Nielsen: Non-Alc Bev Sales Stable; Volume Rebounds Driven By Slower Pricing Growth
Sales growth in the non-alcoholic beverage industry remained “robust and broadly stable” at +13.3% as price increases slowed, driving a rebound in volume growth.
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Barcode: Next-Gen Hydration Drink At ‘Inflection Point,’ Aiming for 5K Doors
After testing the market for a premium sports drink for the past two years, Barcode is ready to move into national distribution. Recently, the fitness water hired a new COO to help scale the brand for a larger distribution push and new innovation in 2023.
Elevator Talk: Tepetán, Sommarøy, Uncle Waithley’s Vincy Brew, JAS, Cheeky Cocktails
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Mike Fata, the founder of Manitoba Harvest and Fata & Associates, who shared his thoughts, questions and feedback with the participants.
New Bill In California Seeks to Widen Access to Spirits-Based RTDs
California lawmakers have introduced a bill that would allow wine and beer retailers to sell spirits-based, ready-to-drink (RTD) beverages that are lower than 10% ABV and in containers no larger than 16 oz.
Taste Radio: Everyone Is Talking About Profitability. There’s No Hitch. But There Is A ‘Hatch.’
Natalie Shmulik, the chief strategy and incubation officer of The Hatchery Chicago, spoke about the incubator’s origins, the most pressing needs and challenges facing small businesses and how she and her team are advising brands on scaling and investment. She also discussed the typical attributes of a company that has successfully scaled beyond The Hatchery and how high-profile strategic partners, including Pepsico and Mondelez International, are involved in its development.
Koia Adopts Vertical Integration Model with Anaheim Production Plant
Seeking to swiftly amplify its sales and velocity over the coming years, California-based plant-based beverage company Koia has transitioned to a vertically integrated production model with the acquisition of a production facility in Anaheim.
Survey: C-Store Q4 Beverage Sales Strong; Retailers Cautious Toward FY Growth
Total sales of alcoholic and non-alcoholic beverages remained strong in the convenience channel last quarter, even as retailers are still cautious about if the space will sustain momentum in the year ahead due to broader economic pressures, according to results from the ‘Beverage Bytes’ survey released last week, conducted by Goldman Sachs Equity Research.
Shawn “Jay-Z” Carter, Bacardi Settle Multibillion-Dollar Battle Over D’ussé Cognac Venture
A year-long legal dispute between rapper and business tycoon Shawn “Jay-Z” Carter and Bacardi was finally resolved on Friday when the spirits giant announced it has agreed to acquire the majority of Cognac venture D’ussé, with Carter retaining a significant ownership stake through his company SCLiquor.
Roar Organic Adds $6M To Build Out Sales Team
Roar Organic secured a $6 million capital infusion to expand its sales and marketing teams as it increases its grocery retail presence and prepares for fresh innovation in 2023.
Distribution Roundup: 100 Coconuts Locks In New Partnerships, Just Made Launches New Smoothie Line
Coconut water brand 100 Coconuts expands in New York, Tennessee and Georgia with new distribution partnerships. Just Made releases a smoothie drink line along with a 11-state rollout and Paris Baguette begins offering Lavazza coffee and beverages in select cafes.
Taste Radio: Why Transparency Wins & What Wary Investors Want
The hosts discussed BevNET’s new partnership with Naturally San Diego, how brands can amplify their presence at Expo West 2023, MALK’s clever ad campaign and notable new products including pancake cereal and a neon green hot sauce. This episode also features a conversation with investor Maxine Kozler Koven, who spoke about how founders can navigate an increasingly tighter market for private capital.
This Week’s New Products: Sparkling Ice & Marquis Warm Up Winter with Tropical Flavors
As frigid temperatures stick around, this week’s new products gallery features tropical-flavored drinks from Sparkling Ice, Island Oasis and Marquis celebrating sunnier days. Additionally, Pressed collaborates with six black artists to celebrate Black History Month, LEVIA gets into the Valentine’s Day spirit and Just Made unveils a new smoothie line.
People Moves: Tractor Beverage Co. Taps Asif Khalid as First COO, Longtime Gelson’s Leader Retires
Foodservice organic beverage provider Tractor Beverage Company has tapped Asif Khalid as its first COO, a position created “specifically to allow the company to leverage his diverse skills” in the beverage space, according to a press release.
Powerade: Coke’s Other Sports Drink Ready to “Go After Gatorade” With New Formula & Design
The Coca-Cola Company-owned brand unveiled a new look and upgraded formulation this week as it aims to modernize the line. The updated products, in both original and Zero Sugar varieties, will now feature twice as many electrolytes as Gatorade and will also contain Vitamins B12 and C, the company announced yesterday.