Siddhi Capital announced the closing of its second fund today at $135 million; the new vehicle marks the firm’s shift from startup to growth equity stage investments and a broadening beyond food and beverage.
Also in this edition: the FDA warns of a deadly Kratom product, Jones Soda secures $3 million private placement, why The Aether Group is going after mezcal and more.
There’s high praise, some head-scratching and outright dismay in this innovation-centric episode of Taste Radio. Among the highlights: an upstart labneh brand and a Gen Z-inspired line of better-for-you soda. Less appealing: a corporation’s commodification of ethnic foods and global flavors.
Sometimes it’s a brand’s challenges that make it an attractive acquisition target. Last week, the Aether Group, a recently launched incubator and brand house from a former Coca-Cola executive made its first acquisition: Corte Vetusto, a mezcal brand with a U.K. footprint whose U.S. distribution stalled due to the pandemic.
In this week’s new products roundup, Chobani and La Colombe gear up for fall, Celsius takes inspiration from a classic soda flavor and ALOHA shows off its new PET packaging for its protein drinks.
Non-alcoholic beverage sales remained solid in early July as volume sales accelerated in the two-week period ending July 13, according to an analysis of NielsenIQ retail scanner data by Goldman Sachs Equity Research. Retail dollar sales grew +3.6% in the two-week period, compared to +3.9% in the four-week period.
Southern Glazer’s Wine & Spirits has plans to acquire Horizon Beverage Group, Southern Glazer’s announced today. The deal includes all of Norton, Massachusetts-based Horizon Beverage’s Massachusetts and Rhode Island operations and beer, wine and spirits portfolio, adding two states to the largest bev-alc distributor’s footprint.
For winemaker Samantha Sheehan, the spritz’s rise to one of the most popular cocktails in the U.S. has been a boost to her Napa-based aperitif brand Mommenpop.
Keurig Dr Pepper reported single-digit net sales growth and margin expansion in its Q2 2024 earnings call amid challenges in coffee pricing and at-home consumption.
This report, which focuses on functional beverages for women, features exclusive content created just for our BevNET Insider audience!
Oatly saw volumes grow in all segments during Q2 and credited its shift to an asset-light supply chain model as the key driver, allowing the brand to reduce its cost structure and focus on more efficient execution, per an earnings report this morning.
After being stuck in limbo for much of July following the passage of regulations on THC-infused beverages in Iowa, Iowa City-based Climbing Kites is pushing new products into retailers this week.
Miguel Leal, the co-founder and CEO of modern Mexican food brand Somos Foods, talks about how the company adjusted its positioning to resonate with a broader audience; how Somos identified areas for improvement. and how his timeline for an potential acquisition has changed significantly.
Coca-Cola’s volume growth overseas has helped buoy softening numbers in North America, where declines across water, sports drinks, coffee/tea, soda and its flagship brand dragged volume down 1% in Q2 2024.
