Energy drink maker Celsius Holdings Inc. has been ordered to pay rapper FloRida $82.6 million after a six-person jury found the company didn’t hold up its end of an endorsement deal from 2014 to 2018.
Monster Energy Company unveiled its full 2023 innovation pipeline during its annual investor meeting webcast on Wednesday, showcasing its ambitions in the better-for-you energy, alcohol, and canned water categories.
Over the last decade, businesses owned by either people of color, LGBTQ people, women or the disabled have received only a 2% share of venture capital even though they represent over 50% of new business started, according to Hello Alice. Within spirits and alcohol overall, several industry groups and leaders have recently called attention to similar disparities.
The Alcohol and Tobacco Tax and Trade Bureau of the U.S. Department of the Treasury (TTB) has recognized singani as a unique type of brandy and a distinctive product of Bolivia, designating the grape distillate as its own subcategory. The new rule will go into effect on February 13.
Roughly one year after tweaking its formulation and packaging format, energy drink ZOA is revamping its product lineup once again with new flavors, a refreshed can design and a marketing campaign built around the tagline “Fuel Something Bigger.”
Non-alcoholic beverage retail sales accelerated in the two-week period ending December 31, bolstered by improved volumes, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Diageo is deepening its roster of top-tier brands in reaching an agreement to acquire super-premium dark rum label Don Papa Rum for an initial fee of $281.5 million, the company announced today.
Pronghorn, an initiative focused on boosting Black spirits entrepreneurship, announced today an investment in cocktail mixer and beverage brand Hella Cocktail Co that will also see the company’s co-founder, Jomaree Pinkard, join as its new CEO and managing director. The size of the investment was not disclosed.
Tara Bosch, the founder of better-for-you candy brand SmartSweets, explained how prioritizing a lean business model in its early development enabled the company to be nimble and outpace its competitors, why its growth strategy is built around “patient urgency” and how the brand’s highly effective social media strategy drives consumers to its retailers.
The performance energy line is helping the California-based brand open up new doors in the convenience and military channels, while deepening its presence in the natural channel with expansions in chains such as Sprouts.
Following the news of spirits giant Sazerac’s transition from wine and spirits wholesaler Republic National Distributing Company (RNDC) to several beer wholesalers, the producer is suing its former distributor for nonpayment of $38.6 million.
Digital advertising has become a nightmare for hemp food and beverage brands, regardless of whether or not their products contain CBD.
The state of middle-tier operations was among the focus areas of Beer Business Daily’s 2023 Beer Industry Summit this week in West Palm Beach, Florida.
In November of last year, the U.S. Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) announced it would issue proposed rules for nutrient, allergen, and alcohol content labeling, as well as preliminary rules for ingredient labeling on wine, beer, and spirits.
