News

Project Juice and Beaming Wellness Announce Merger

California-based juice bar chains Project Juice and Beaming Wellness announced last week they have merged to create Superfood Holdings LLC. The new entity will maintain both brand names, which combined operate 16 “organic clean-food kitchens” throughout California.

KDP Withdraws Peñafiel Water Line Containing Arsenic

Keurig Dr Pepper (KDP) announced last week it is voluntarily withdrawing bottles of its Peñafiel mineral water line, three weeks after a class action lawsuit accused the beverage conglomerate of willfully ignoring tests showing the drinks contain dangerous levels of arsenic.

BevNET Live Summer 2019: The New Faces of Beverage VC

In this panel from BevNET Live Summer 2019, held June 12 in New York City, BevNET editor-in-chief Jeff Klineman sits down with three new fund managers to learn how these “new faces of beverage VC” approach investments, brand loyalty, ingredient trends, and entrepreneurship.

Shaquille O’Neal Joins FORTO As Investor

NBA legend Shaquille O’Neal has joined FORTO coffee shot maker Dyla Brands as an investor and will be the face of a $20 million media campaign for the product this fall, CEO and founder Neel Premkumar told BevNET. The size of the investment was not disclosed.

Taste Radio Insider Ep. 39: The Art and Science of Getting Investors to Say ‘Yes’

In this week’s episode, Sebastian Dreher, the managing director of Dohler Ventures U.S., discussed the firm’s funding philosophy and why he believes that investing in emerging brands is more “art than science.” He also spoke about how he evaluates scalable innovation, why category dynamics are crucial to Dohler’s investment strategy, and why great founders are also great fundraisers.

BevNET Live Summer 2019: Weller’s John Simmons Reports from the CBD Front Lines

Speaking in June at BevNET Live Summer 2019 in New York City, Weller co-founder John Simmons shared lessons and learnings from his experiences as a CBD pioneer, including how other cannabis product categories have informed the brand’s strategy, how retailers and distributors are looking at infused products, and the process Weller followed to define its platform.

Perfect Hydration Partners With Julian Edelman

Julian Edelman is MVP of more than The Big Game, now he’s also part of the Perfect Hydration alkaline water team. The Wide Receiver has officially partnered with Perfect Hydration, embodying the healthy, active lifestyle the brand represents.

Mother Beverage Preps Growth After CAVU Invests

Mother co-founders Allison and Stephen Ellsworth said Rohan Oza, who took a 25% stake in the company in exchange for his individual investment, arranged meetings between Mother and CAVU shortly after filming Shark Tank. In February the brand secured additional financial backing from the firm, but did not announce the deal until this week.

Gallery: Summer Heats Up With New Spirits

In this month's spirits gallery, we highlight a handful of the notable new releases from the past month, including a blend of four Kentucky straight bourbons from Bardstown Bourbon Co., the debut of bespoke California whiskey maker Wolves, and the U.S. debut of British-inspired rum Admiral Rodney.

Better Than Milk Organic Alternative Milk Beverages Launch Nationwide

Better Than Milk, one of the leading brands in plant-based, shelf-stable powdered alternative milk beverages for more than 50 years, brings refreshing and exciting news to grocery store aisles with the introduction of its Organic Ready-to-Drink Alternative Milk Beverages.

Press Clips: California Kills Cancer Warning Label for Coffee

California Kills Cancer Warning Label for Coffee; Food Waste Brands a ‘Booming Business’; Cuvée Coffee Creates Fake Influencer; Walmart Prepares to Launch Home Grocery Delivery Service; JAB Wrestles with its Nazi Past

7-Eleven Launches Quake Energy Drink

From Slurpee drinks to cold-pressed organic juices, 7-Eleven, Inc. has a long history of beverage innovation. Now the world's leading convenience retailer enters the fast-growing performance energy drink arena with its own private brand version – Quake.

BevNET Live Summer 2019: BodyArmor’s Mike Repole on Being a Challenger Champion

Being a challenger means not only having big ideas, but knowing how to grow from a startup brand to true scalability. For Vitaminwater and BodyArmor co-founder Mike Repole, this means being “patiently aggressive,” staying on your toes, and setting ambitious goals-- like becoming the top-selling sports drink by 2025.