With Eyes On Gen Z, Planting Hope To Grow “Deep Roots” In Foodservice
The rising costs of retail have pushed The Planting Hope Company to shift its growth strategy outside of the grocery store.
Health-Ade Takes To The Airwaves With iHeartMedia
Audio media giant iHeartMedia has invested an undisclosed amount in kombucha company Health-Ade in a deal that will leverage the media company's reach with consumers and bring the gut health beverage brand to new audiences.
InvestBev Pours $1M into Ten To One Rum
Spirits-focused private equity group InvestBev has found its next partner.
Review: Genius “Boost” Shots
Genius Boost is the latest entry from coconut-smoothie maker Genius Juice. It takes many of Genius’s core functions and packages them into a convenient 2 ounce product that’s positioned as a “Daily Nootropic Shot.”
Canopy Drops BioSteel, Sports Drink Brand Heads for Court-Ordered Sale
Canadian sports drink brand BioSteel is heading for a court-supervised sale after parent company Canopy Growth's decision to cut ties amidst painful cash burn and growing losses.
Taste Radio: The Secret To Winning At Target, Whole Foods & Costco? It Starts With ‘Honey.’
Christy Goldsby, the founder of fast-growing refrigerated snack brand Honey Mama's, explained why demoing is the foundation of its marketing strategy, leaning on a ‘truth radar’ at every step during a package revamp, how the company navigated a high profile retailer’s devastating decision to discontinue the brand and why handing over day-to-day operations was the right move for its future.
Campari Announces CEO Transition Plan
Concluding an 18 year-run with the company in which he helped revive the Aperol Spritz, Bob Kunze-Concewitz, CEO of Campari Group, announced on Tuesday he will be stepping down from the Italian spirits company in April 2024.
Data: Non-Alc Beverage Sales Accelerate in Late August
Non-alcoholic beverage sales accelerated slightly over the two-week period ending August 26, with volume sales picking up pace against slowing pricing increases, according to the latest analysis of NielsenIQ data by Goldman Sachs Equity Research. Dollar sales in U.S. retail rose 7.9% in the two-week period, compared to +7.3% in the four-weeks and +7.8% in the 12-weeks.
Bacardi Acquires Ilegal Mezcal
Bacardi Limited has jumped fully into the mezcal game and acquired Ilegal Mezcal, the company announced today.
Brooklyn Brewery Takes Minority Stake in Hoplark, Forms Strategic Partnership
Brooklyn Brewery has taken a minority stake in Boulder, Colorado-based non-alcoholic (NA) hop tea maker Hoplark as part of a Series A funding round, the two companies announced today.
Molson Coors Ups Its Stake in ZOA with New Investment
Molson Coors Beverage Company’s faith in Dwayne Johnson-backed energy drink brand ZOA is rock solid. The beverage conglomerate “will strengthen its investment” in ZOA as part of its overall Beyond Beer non-alcoholic beverage growth strategy.
Icelandic Glacial Plans Facility Expansion, Retail Growth After Fundraise
It’s an international brand, and now, with cash in hand, it’s time for international growth. That’s the way Icelandic Glacial CEO Reza Mirza categorized this week’s news that the brand had received new equity funding from a group of new and existing investors.
This Week’s New Products: Spooky Soda, Plus GHOST, Rowdy Mermaid and LaCroix
In this week’s new products roundup, Fanta unveiled a spooky new soda guaranteed to turn your tongue black, Monster Energy teams up with Call of Duty to celebrate the game’s iconic Ghost character and Rowdy Mermaid dives into the functional soda space.
Diddy Wins Round One in Legal Battle With Diageo
Sean “Diddy” Combs has won the first round in the lawsuit against Diageo alleging that his spirits brands received worse treatment because of his race.