News

BevNET & Nosh Community Calls This May: Thriving on Sprouts’ Shelves, Foxtrot Fallout, Strategic Customer Collaboration, and Building Your Dream Team

by BevNET.com Staff, Apr. 29, 2024 at 4:36 pm

Get ready for our May Community Calls! This month, learn what to do when a key account disappears, how to leverage NCG to amplify sales and distribution, find advisors and assemble a board, curate a winning portfolio with customer feedback, and get on shelf at Sprouts. Our May calls are free and open to the public - just register in advance and mark your calendar.

BevNET Launches New Press Release Portal

by BevNET.com Staff, Apr. 29, 2024 at 11:37 am

With our new self-service press release portal, you can get your press release / news posted more quickly with increased control over formatting AND the ability to make changes after publishing.

Profile: ‘Every Man’ Bottled Water Startup FNSH Hydration Hopes For Running Start

by Brad Avery, Apr. 29, 2024 at 11:17 am

In the punishing marathon of growing a startup beverage company, the majority of brands, sadly, never make it to the finish line. But Jay Williams, the founder and “Chief FNSHer” of bottled water brand FNSH Hydration, has been preparing for this run for a long time.

Struggling CPG Lender Ampla Up For Sale; Brands Face Credit Concerns

by Jeffrey Klineman, Apr. 29, 2024 at 8:49 am

An important source of working capital for early stage food and beverage entrepreneurs is in turmoil as fintech consumer brand lender Ampla and its investors have spent the last several weeks fighting off collapse.

Taste Radio: It’s Not Just You. Everything Looks The Same. Is That A Bad Thing?

by BevNET.com Staff, Apr. 26, 2024 at 5:06 pm

Call it the millennial/Gen Z effect. A retro aesthetic is the defining characteristic of modern package design as new brands incorporate the vibe and culture of decades past into product labels. But has the trend made it more challenging for emerging brands to stand out?

Táche Pushes Pistachio’s Coffee Connections With New RTD Latte

by Martín Caballero, Apr. 26, 2024 at 4:00 pm

Last month, the New York-based brand quietly introduced its first-ever single-serve product, Táche Pistachio Milk Latte, sold in 11 oz. cartons. A labor of love for founder/CEO Roxana Saidi, the drink is also a critical piece of the company’s growth strategy for growing awareness and acceptance of pistachio milks.

Beverage Vet Brandon Cason, Jason Aldean Team Up for New Hard Tea, Teabird

by Ferron Salniker, Apr. 26, 2024 at 1:58 pm

Brandon Cason, the founder of Canteen Spirits and Waterloo Sparkling Water, is moving into malternatives with the release of TEABIRD this week, a hard tea backed by country music star Jason Aldean.

FX Matt Acquires ’Merican Mule Canned Cocktails

by Zoe Licata, Apr. 26, 2024 at 12:10 pm

FX Matt Brewing Company has made another strategic acquisition, this time in the spirits category. The Utica, New York-based brewery has acquired spirited-based RTD company ’Merican Mule, headquartered in Norwalk, Connecticut.

New Products: Parch’s Collab With Daybreaker, Plus ZOA, General Admission, Mio & More

by BevNET.com Staff, Apr. 26, 2024 at 11:30 am

In this week’s new products roundup, Boston Beer Company grows its portfolio of non-alcoholic offerings, Parch launches its first ever co-branded product in partnership with Daybreaker and KEY enters the energy drink market with its ketone-infused beverage.

Pernod Ricard Sales Drop -2% As U.S. Double-Digit Declines Persist

by Ferron Salniker, Apr. 25, 2024 at 5:23 pm

Pernod Ricard is still facing headwinds in the U.S. and China after reporting a -2% organic decline in sales in the first nine months of FY 2024, with sales expected to stay “broadly stable” for the rest of the year.

KDP: Q1 Earnings Welcome New CEO, Focus On Coffee

by Lukas Southard, Apr. 25, 2024 at 2:10 pm

Keurig Dr Pepper brought its incoming CEO to its Q1 earnings call which included positive sales growth, a slight dip in net income driven by the company's still-recovering coffee segment and a gross margin gain.

People Moves: Congo Brands Brings in Former Red Bull Exec Rappaport

by Brad Avery, Apr. 25, 2024 at 12:20 pm

Congo Brands, the Kentucky-based company behind beverage brands Alani Nu, PRIME and 3D Energy, announced today it has hired former Red Bull executive Mark Rappaport to serve as its first Chief Commercial Officer.

Nguyen Coffee Supply Achieves Its ‘American Dream’ with Target Launch

by Brad Avery, Apr. 25, 2024 at 9:11 am

Specialty Vietnamese coffee brand Nguyen Coffee Supply is heading to the mass market with a launch into 500 Target stores across the country, a move that will grow the brand’s footprint for its RTD robusta bean coffees to over 300% since the start of the year.

Retail: Good Food Holdings Envisions Grocery’s Tech-Powered Future

by Brad Avery, Apr. 24, 2024 at 4:41 pm

Good Food Holdings has kicked off a bold new era for the company with its adoption of new in-store technology at all five of its banners, adding amenities like digital item tags, smart shopping carts, and apps with A.I. capabilities.