You’ve heard it before: this year premium plus spirits are here to stay, no- and low-alc will continue its rise, and the RTD boom is expected to shake out new state laws. In addition to those forecasts, the executive team behind MHW, a beverage alcohol importer and service provider, dug into other trends in a discussion on Tuesday moderated by Deborah Brenner, the founder and CEO of Women of the Vine & Spirits.
Fueled by widespread acceptance for both almond and oat milks, plant-based milk continues to scale at a healthy clip, expanding dollar sales 9.1% through January 23, according to data from IRI.
Both BevNET and NOSH will have ongoing Expo West coverage over the coming days, but here’s a quick preview of just some of the new releases from exhibiting brands, including Harmless Harvest, Machu Picchu, La Colombe and Sanzo.
To help our audience of retailers, investors and brands find our BevNET and NOSH Insiders that are exhibiting, we’ve produced a special pre-show Expo West 2023 Booth Guide featuring the company names and booth numbers of our Insiders, both alphabetically and numerically.
Monster Beverage Corporation reported net sales growth of 13.9% to $6.31 billion – up from $5.54 billion the year before – in its Q4 and full year 2022 earnings report yesterday. The results arrive as the company pushes forward with its expansion into new beverage categories, including alcohol.
As beverage director of New York’s acclaimed Clover Club, Tom Macy had tossed around the idea of a canned craft cocktail since 2013. But the concept didn’t truly lift off until February 2020 when he and his boss, Julie Reiner, finished their pitch deck for Social Hour Cocktails, a ready-to-drink high quality cocktail.
Westrock Coffee Company has acquired Los Angeles-based Bixby Coffee Roasters, giving the former an opening into “the emerging influencer-led brand space” as well as further growth for its omni-channel offerings.
Hard MTN Dew, the flavored malt beverage (FMB) from Boston Beer Company and PepsiCo, is expanding its lineup for the first time since launching with Livewire, an orange citrus flavor inspired by the soft drink flavor of the same name.
As it expands operations across the country and continues to build out new business units, beverage incubator L.A. Libations (LAL) has hired for several new key roles and is seeking to fill 35 more job openings this year. Also, The Alkaline Water Company president and CEO resigns and Nirvana hires a new CMO.
Baldor has supplied East Coast restaurant and retail customers with grocery items for over 30 years. Murphy walked us through the pandemic's impact on operations and the company’s vendor and retail partners and gave us a look into what success looks like inside Baldor's network.
After spending years in the shadows of rival Gatorade, Powerade announced today a new 360-degree marketing campaign featuring NBA star Ja Morant that directly calls out its biggest competitor.
Machu Picchu is looking to establish itself in another growing beverage category: yerba mate. The caffeinated herbal infusion has been similarly positioned in the U.S. as an energy drink alternative and, led by independent brand Guayaki, CEO Daniel Scharff said the category grew double digits over the past year.
When the Finnish Long Drink entered the U.S. market in 2018, it’s likely few Americans had heard of Finland’s national drink, a grapefruit and gin highball. But in not too long of a time, the company has made its version of the Finnish staple the eighth highest-selling ready-to-drink in the U.S., according to 3 Tier Beverages and NielsenIQ.
Stevia-centric beverage company Zevia saw net sales grow 3.5% to $35.4 million in Q4 while full-year sales hit double digits, increasing over 18% to $163.2 million, according to an earnings report
