Diageo Sells Rum Brand Pampero to Gruppo Montenegro
Diageo has completed its second brand sale in the span of a month, announcing today it has offloaded Venezuelan rum label Pampero to Italian food and spirits company Gruppo Montenegro.
News
Elevator Talk: Pecana, KEY, Vigie Limoncello, (parentheses), Water Plus Supplements
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Adam Louras, a partner with Mercenary, who shared his thoughts, questions and feedback with the participants.
Tropicana’s “Creative Renaissance” Revamps Naked, Modernizes Marketing
Three years after PepsiCo divested its stake to private equity firm PAI Partners, the Tropicana Brands Group (TBG) has established a clear operational philosophy: act like a “$3 billion startup.”
Beverage Bytes Survey: C-Stores Celebrate Good Times, For Now
Convenience store retailers are an upbeat bunch at the moment, per the latest Beverage Bytes survey of around 30,000 retail locations (~20% of the channel) by Goldman Sachs Equity Research.
Uncle Nearest Launches Mentorship Program to Cultivate Brand Advocacy, Bar Industry Leaders
Fast-growing whiskey company Uncle Nearest has launched a unique trade mentorship program, leveraging a brand advocacy strategy its creator said is centered on investing in bartenders and building long-term relationships.
Taste Radio: Adapt & Evolve. How Guittard’s Sweet Strategy Continues To Pay Off.
Amy Guittard, the CMO and fifth-generation owner of Guittard Chocolate, speaks about the duality of her role as both a steward and agent of change, the challenge of competing with both small brands and large conglomerates and how she helped the company navigate a major threat to its core business.
Marketing: Steph and Ayesha Curry Join PLEZi Nutrition; MTN DEW Introduces ‘The Mountain Dude’
Golden State Warriors star and CPG investor Stephen Curry and his wife, Ayesha, announced today they have joined PLEZi, the kids drink brand co-founded by former First Lady Michelle Obama, as investors and brand partners.
Distribution: Prebiotic Soda LEVO Launches Retail with Kroger; Yesly Goes Nationwide
LEVO, a prebiotic soda brand launched by Phocus parent company Clear Cut Brands, is launching into retail with Kroger supermarket accounts, the brand announced this month; Functional water brand Yesly is going national with a limited time launch at Sprouts Farmers Market stores.
Spirits Distribution: Tribini Buzzes into Jersey, Mid-Proof Sommarøy Spirits Hits Grocery
Our latest distribution roundup finds Tribini amping up the buzz in Jersey and mid-proof Sommarøy Spirits making headway into the grocery channel, while tequila products Margs and Lo Siento sign deals with new distributors as they go deep in Virginia and Georgia respectively.
Pernod Ricard Spins Out American Whiskey Subsidiary
Pernod Ricard is honing in on its American whiskey ambitions with a new U.S.-based subsidiary, North American Distillers (NADL), responsible for global operations for all of its American whiskey portfolio brands.
Taste Radio: Can Kombucha Make A Comeback? Money Is Still Flowing… In Some Spaces.
It’s a “buy or sell” episode as the hosts opine about the future of online grocery shopping, fish sticks, and whether kombucha can recapture some of its magic (and sales). They also discuss Athletic Brewing Co.’s recent $50 million financing round and highlight a few fizzy and spicy new products.
NIQ: Total BevAlc Sales Slip Through End of June
The latest data set from NIQ showed a modest slowdown in sales growth for total BevAlc in the two-week period before June 29, according to analysis from Goldman Sachs Equity Research.
New Products: Mitra9’s First Foray into Kanna, Plus Califia, Juvee, Snapple & More
In this week’s new products roundup, Mitra9 ventures into the Kanna-infused beverage space, Alani Nu’s Hawaiian Shaved Ice gets refreshed both outside and inside the can and Chobani expands its tea lineup.
FABID Q2 Report: Food & Beverage Investment Activity
This is the first of our exclusive quarterly food and beverage industry reports from FABID. This report, which focuses on Q2 2024 food and beverage venture activity, features exclusive content created just for our BevNET and Nosh Insider audience!