News

Reed’s: Net Sales Rise, Expenses Fall in Q2

Craft beverage brand Reed’s Inc. reported a 14% increase in net sales during the second quarter of this year, for which the company credited recent product innovation as well as 19% volume growth in the core Reed’s brand.

Koia Launches Thrive to Meet Natural Consumer Needs

According to CEO Chris Hunter, Koia has designed products with the natural consumer in mind, though never more explicitly than with its newest release, Thrive — a three-SKU line of oat milk-based, allergen-free ‘mood booster’ refrigerated smoothies launching this month.

ANGOSTURA Launches Cocoa Bitters

Mizkan America, Inc., the exclusive North American distributor and sales agent for ANGOSTURA® bitters, announced the introduction of ANGOSTURA® cocoa bitters.

Torani Completes Move to New Flavor Factory HQ

Torani, the 95-year-old flavor company best known for introducing the Italian soda to America and creating the world’s first flavored latte, has completed the move from South San Francisco across the Bay to its new 330,000 square foot Flavor Factory in San Leandro, California.

Sports Medicine: Electrolit Makes Rapid Rise into Refreshment

According to market research firm IRI, Electrolit -- developed as a medical solution to treat dehydration -- is among the highest growing sports drinks brands in the country, with dollar sales up 78.4% to $62.9 million for the 52-week period ending June 30 -- making it the fourth largest brand in the category behind Gatorade, Powerade and BodyArmor.

Office Hours: Corporate VC During Covid-19 with General Mills, Pepsi, Distill Ventures

The state of strategic venture units during the ongoing Covid-19 pandemic will be explored during Office Hours on Tuesday, Aug. 11 at 3 p.m. ET when our guests will be the John Haugen, Heidi Dillon Otto, and Daniel Grubbs, the leaders, respectively, of 301 INC (General Mills), Distill Ventures North America and PepsiCo Ventures Group. Office Hours viewers are encouraged to submit questions before and during the show, and will be invited to join the discussion live.

Covet PR Acquired, CEO Says Traditional PR Is ‘Broken’

This week Covet PR, a public relations firm focused on CPG and wellness, announced it had been acquired by digital marketing company Power Digital. The firm, which was founded by Sara Brooks in 2014, will now be known as the Covet Consumer Business Unit, with Brooks taking on the role of President.

GIVN Water Now Available at Publix

GIVN Water, the nation's leading socially conscious premium spring water that provides one day of clean water to people in need for every bottle sold, is proud to announce that it is now available at 400+ Publix stores.

Coral Cay Distilling Announces Partnership with Opici Family Distributing

The forecast is warm with eternal sunshine complimented by luxury relaxation. Coral Cay Beverage Group announces that its Portfolio of award-winning Tommy Bahama Spirits + Tommy Travelers will be available through Opici Family Distributing beginning August 1, 2020.

Sanzo Raises $1.3 Million in Funding Round

Sanzo, the New York-based maker of a line of Asian-inspired sparkling waters, announced today that it has raised $1.3 million in a funding round poised to help the brand expand its retail footprint. The round includes investments from Away co-founder Jen Rubio, Adobe Creative Cloud CPO and EVP Scott Belsky and Boba Guys co-founders Andrew Chau and Bin Chen.

Israel’s M&H Distillery (Milk & Honey) Arrives in the U.S.

M&H Distillery (Milk & Honey), Israel's first whisky distillery, announces its long-awaited U.S. launch in August 2020. The launch will be focused around the release of M&H Distillery's first Classic Single Malt Whisky.