ROAR Organics added a new $6 million investment tranche to the $10 million had raised thus far this year. The new capital is expected to go towards marketing by re-upping its promotional partnerships and building on the success of its RTD beverage and the relaunch of powders.
In this video from BevNET Live Winter 2023, held December 4-5 in Marina del Rey, California, a trio of leaders at Albertsons sat down to discuss what they look for in the brands they bring in and how entrepreneurs can make the most of their relationship with the retailer.
PRIME is a phenomenon. The brand has risen to become a major player in the sports drink category and is generating hundreds of millions of dollars in revenue. What makes it so special? The hosts unpacked PRIME’s appeal and remarkable success. They also highlighted a viral Doritos-flavored spirit, key details to include in investor pitches and a new Girl Scout cookie-inspired snack.
Chobani has paid $900 million to acquire coffee roaster and retailer La Colombe, the company announced today, a move that sees Keurig Dr Pepper, a minority investor in La Colombe, become an equity stakeholder in the yogurt and dairy company.
In this week’s new products roundup, International Delight takes inspiration from one of Netflix's most talked about original series, Elmhurst 1925 and Aura Bora announced the return of seasonal favorites and Cali Sober seeks to make a splash in the THC-infused mocktail space.
Campari has committed to acquiring cognac Courvoisier from Beam Suntory for an initial price of $1.2 billion, amounting to the biggest deal in the Italian spirit group’s history.
Investment firm Pronghorn came to BevNET Live Winter 2023 to talk about how it invested $200 million to empower more Black spirits brands in its first year.
Total BevAlc sales growth decelerated slightly with volume up across spirits, wine and cider, while more negative on sequential basis for beer, hard seltzer and flavored malt beverage during the two-week period that ended December 2, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Empirical, an experimental spirits company created by alumni of the famed restaurant Noma, has filed for bankruptcy for its Danish operations, although the founders insist business in the U.S. or globally will not be impacted and that its stateside business is “thriving."
As it looks to expand its team to match its fast-growing footprint, discount grocery ecommerce platform Martie has raised $7 million in a new funding round led by Upfront Ventures, the company announced this week.
Non-alcoholic beverage sales decelerated over the Thanksgiving holiday, according to the latest analysis of NielsenIQ data by Goldman Sachs Equity Research covering the two-week period ending December 2.
We are proud to present the first-ever winners of BevNET’s 2023 Best Spirits Awards, a group that is reshaping and reimagining consumers’ relationship with alcohol with style, personality and persistence.
The process of successfully transforming a brand into a portfolio company, which is certainly no small feat, was a hot topic of discussion at BevNET Live Winter 2023, which took place last week on December 4 and 5 in Marina Del Rey, California.
Zero sugar tea and lemonade maker Swoon today named two new executives, both with experience at large CPG companies, to oversee marketing and sales. Sarah Gustat will serve as Swoon’s first ever CMO and brings over 15 years experience in the beverage industry.
