News

Biodegradable Bottled Water Brand Cove Launches in Erewhon

After years of research and development, sustainable beverage company Cove is introducing its biodegradable bottled water next month in Erewhon stores in California. Since 2018, California-based Cove has been working to develop a truly revolutionary innovation with the potential to address systemic sustainability and recycling challenges: a plastic-free, biodegradable bottle.

Kalsec Names New CEO and New President

The Kalamazoo Holdings Board of Directors (Board) has appointed Robert Wheeler as the new Chief Executive Officer (CEO) of Kalsec Inc. Wheeler succeeds Dr. Scott Nykaza, who officially retires December 31, after 23 years of remarkable service and success.

Blue Run Spirits Expands Rye Whiskey Portfolio with Release of Emerald Rye

Blue Run Spirits announces the second release in its Rye Whiskey series – Blue Run Emerald Rye Whiskey. This marks the first Blue Run Rye Whiskey to be contract distilled by Blue Run Liquid Advisor Jim Rutledge at Castle & Key Distillery in Frankfort, Kentucky and the first Blue Run Rye to be bottled at barrel proof.

Oatly to Cut Jobs, Switch to Hybrid Production Model After Q3 Report

Oatly announced it will lay off staff and transition the business to an “asset-light” hybrid production model after reporting a net loss of $107.9 million, with revenue growth falling short of analysts’ expectations, in its Q3 earnings report today.

Kroger-Albertsons: Judge Extends Temporary Block on $4 Billion Special Dividend

A judge from Washington State has extended the temporary block on a $4 billion payout to Albertsons’ shareholders in an effort to halt the cash dividend until the grocery giant’s proposed merger with Kroger can be fully reviewed by federal regulators. Judge Ken Schubert of King County Superior Court last week extended the temporary restraining order (TRO), now effective until Nov. 17.

Study Suggests Spirits-Based RTD Excise Tax Cuts Cost Consumers More; DISCUS Calls Study ‘Misleading’

Trade groups across beer and spirits continue to fight over whether spirits-based, ready-to-drink canned cocktails (RTDs) should be taxed at the same as malt-based alternatives. The argument came to a head this month when Public Sector Consultants (PSC) released a study claiming decreased excise tax rates for spirits-based RTDs have cost consumers more on shelf.

StrikePoint CPG Accelerator Partners with Chlorophyll Water

Chlorophyll Water, a cutting-edge functional water beverage brand, America’s first-ever bottled water to pass and receive Clean Label Project Certification has announced that it has reached an agreement with Strikepoint CPG Accelerator for expansion of it’s 100% Pure Mountain Spring Water throughout the state of Texas.

Cove Kombucha Unveils Rebranded Cans, Launches Gut Healthy Soda Line

Nova Scotia-based Cove Kombucha unveiled a new look for its line of canned kombuchas this week, ahead of an upcoming U.S. launch. Cove, founded in 2016 by brothers John and Ryan MacLellan, is currently sold in around 1,000 stores across Canada.

Corazón Tequila Releases Expresiones del Corazón 2022 Collection

Corazón Tequila is thrilled to announce its Expresiones del Corazón 2022 Collection, featuring two limited-edition añejo tequilas aged in barrels formerly used to age Eagle Rare 17-Year-Old Bourbon and Thomas H. Handy Sazerac Rye Whiskey.