks to help pay for bike paths, nutrition education, and other obesity-prevention programs. But…
Coca-Cola to buy nutritional supplement and drink manufacturer
BY MATT CASEY, BEVNET.COM STAFF WRITER Coca-Cola is buying a majority share in NutriJoy, a Kansas-based manufacturer of nutrient supplements that can be added to snacks and beverages, the Kansas…
Honest Tea Sells Stake to Coca-Cola Co.
BevNET.com Staff Writer Coca-Cola is now 40 percent more Honest. Yesterday, the soda giant purchased 40 percent of Honest Tea, best known for its leadership in the organic ready-to-drink tea…