Volume fluctuations are creating a turbulent economic environment in non-alcoholic beverages, as higher volume growth pressures contributed to depressed sales during the two-week period ending June 4, according to an analysis of Nielsen data by Goldman Sachs Equity Research.
Canadian energy drink maker GURU Organic Energy Corp. reported quarterly net revenue of CAD$7.6 million, up 7% from CAD$7.1 million in 2021, in its fiscal year Q2 earnings report today.
Target has announced the launch of Casa Cantina, a line of agave wine-based RTD cocktails.
Oat milk and coffee maker Minor Figures has secured minority investments from Danone Manifesto Ventures and Green Monday Group, the company announced on Friday. Terms of the deal were not disclosed.
Last week, premium whiskey Uncle Nearest announced its third in a series of investments designed to create a tangible shift in the funding inequities for BIPOC-owned businesses. It comes at a time when other Black founders and business leaders are also making strides to celebrate Black people’s historical contributions to spirits and build more Black-owned legacy beverage businesses.
The Coca-Cola Company is accelerating its push into beverage alcohol with today’s announcement of a new global partnership with Jack Daniel’s Tennessee Whiskey to release a ready-to-drink cocktail.
Spirit alternative maker Ritual Zero Proof this week announced it has hired craft non-alcoholic beer veteran Tom Halaska as its National Sales Director.
In this week’s roundup of new beverages, Olipop rolled out a new limited edition soda flavor inspired by Illumination’s Minions, KUL MOCKS unveiled its 3-SKU Adventure Collection and Montauk rolled out Lemon Tea amid rapid sales growth in the Tri-State.
Whether you’ve raised millions of dollars, been in the market for over a decade, have a cult following or just recently launched, renaming can be an amplifier to success, not a deterrent. Reframing a name and brand change is an opportunity for greatness rather than an admission of failure.
Wisconsin-based holding company New Berlin Beverage Co. announced this week that it has acquired sparkling tea brand Minna, providing the startup with a capital infusion to support its manufacturing and retail expansion.
The pronghorn is the second-fastest land mammal in the world, second only to the cheetah. But the pronghorn can sustain its speed for longer than a cheetah, according to Dia Simms, a co-founder of Pronghorn, an initiative focused on cultivating the next generation of Black entrepreneurs, executive leaders, and founders within the spirits business. Simms, the CEO of Lobos 1707 Tequila & Mezcal, called the name Pronghorn symbolic of the race to correct inequity in the spirits industry, which she described as a marathon, not a sprint.
Consumers are searching for new forms of convenience, whether as clever packaging or new products, and prioritizing exciting and unfamiliar flavors at mealtime, according to market research firm IRI’s annual New Product Pacesetters report, released yesterday.
From actors to musicians to the world’s richest man, high profile figures have built their own category within the alcohol industry: celebrity spirits. But as celebrity-owned or endorsed brands become the norm, what makes them succeed or fail?
A new report by the Specialty Food Association shows that growth in the specialty food market has changed as the pandemic’s evolution over the last two years has brought dramatic price increases and a shift in consumer shopping and eating priorities. The category grew by 7.4% in 2021 as compared to 5.8% in 2020, reaching $175 billion in sales.
