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.
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.
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.
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.
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.
Who is worth knowing, or at least knowing about? We’re answering these questions – and many others – with our first-ever NOSH Notables List.
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.
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.
Diageo reported a 10.7% rise in net sales for fiscal year 2023, with premium-plus brands contributing 57% of overall organic net sales growth.
With summer in full swing, many ready-to-drink cocktail makers are releasing sun-inspired sips. In this gallery, former bachelorette JoJo Fletcher enters the beverage space with an Amalfi Coast-inspired beverage, J. Rieger & Co. Distillery launches an “Electric” new line and Sunshine Punch seeks to evoke a sense of nostalgia.
Allison Luvera and Lauren De Niro Pipher, the co-founders of Juliet, a premium brand of multiserve wine encased in an innovative cylindrical container, spoke about how they assessed the opportunity to disrupt a legacy category, why developing a unique package was central to the planning process and how they have won over retailers by positioning Juliet as an upscale lifestyle brand.
Building a following in exotically flavored glass bottles since 2017, Seven Teas has landed new distribution partnerships and increased consumer interest in the last year as it expanded into canned teas and lemonades.
The owner of Jose Cuervo reported a drop in net sales in Q2, after volume declined in the U.S. and Canada.
This month, we’re introducing two Insider-only Community Calls where we’ll dive into financial insights with a CPG investor and talk with Thrive Market about how the retailer curates brand partners.
