Anheuser-Busch To Sell Hiball, 8 Craft Beer Brands to Tilray
Tilray Brands is acquiring eight craft brands from Anheuser-Busch InBev in a blockbuster all cash deal announced today.
Swiss Firm Marussia Beverages Acquires Ohio’s Watershed Distillery
Ohio’s Watershed Distillery has been acquired by New Jersey-based Marussia Beverages USA, the U.S.-arm of Swiss firm Marussia Beverages Group.
Lock’d and Reloaded: Takeover Industries’ New CEO Looks to Pick Up the Pieces
At the beginning of 2023, Takeover Industries appeared to be at death’s door. But things look different now: there’s a new CEO, a rebranded product portfolio, its relationship with Manny Pacquiao is restored and at least some of the legal cases are closed. The company is now aiming to get back on track as Next Gen Beverage.
Judge Dismisses RISE Brewing’s Trademark Suit Against PepsiCo’s MTN DEW Rise Energy
A New York federal judge yesterday dismissed a years-long trademark suit from nitro cold brew maker RISE Brewing Co. accusing PepsiCo of using a “confusingly similar” name for its MTN DEW Rise morning energy drink.
Taste Radio: New Or Exciting? It Helps To Be Both, But If We Had To Pick One…
The hosts discussed a celebrity foodie’s new glitzy brand of $10/box pasta, the debut of a black-owned and gastronomic-inspired brand of toaster pastries at Target; French’s sweet limited-time partner and a brief recap of the recently held 2023 Tales Of The Cocktail convention. Also featured is the latest edition of Special Ops with Andrew Guard, in which the operations expert shares his take on both opportunities and challenges that are impacting new and emerging beverage and food companies.
This Week’s New Products: Mango Chile Sparkling Water, Pumpkin Spice Protein Powder and Ube Milk Tea
In this week’s roundup of new products, TWRL whips up a modern twist on classic black tea, Orgain gets a head start on pumpkin spice season and Aura Bora spices up its collection of sparkling waters.
Monster: Plans for Bang Become Clearer In Q2 Earnings Call
After completing its acquisition of Bang manufacturer Vital Pharmaceuticals’ assets on July 31 for $362 million, Monster co-CEO Rodney Sacks said during the company’s Q2 2023 earnings call yesterday that it is now preparing to fully integrate its former rival into the Monster Energy system.
“The Pathway to Success is Very Narrow”: RTD Vervet on Shutting Down
Vervet, a farm-to-can sparkling cocktail line, announced yesterday it is winding down its business after the marketing costs required to compete with the recent influx of other RTD cocktails made the business unviable.
Distribution Roundup: Mixly Expands In Midwest, Space Tea Goes National At Sprouts
Premium mixer brand Mixly hits 80 HyVee store shelves while both kids drink maker PLEZi and adaptogenic iced tea company Space Tea go into Sprouts Farmers Markets. Non-alc marketing firm SipSteady partners with Handcrafted Wines and Spirits to bring more zero-proof brands to Midwestern store shelves.
NIQ: RTDs Reach $10B, Spirits and FMBs Drive Growth
Ready-to-drink and serve products have surpassed $10 billion dollar sales in off-premise channels in the latest 52 weeks ending July 8, representing a 7% increase compared to the previous period, according to an NIQ report released on Wednesday.
Limitless Founder Matros to Start CPG Insurance Agency, Affiliate Marketing Firm
After Matt Matros sold Limitless to KDP in 2020, the serial entrepreneur wasn’t one to spend much time doing nothing. Now, Matros is looking to the backend of the business with a trio of new ventures, including BrandRock, a specialized CPG insurance firm launching this month.
NOSH Notables 2023: Meet the 50 People Influencing the Food Business
Who is worth knowing, or at least knowing about? We’re answering these questions – and many others – with our first-ever NOSH Notables List.
Jeng Seeks a Better Buzz with THC Non-Alc Cocktail Line
As with many beverage entrepreneurs, co-founders John Enghauser and Nicole Bray were inspired to enter the drinks game as a means of meeting their own demand – in their case for a non-alcoholic cocktail alternative. Three years later, with the introduction of its new line of THC-infused drinks, New York-based Jeng is fully embracing the call for a better buzz.
GT Kombucha Ordered To Pay $450K In Wage Theft, Worker Abuse Case
A Los Angeles County Superior court has ruled in favor of former employees of GT's kombucha company ordering it to pay over $450,000 in restitution over labor violations like wage theft, worker abuse and retaliation.