Join the Joy with Aperol’s Debut at Coachella Music Festival
Indio, Calf. — For the first time, Aperol, the iconic Italian aperitivo, will be bringing music fans together to make memories of a lifetime at the world-renowned Coachella Valley Music…
News
Reed’s: Net Sales +7%, Losses Down As Break-even Point In Sight
Reed’s, Inc. ended FY 2022 on an optimistic note, announcing a 7% increase in full year net sales to $53 million and a reduction in operating losses. Speaking on the company’s quarterly earnings call earlier this week, CEO Norman Snyder reiterated guidance that the company will achieve break-even cash flow in the second half of the year with gross margins above 30% and double-digit sales growth.
Taste Radio: Fleeting Fads, Lasting Trends And The Wisdom Of Seth Goldman
This week, the hosts discussed the relevance and sustainability of consumer trends and how to identify fads versus enduring concepts, extolled the virtues of Taste Radio VIP and highlighted two upcoming can’t-miss industry events. This episode also features an interview with Honest Tea/Eat The Change co-founder Seth Goldman, who discussed lessons learned from 25 years as an entrepreneur.
San Juan Seltzer Partners with Columbia Distributing to Expand Business in Washington State
San Juan Seltzer, the Pacific Northwest’s woman-founded, spiked seltzer brand, and Columbia Distributing, one of the country’s largest total beverage distributors, announced a partnership in Washington state.
Report: Feds Open Investigation into Southern Glazer’s, Alcohol Pricing
The Federal Trade Commission (FTC) has begun an antitrust investigation into Southern Glazer’s Wine and Spirits, reviewing how the nation’s largest alcoholic beverage distributor may have favorably priced wine and liquor that advantaged larger retailers, according to Politico, citing three anonymous sources “with knowledge of the probe.”
Boxed Water Expands Tree Planting Program With One Tree Planted and the Urban Forestry Action Fund
Boxed Water Is Better – the most sustainably packaged water alternative to single-use plastic bottles and aluminum cans – announced their plans today to partner with One Tree Planted and their Urban Forestry Action Fund, funding a diverse mix of urban forestry projects to help communities achieve tree equity.
R.W. Knudsen Family Launches First National Advertising Campaign, “There’s a Juice for That”
R.W. Knudsen Family, a pioneer in natural and organic fruit and vegetable juices, has launched its first-ever national advertising campaign, "There's a Juice for That" designed to showcase real-world scenarios in which consumers turn to juice for self-care.
On the Rocks Premium Cocktails Launches RTD Midori Sour
OTR Premium Cocktails, the ready-to-serve cocktail brand developed by award-winning mixologists, has released the first-ever Midori Sour offered in a ready-to-drink format. OTR's latest bar-quality cocktail combines premium Midori Liqueur and pure creativity crafted into an upscale, ready-to-serve bottle.
Wildpack Receives $20M Loan to Fuel 2023 Growth Strategy
Publicly traded canning company Wildpack Beverage announced this week it has entered an agreement to receive a $20 million 12-month secured loan from Manna Capital Partners, which will go towards scaling operations across its six U.S. manufacturing plants. The deal is expected to close on April 10.
Jack & Coke RTD Hitting Stores Nationwide
After launching in Mexico last fall, Jack Daniel’s & Coca-Cola ready-to-drink (RTD) canned cocktails have rolled out in the U.S. The 7% ABV spirits-based RTD, the result of a partnership between Coca-Cola and Jack Daniel’s parent company Brown-Forman, is inspired by the ubiquitous “Jack & Coke” bar call and combines two of the world’s most recognizable beverage brands in one package.
Son of Vietnam Veteran Co Founds 22 Salute Vodka to Honor Military
Eric Ranks, son of a Vietnam veteran, co-founded 22 Salute Vodka to honor the memory of veterans and first responders. 22 Salute Vodka is filtered 22 times to create a unique and savory experience.
Black-Owned Spirits Brand DuBlase Expands With Launch of New Bourbon
DuBlasé is pleased to announce it is expanding its spirits line with a new straight bourbon whiskey labeled No. 9, which is the brand’s first multi-grained product, and the first of its signature series, offering a bold flavor profile with notes of dried fruit and rich spices for a uniquely classic finish.
Keeper’s Heart Becomes Official Whiskey Partner Of The Minnesota Twins
O’Shaughnessy Distilling Co. is proud to launch a multiyear partnership with the hometown baseball team to make Keeper’s Heart, the most awarded new whiskey of 2022, the official whiskey of the Minnesota Twins.
Introducing Lingoncello, A New Finnish Liqueur Innovation
The tangy lingonberry surprises in the new Finnish Lingoncello handicraft liqueur, which draws inspiration from the world-famous Italian digestif classic, Limoncello.