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Taste Radio: Patrick Schwarzenegger Continues To Bet On Intelligent Brands… Including His Own. Taste Radio: Patrick Schwarzenegger Continues To Bet On Intelligent Brands… Including His Own.

Taste Radio: Patrick Schwarzenegger Continues To Bet On Intelligent Brands… Including His Own.

by BevNET.com Staff,

A film actor and active investor in several high-profile brands including Super Coffee, NUGGS and Blaze Pizza, Patrick Schwarzenegger recently added the title of entrepreneur to his resume as the co-founder and CEO of brain health brand MOSH. In our interview, Schwarzenegger spoke about why MOSH broke every traditional rule for developing and launching a CPG brand, his investment philosophy and the value of company management when making funding decisions.

Coke Acquires BodyArmor for $5.6B [Updated] Coke Acquires BodyArmor for $5.6B [Updated]

Coke Acquires BodyArmor for $5.6B [Updated]

by Brad Avery,

The Coca-Cola Company announced today that it has acquired full control of sports drink maker BodyArmor for $5.6 billion, its largest acquisition to date. The beverage giant is exercising its option to purchase BodyAmor in full at a pre-existing discount, as included in a 2018 deal that gave Coke U.S. distribution rights to BodyArmor and a 15% stake in the brand.

This Week’s Latest Product Launches This Week’s Latest Product Launches

This Week’s Latest Product Launches

by BevNET.com Staff,

With January resets coming up quick, this week saw the announcement of several new products set to hit shelves at the start of the new year. Here’s a quick look at this week’s notable new launches and release announcements.

KDP: Company Raises Year-End Guidance with Strong Q3 Sales Growth KDP: Company Raises Year-End Guidance with Strong Q3 Sales Growth

KDP: Company Raises Year-End Guidance with Strong Q3 Sales Growth

by Brad Avery,

Buoyed by strong third quarter earnings results this week, Keurig Dr Pepper (KDP) has raised its 2021 net sales growth guidance from 7% to 8% for the year as the company benefits from increased consumer mobility and approaches the end of its three-year post-merger period.

Report: Coke Closing on BodyArmor Report: Coke Closing on BodyArmor

Report: Coke Closing on BodyArmor

by Martín Caballero,

The Coca-Cola Company is in the closing stages of completing its acquisition of sports drink brand BodyArmor at a valuation of around $8 billion, according to media reports.

Coke: Volumes Surpass 2019 Levels Amid ‘Asynchronous’ Recovery Coke: Volumes Surpass 2019 Levels Amid ‘Asynchronous’ Recovery

Coke: Volumes Surpass 2019 Levels Amid ‘Asynchronous’ Recovery

by Brad Avery,

The Coca-Cola Company reported “strong” double-digit revenue growth in its third quarter earnings results this week, leading to higher year-end projections as volume sales surpassed 2019 levels amid an “asynchronous” pandemic recovery.

Elevator Talk: Maivino, Coco Vodka & Rum, Hoptonic Tea, Zolt, UFO Elevator Talk: Maivino, Coco Vodka & Rum, Hoptonic Tea, Zolt, UFO

Elevator Talk: Maivino, Coco Vodka & Rum, Hoptonic Tea, Zolt, UFO

by BevNET.com Staff,

Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Adam Louras, a partner with Mercenary, who will share his thoughts, questions and feedback with the participants.

Oatly: Credit Suisse Lowers Projections as Brand Faces Supply Woes Oatly: Credit Suisse Lowers Projections as Brand Faces Supply Woes

Oatly: Credit Suisse Lowers Projections as Brand Faces Supply Woes

by Brad Avery,

Citing recent supply chain challenges, Credit Suisse lowered expectations for the company’s sales performance ahead of the release of its Q3 2021 earnings report next month. The revised coverage has decreased expected 2021 revenue for the Swedish oat milk maker from $694 million to $685 million.