PepsiCo chairman and CEO Ramon Laguarta said the majority of inflation-fueled price increases have already occurred and rising costs are expected to be covered for the remainder of the year as inflation decelerates.
Jake Bullock, the co-founder and CEO of pioneering cannabis-infused beverage company Cann, spoke about the role of community based, on-the-ground education in the brand’s ascendancy, why early-stage fundraising is about “finding the one,” the company’s scrappy strategy for getting product into celebrities’ hands and why he believes brands “need an enemy in all marketing.”
Chamberlain Coffee made its much anticipated ready-to-drink debut last week, partnering exclusively with Walmart to release its four-SKU line of canned plant-based lattes and further extend the influencer-driven coffee brand’s reach.
Happy Moose Juice has acquired Growers’ Refrigeration in a deal that both solved its own refrigerated storage issues and those of cold-chain CPG brands in the region where capacity has historically been hard to find.
Opposition surrounding the proposed merger between Kroger and Albertsons continues to mount, as the leading grocery giants are fighting legal action from their own customers.
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The Coca-Cola Company surpassed analyst expectations in its Q1 2023 earnings report today, announcing net sales growth of 5% to around $11 billion, with a profit of $3.1 billion. Organic revenue in the quarter increased 12%, including +11% price/mix growth and a 1% bump in concentrate sales. Global unit case volume grew by 3% while operating income fell -1%.
Most snack makers aspire to create a product that users can’t put down and, in many ways, Tempo is no different. But for the THC-infused line of crackers, that proposition is a bit more complicated.
The Coca-Cola Company has licensed its Simply and Minute Maid brands to distribute fresh grapes and citrus fruit marking the first time the beverage maker has partnered with a fresh produce company.
Between the Coachella music festival and the 4/20 holiday, there’s plenty of reasons to party and celebrate this week, and this week’s new beverage launches are doing just that. In this gallery we take a look at new cannabis-infused RTDs, non-alcoholic wine, functional waters and more.
Jacqui Brugliera reported on the food and beverage scene at Coachella 2023, the hosts discussed whether #watertok is a faux controversy and riffed on several notable snacks and libations. We also meet Raffi Vartanian and Patrick Johnson, the co-founders of Ziba Foods, a mission-driven brand of Afghani-grown nuts, seeds and dried fruits that maintains an ethical supply chain from farm to bag.
Ghost Tequila brings in former Mast-Jägermeister U.S. CEO, WES Brands builds leadership team, and Infuse Spirits hires an industry veteran.
Speaking with BevNET last week, Kenny Morrison touched on a range of topics, starting with his experience taking CQ products from California to rapidly growing markets including Massachusetts and Illinois.
Six major U.S. beverage equipment makers are merging to form Lotus Beverage Alliance, designed as an end-to-end services provider for craft drinks.
Pearpop – a marketplace platform connecting brands and content creators – dropped The Pearpop Energy Drink today on the belief that it can build a slate of new brands spanning numerous categories overnight, with products that don’t even exist.
