Pernod Ricard Sales Drop -3%; Cuts Expectations for 2024
Pernod Ricard is facing headwinds after reporting a -3% organic decline in sales in H1 FY 2024, with sales expected to stay flat for the remainder of the year.
Headlines
Liquid Death Looks to Reanimate Consumers with Death Dust
The “entertainment-first” beverage maker is the latest brand to jump into the rapidly expanding hydration category with today’s announcement of Death Dust, which adapts three of the most popular flavors from its sparkling waters – Severed Lime, Mango Chainsaw and Convicted Melon – into electrolyte drink mixes.
Blume Launches Gut-Focused Hydration Powders, Lands Superfood Lattes in Target
Seeking to ride the momentum of its biggest distribution win thus far, Blume announced today the launch of its new line of SuperBelly gut-building hydration multipliers, marking the brand’s first foray into the hydration space.
Culture POP Raises $21M In New Investment
Probiotic soda brand Culture Pop raised $21 million from new investors which include Enlightened Hospitality Investments — the investment arm of restaurateur Danny Meyer — and a private investment by Howard Schultz.
Suja Appoints Former Stone Brewing Chief Maria Stipp As CEO
Suja Life, the parent company to Suja Organics and Vive Organics, announced today it has appointed Maria Stipp as its new CEO, effective Feb 20, while current chief executive, Bob DeBorde, moves into retirement.
Gorgie Dials Back DSD Focus In Favor Of “Digital Convenience” Strategy
After assessing its first year on shelves, Gorgie has realigned its distribution strategy to seek out the “stickiest” sales channels, a road that’s taken the female-focused energy drink back towards e-commerce.
Elevator Talk: Blue Bear Wellness, AlluSoda, good dirt, Amari
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Dr. Sebastian Dreher, the Venture Manager - North America for DöhlerGroup who shared his thoughts, questions and feedback with the participants.
What Is The Neo-Prohibition Movement? Separating Fact From Fiction
Is the U.S. government trying to limit your booze intake or access? The short answer is no. So why do we keep hearing rumblings about something called the 'neo-prohibition' movement?
Spirits Gallery: New Releases From Absinthia, Johnnie Walker, Rémy Martin and More
In the latest new spirits roundup, Johnnie Walker rings in the Lunar New Year with a limited edition design created by Asian-American artist James Jean, Grammy-nominated rapper Quzvo teams up with Sezac and Rémy Martin celebrates its tricentennial.
Coca-Cola Beats Q4 Sales Forecasts Despite Dip in North America Demand
The Coca-Cola Company today posted quarterly sales growth that surpassed analyst expectations, bolstered by price hikes and steady global demand that helped offset a volume decline in North America.
Manufacturing Matchmaker: Keychain Uses AI To Bring “Transparency” To CPG Production
Keychain's AI-driven B2B digital tool aims to bring transparency and simplicity to the CPG landscape by streamlining matchmaking between brands and retailers searching for compatible manufacturing partners.
Taste Radio: He’s Raised $440M, But Viraj Puri Remains Grounded In Mission
Gotham Greens co-founder and CEO Viraj Puri spoke about how he has maintained focus and managed new and complex responsibilities amid the development of the pioneering urban agriculture company, assessing when to accelerate growth and what he considers to be his biggest mistake and best decision.
Don’t Quit! Launches Signature Flavor With NFL Star
The NFL season may be over, but sports nutrition brand Don’t Quit! is kicking off its 2024 growth plan with the launch of a new Cookies & Cream protein drink flavor designed by investor and Buffalo Bills safety Damar Hamlin.
Snoop Dogg and Dr. Dre Launch Gin & Juice RTD
West Coast rap legends and business moguls Dr. Dre and Snoop Dogg announced they are back at it, but the drop isn’t a new track. Announced today, a ready-to-drink collaboration inspired by the duo’s iconic “Gin & Juice” song is now available across the U.S.