Headlines

Legendary CCE Executive Henry Schimberg Dies

Henry Schimberg, who helped build CCE to such a level of prominence that it handled 75 percent of the entire case load of Coca-Cola in North America, died over the weekend while traveling in Europe.

UBS: Monster, Red Bull Rolling Behind Line Extensions

Monster Rehab and Absolutely Zero both hit all-time highs of $21.4 million and $12.9 million over the last 12 weeks, while the addition of Red Bull Zero to that brand family was the most likely source of a 30 percent increase in Red Bull sales in the four-week period ending June 9.

CEO Bill Meissner Resigns from Jones Soda

Bill Meissner called the job of running Jones Soda – and trying to restore the legendary entrepreneurial brand to prominence – the ultimate opportunity. That opportunity ended before he reached his ultimate goal. Meissner, the CEO of the Seattle-based brand that has long been a youth favorite for its inventive flavors, creative, user-generated packaging and unconventional attitude, resigned yesterday following a series of disagreements with the company’s board of directors.

Rabobank’s Colbert: “Better For You” Alternatives Fuel Industry Growth

Calling it "the best of times and the worst of times for the beverage market," Ross Colbert, global beverage strategist for Rabobank, stressed the importance for retailers and vending operators to take advantage of current trends in the beverage industry to create new sales growth. Colbert explained that consumer demand for healthier and vitamin-fortified products is fueling the growth of "better for you" beverages, particularly in ready-to-drink teas, bottled waters, and functional drinks.

FDA Warns Rockstar on Coffee & Energy Line

For the second time this year, the FDA has warned a beverage company that products labeled as supplements must be sold and marketed as supplements, not beverages. It was revealed today that the agency sent a letter to Rockstar cautioning that, despite being labeled as supplements, its Coffee & Energy products are represented and sold as beverages. And because the products contain Gingko, an unapproved food additive, the agency deemed the line to be “adulterated.”

A Worldlier Zola Keeps Growing

Slow and steady is helping at Zola, which will follow a 60 percent sales increase last year with between 70 and 80 percent this year, according to CEO Chris Cuvelier.

On the Rebound, Celsius Partners with Fitness Infomercial Icon

In the midst of a significant shift in its sales and marketing strategy, Celsius has announced a new partnership with fitness infomercial icon Tony Little, most often known for his work promoting the Gazelle Exercise Machine. Celsius, a manufacturer of calorie-burning drinks and powders primarily consumed before workouts, has tweaked its positioning and marketing in the hopes of broadening its target use and consumer base to include individuals on weight-loss programs.

Monster Beverage Will Join S&P 500

Late yesterday, Standard and Poor's announced that Monster Beverage will be added to the S&P 500 index next week. Monster will replace Sara Lee, which is splitting its North American business and international beverage business into two publicly traded companies. Monster, which has been publicly traded since 1995, will join the three major beverage companies - Coca-Cola, PepsiCo and Dr Pepper Snapple - on the S&P 500.

CSDs By the Numbers: Zero Gains Shrinking Pie for Coke

CSD share might be slipping as a percentage of total beverages consumed, but there’s a Zero-sum gain out there – Coke Zero, that is. After a long period of double-digit growth, the brand continues to be the growing star of the company’s sparkling portfolio. Over the past year, the brand grew a little over 4 percent, according to A.C. Nielsen Scantrack numbers in Food, Drug and Mass retailers to push it into third place in the diet drink category.

PepsiCo’s Carey: Packaging Flexibility Key to New Growth

Calling PepsiCo’s lack of bottling flexibility “hard to believe,” PepsiCo Americas Beverages CEO Al Carey said that the company has begun working with some of its more creative bottlers to create new package sizes for its beverage business. Speaking at Deutsche Bank’s Global Consumer Conference, Carey said that it PepsiCo was focused on “holding or improving value share” by the end of 2012, but that it was unsustainable to continue lowering prices to improve its position.

Core Power Enters Coke System; VEB Investment on Tap?

Keep a close eye on this one, folks: Coca-Cola Refreshments is picking up Core Power, a milk-based protein drink manufactured with the product of two large dairy co-ops based in West Texas, New Mexico, and the Midwest.

Massachusetts City Considering Soda Ban Modeled After NYC Proposal

The concern that New York City’s proposed ban on the sale of large-size sodas and other sugary beverages may spill over to other cities is becoming a reality. According to The Boston Globe, Cambridge, MA Mayor Henrietta Davis proposed the idea of a similar sugary drink ban at a city council meeting last night, stating that “in addition to being an obesity threat, soda is one of the contributing factors to an increasing rate in diabetes and heart disease amongst younger people.”