Rowdy Energy To Shut Down This Month
Rowdy Energy’s former CEO Jeff Church, who co-founded the brand with NASCAR star Kyle Busch in 2020, revealed that the energy drink company will be shutting down its operations by the end of this month.
Nielsen: Non-Alc Beverage Sales “Healthy” Over Christmas Despite Volume Declines
Non-alcoholic beverage sales “remained healthy” while volume sales worsened during the two-week period ending December 30, 2023, according to the latest analysis of NielsenIQ data by Goldman Sachs Equity Research. Dollar sales in the two-week period rose 3.4%, compared to +3.5% in the four-weeks and +8.2% in the 52-week period.
Tilray Bev-Alc Division Reports +117% Revenue Growth in Q2; Gross Margin Down -13%
The beverage alcohol division of Canadian cannabis giant Tilray grew revenue +117%, to $46.5 million, in the second quarter of the company’s fiscal year compared to the same quarter last year, the company reported Tuesday.
Taste Radio: Why Selling Her Company Was The Right – If Unpopular – Decision
Alix Peabody, the founder of pioneering canned wine brand Bev, chronicled the three years leading up the acquisition of her company by global wine and spirits company E & J Gallo, how she analyzed the timing and opportunity to sell, and the resulting – and surprising – fallout with confidants.
Non-Alc Retailer Boisson Sets Course for Wholesale Expansion
In the midst of Dry January, leading non-alc retailer Boisson has announced it is expanding its national wholesale business.
Oatly Launches Two New Plant Milks, Seeks to “Go Deeper with Existing Customers”
After several years focused primarily on innovating in the food space, Swedish plant-based products maker Oatly is getting back to basics with two new oat milk launches: Unsweetened Oatmilk and Super Basic Oatmilk.
Within ‘Intimidating’ Category, American Single Malt Whiskey Brands Seek Education & Evolution
In a move that confirmed growing consumer thirst for what was once a niche spirit, last year the U.S. Tax and Trade Bureau (TTB) announced that it is on the cusp of releasing an official definition of American single malt whiskey, the first new spirit category to be defined in several years. As producers await the official standard, we checked in with several leading brands about what it means and what comes next.
Matagrano to Acquire Bottomley, Add Around 1.8 Million Cases
Matagrano, an independent South San Francisco-based Anheuser-Busch distributor, has inked a deal to acquire Bottomley Distributing, which services Silicon Valley and the South Bay Area.
Taste Radio: Will Target’s ‘Dry’ Bet Pay Off? Plus, A Convo With CraftCo.
The hosts discussed the retailer’s new curated endcaps of non-alcoholic RTD cocktails and wine, and why a fast-growing hydration brand has taken a bigger-is-better approach to its packaging. We also spoke with master distiller Will Fabry about his stewardship of CraftCo’s acclaimed spirit brands.
This Week’s New Products: Dry January Mocktails, Plus PRIME, Celsius and Chameleon
In this week’s new products roundup, Hiyo, OPTIMIST and House of Love launch new non-alc offerings to help get you through Dry January, Celsius grows its fizz-free product line and Chameleon offers you a new way to consume your favorite Girl Scout cookies.
Rainforest Distribution Acquires New England Distributor Associated Buyers
Rainforest Distribution Corp. has acquired New England natural and specialty foods distributor Associated Buyers, the companies announced this week. According to a press release, the companies will take roughly two months to transition the Associated Buyers’ network into the Rainforest system.
The Drivers Shaping RTDs, Spirits and Non-Alc in 2024
What core drivers are BevAlc experts watching in 2024? We checked in with a data analyst, consultant and major retailer buyer on their outlook, including what investors will be looking for, where there might be white space in hot categories, and how retailers are making buying decisions.
With Humm Acquisition, SYSTM Homes in on Gut Health
Yesterday, California-based CPG company SYSTM Foods announced it had acquired Humm Kombucha for an undisclosed sum. The deal now places the nearly 15-year-old brand under the command of SYSTM’s executive team, which also operates two other functional beverage acquisitions - REBBL and Chameleon Organic Coffee.
BevNET & Nosh Community Calls This January: Whole Foods, Expo West & Shopping Trends
Discover the secrets of exponential growth in CPG, learn how to navigate Whole Foods, dive into data-driven trends for building your business, explore updates and best practices for Expo West 2024, and hear from NielsenIQ on navigating today’s shopping trends.