Kroger/Albertsons: Stores vs Shoppers In Latest Merger Block Attempt
Opposition surrounding the proposed merger between Kroger and Albertsons continues to mount, as the leading grocery giants are fighting legal action from their own customers.
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Coca-Cola: Global Market Improvements Support Q1 Sales Growth [Updated]
The Coca-Cola Company surpassed analyst expectations in its Q1 2023 earnings report today, announcing net sales growth of 5% to around $11 billion, with a profit of $3.1 billion. Organic revenue in the quarter increased 12%, including +11% price/mix growth and a 1% bump in concentrate sales. Global unit case volume grew by 3% while operating income fell -1%.
Cannabis Closeup: Examining the Evolution of Canna-Snacks With Tempo’s Robert Holland
Most snack makers aspire to create a product that users can’t put down and, in many ways, Tempo is no different. But for the THC-infused line of crackers, that proposition is a bit more complicated.
Coca-Cola Licenses Minute Maid, Simply Brands To Sell Fresh Fruit
The Coca-Cola Company has licensed its Simply and Minute Maid brands to distribute fresh grapes and citrus fruit marking the first time the beverage maker has partnered with a fresh produce company.
This Week’s New Products: 4/20 Cannabis RTD Launches, Non-Alc Rosé and Sleep Mixes
Between the Coachella music festival and the 4/20 holiday, there’s plenty of reasons to party and celebrate this week, and this week’s new beverage launches are doing just that. In this gallery we take a look at new cannabis-infused RTDs, non-alcoholic wine, functional waters and more.
Taste Radio: A Controversial ‘Tok-ic.’ Mission Impossible? Not For Ziba Foods.
Jacqui Brugliera reported on the food and beverage scene at Coachella 2023, the hosts discussed whether #watertok is a faux controversy and riffed on several notable snacks and libations. We also meet Raffi Vartanian and Patrick Johnson, the co-founders of Ziba Foods, a mission-driven brand of Afghani-grown nuts, seeds and dried fruits that maintains an ethical supply chain from farm to bag.
Spirits People Moves: Ghost Tequila, WES Brands Bring on Industry Veterans
Ghost Tequila brings in former Mast-Jägermeister U.S. CEO, WES Brands builds leadership team, and Infuse Spirits hires an industry veteran.
Cannabis Closeup: VCC Brands’ Kenny Morrison on Beverage Growth, Stagnation in Edibles
Speaking with BevNET last week, Kenny Morrison touched on a range of topics, starting with his experience taking CQ products from California to rapidly growing markets including Massachusetts and Illinois.
Lotus Beverage Alliance Born From Merger of Six Major Bev Equipment Makers
Six major U.S. beverage equipment makers are merging to form Lotus Beverage Alliance, designed as an end-to-end services provider for craft drinks.
Pearpop Drops Fake Energy Drink Intending To Generate ‘Real Results’
Pearpop – a marketplace platform connecting brands and content creators – dropped The Pearpop Energy Drink today on the belief that it can build a slate of new brands spanning numerous categories overnight, with products that don’t even exist.
Knockin’ on Kentucky’s Door: Bob Dylan’s Heaven’s Door Expands Production in KY
Bob Dylan's whiskey brand Heaven’s Door is moving its production from Tennessee and expanding capacity at a new distillery in Kentucky, while also building an immersive brand experience space in a former church in downtown Louisville.
Campari Group Debuts Luxury Tequila, Mayenda
As tequila continues to rise, Campari Group has expanded its agave spirits portfolio with the launch of a new tequila, Mayenda. The brand will debut with a blanco expression available in Mexico and the U.S. this week, retailing at $70.
Tequila: Consumers Chase Celebrity Brands, Higher Quality & Cristalino
On-premise tequila sales were up 23% in the latest 52 weeks on-premise compared to last year, and 7% off-premise, according to new data from NIQ. Here are four of the factors behind the rise of agave spirits.
Cure Hydration Brings in $5.6M Series A Round, Expands to 15,000 Doors
Cure Hydration has raised $5.6 million in a Series A funding round led by Lerer Hippeau, the company announced this week. The funding arrives as the New York-based functional drink mix brand has expanded its retail presence to over 15,000 doors nationwide.