Aria Growth Partners Closes $152M Fund-II
Buoyed by strategic exits of portfolio companies LesserEvil and Hero Cosmetics, Aria Growth Partners announced today the close of its second fund with $152 million in capital commitments.
News
Are Consumers Moving Past Inflation? The Answer is Complicated.
In its latest State of the Shopper consumer survey this week, Acosta Group reported that U.S. consumers are spending more and feeling less anxious about inflation. That improvement, however, comes with a caveat.
Rum, Rhythm & Retail: Casalú Aims to Be The ‘Latino High Noon’
Pitching themselves as the “Latino High Noon” may have gotten Casalú, a rum-based ready-to-drink (RTD) cocktail, into retailers, but that doesn’t paint the whole picture.
Beverage Sales, Volume Trending Positive As Summer Heats Up
Non-alcoholic beverage sales are trending upward in the two-week period ended June 14, as volume rose and pricing dipped, according to the latest NielsenIQ data analysis by Goldman Sachs Equity Research.
GoodPop Set to Exit Beverages, Refocus on Core Frozen Biz
GoodPop has discontinued its kid-positioned sparkling juice drinks in order to focus on its core offerings in frozen treats.
BevNET Live: Jack Belsito Breaks Down His Comeback Turn at VOSS
Jack Belsito has been around the block. With a resume that includes turns as the CEO of Snapple Beverage, VOSS of Norway and Health-Ade – and now back at VOSS as CEO of the water brand’s Americas division – Belsito leads with over 35 years of consumer products experience.
Taste Radio: Ghost Wasn’t Created To Be A Billion-Dollar Brand. That’s Why It Is One.
How did a company that deliberately avoided a traditional marketing playbook become a billion-dollar player in sports nutrition and energy? Dan Lourenco, the co-founder and CEO of Ghost, talks about the brand’s path from niche sports nutrition startup to household name in the beverage and active lifestyle space.
Infused Spirit Maker MXXN Returns With First Release in Four Years
Four years since its last release, MXXN is today marking the start of a busy summer with a new SKU -- the white rum-inspired Barbados Blanco -- that aims to build on the brand’s work positioning itself as a high-end THC-spirit experience, even as the category has commoditized around familiar RTD formats.
Beer Distributors Love Alani Nu, But Could They Soon Lose It?
93% of beer distributors said Alani Nu is a strong focus of their NA portfolios and they are not de-emphasizing sales even if Celsius’ $1.8 billion purchase of the energy and protein drink brand in February opens the door for a distribution shakeup.
Rancho La Gloria Producer Patco Brands Moves Distribution to California Beverage Solution
Patco Brands, the manufacturer of one of the leading wine-based ready-to-drink (RTD) products and other private label brands, will move its California distribution to California Beverage Solution (CBS) August 1, the companies announced today.
Jones Soda Exits Marijuana Mary Jones Drinks, Maintains HD9 Products
Jones Soda is offloading its Mary Jones intoxicating hemp brand to a privately held cannabis business as the drink maker “streamlines operations” and “focuses on core soda offerings.”
BevNET Live: Inside Funding Collectives and What it Means to Build Community
While companies may face the public with a singular figurehead in a CEO or a founder, it takes a village to build a business. That’s increasingly true on the investment side as well, where multi-member syndicates and shared platforms are increasingly putting their collective weight behind beverage brands.
A Round With: Scott Ramsey on How Cider Showcases New York’s ‘Agricultural Strength, Rural Economies and Regional Pride’
More than 125 licensed producers craft more than 5 million gallons of cider annually in New York, making the Empire State the largest cider-producing state in the U.S. by active cideries, according to the New York Cider Association (NYCA).
Texas Gov. Vetoes Hemp Ban, Backs ‘Legally Sustainable’ Regulations
Texas Gov. Greg Abbott has vetoed a bill that would have banned intoxicating hemp products in the state, sending the hotly debated issue back to the Legislature through a special session tasked with producing "strict, fair and legally sustainable” regulations.