In this episode of the podcast, we discuss some of the big stories in the food and beverage business, including tough press for Juicero, operational issues for brands like Soylent and Reed’s, and the ways the largest, publicly-traded food and beverage companies are attempting to refresh their lineups through transactions -- and through change at the top.
Bai, which DPSG acquired for $1.7 billion in November, saw 80 percent volume growth over the quarter. While the company is optimistic for Bai’s flagship brand to grow, current predictions point to Bai Bubbles, Supertea, and Black having the greatest potential, particularly as the sparkling water category sees double-digit growth, according to DPSG CEO Larry Young.
Green Park CEO Livio Bisterzo described the venture as a true partnership, noting that Ugly will operate as separate, stand-alone vertical with co-CEOs and co-founders Joe Benn and Hugh Thomas at the helm.
The Coca-Cola Company’s goal of a “leaner, more agile operating model” will include cutting 1,200 corporate jobs across the company, incoming CEO James Quincey reported Tuesday during the beverage giant’s Q1 report to investors.
The company issued a statement announcing the recall on Friday. The statement was posted on its website and that of the U.S. Food and Drug Administration. According to Soylent’s shipping records, the recalled boxes each contain seven 15 oz. pouches and were shipped to 610 customers.
Industry veteran and Reed’s director Stefan Freeman has taken the reins as interim CEO while Reed assumed the newly created role of Chief Innovation Officer (CIO).
Last week PepsiCo removed bottled Stubborn Soda and Caleb’s Kola products from the market after discovering recent batches were inadvertently made with beet sugar. The craft sodas are normally formulated with Fair Trade Certified cane sugar and the gaffe was the result of a supplier error, according to the company.
The home juicer/foodtech startup, which famously raised $120 million in venture capital funding, seemed to be soaring for the stars. But as they say on the internet, life comes at you fast -- and the internet came at Juicero at the speed of life this week.
In a recent interview recorded for this edition of the BevNET podcast, Hippeas founder Livio Bisterzo credited the rapid success of the brand to marketing that’s less about the functional attributes of the snacks and more about reaching a broad base of consumers.
The company's move to a new 20,000 sq. ft. production facility, due to be fully operational this fall, helped make the deal to enter 4,500 GNC locations nationwide possible.
In this edition of Press Clips: Bulletproof is headed to the Big Apple; one year after Berkeley, Calif.’s tax on sugar-sweetened beverages took effect, citywide sales of sugar-sweetened drinks fell by nearly 10 percent; the first colorless coffee in the world hits the market.
BodyArmor will debut its first TV spot Wednesday night with a 30-second commercial designed by retired L.A. Lakers superstar Kobe Bryant. The commercial, which will air on TNT during the NBA playoffs, kicks off a multimillion dollar ad campaign that is set to be the sports drink brand’s largest to date.
Lifeway Foods is facing a class-action suit alleging that it deceived customers in claiming its Plain Kefir is “99 percent lactose free," while the ex-CEO of Jammin' Java reaches a settlement with the U.S. Securities and Exchange Commission.
In an interview with BevNET, Laufer said he was motivated by the “social and environmental impact that I could be a part of.”
