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.
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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!
NielsenIQ: Non-Alc Beverage Sales Decelerate in Late June
Non-alcoholic beverage sales growth remained healthy despite some deceleration in the two-week period ending June 29, according to the latest analysis of NielsenIQ retail scanner data by Goldman Sachs Equity Research.
Star Power? How Influencer and Celebrity Brands Are Faring In a Saturated Spirits Market
Ever since Diageo’s acquisition of Casamigos made George Clooney a billionaire overnight, there’s been a race to the shelf from celebrity-backed brands. But with the wider spirits downturn, how have these business models evolved and where do they have an edge, if at all?
People Moves: Pressed Juicery Names New CFO
Former Health-Ade CFO Gary Cooperman has been appointed to Pressed Juicery's leadership team in a split role as CFO and COO where he is focusing on expanding the brand's retail presence.
Alliance Consumer Growth Closes $160M Fund V
Growth equity investment firm Alliance Consumer Growth (ACG) announced today it has closed on a new, $160 million fund, the company’s fifth. The new fund brings ACG’s lifetime financing to over $1 billion in aggregate capital commitments, the firm said.
Joe Tea ‘Crawls’ Into Cans
Joe Tea is is testing out its new canned format in three-SKUs as the company diversifies its distribution options into DTC, ecommerce and on-premise locations where glass bottles are prohibited.
BevNET & Nosh Community Calls This July: Gaining Traction in CPG, Mastering Product Market Fit, and Honoring CPG’s Most Influential People of 2024
Get ready for our July Community Calls! This month, dive into GNGR Labs’ hands-on growth strategies, find out how to dial in product market fit for a successful product launch, and join us as we reveal the 2024 Nosh Notables list.
Gallo Expands Luxury Portfolio with Ron del Barrilito and Derrumbes Mezcal
Spirit of Gallo is adding mezcal into its expanding super premium portfolio, while returning to top-end rum with an investment in Ron del Barrilito.
Taste Radio: Simon Ford Built – And Sold – His Brand By Following A Simple Rule
Simon Ford, the co-founder of revered spirit brand Fords Gin, explains why he “never pitches business,” the reasons behind successful and unsuccessful relationships, his belief that naivety is a gift and how he cultivated a strategic partnership with beverage alcohol giant Brown-Forman.
Athletic Brewing Closes On $50M Equity Financing Round, Led By PE Firm General Atlantic
Fast-rising non-alcoholic beer maker Athletic Brewing Company has closed a $50 million “equity financing round” led by private equity firm General Atlantic, with several key investors from previous fundraising rounds also participating.
BevNET Live: The New Pro Partnership with Bar Malik and Jadakiss
In this video, Bar Malik and BevNET managing editor Martín Caballero discuss how Malik’s unique background as director of performance for the New York Knicks informed his approach to launching a hydration brand and how authenticity was the key to winning “Wemby.”
BevNET Live: Sports Marketing Evolution – Using NIL
In this discussion from BevNET Live Summer 2024, Andrew Mavis, founder and CEO of college-based influencer platform 98Strong, and Slate Milk co-founder Manny Lubin examine how the personal and localized appeal of college and university athletes can utilized by brands for regional launches.