BevNET Best Of 2022 Awards: Deadline Extended to November 4
If you haven’t had a chance to submit your nominations for BevNET’s Best Of 2022 Awards, you’re in luck. We’ve extended the deadline to Friday, November 4.
This Week’s New Products: Twix-flavored Creamer & Sugar Cookie Soda
This week in new products, Jones Soda Co. bottles up Thanksgiving dinner, Coffee mate launches some sweet collaborations and Nutrabolt XTENDs its lineup of hydration products.
Taste Radio: Be Different, And Be Wildly Successful. Just Have A Great Operations Plan.
In this episode, the hosts reflected on the passing of legendary beverage entrepreneur and Red Bull co-founder Dietrich Mateschitz, and reviewed several new products and limited-time offerings. Later, operations expert Andrew Guard joined the show for the first edition of a new series in which he answers topical questions about production and scaling strategies.
Will the Recession Stall Momentum for Superpremium Spirits?
Super premium spirits have been outpacing mainstream categories for over a decade, but will a looming recession stall that trajectory? A new report suggests that economic conditions may soften demand for high end wine and spirits, but won’t hinder long term growth.
Suja CEO: Vive Acquisition Provides Big Share in Juice Shots
Following its acquisition of Vive Organic, cold-pressed juice maker Suja is aiming to become a giant player in the 2 oz. shots space. The two California-based companies announced yesterday that Suja has purchased Vive for an undisclosed fee, marking the first acquisition by Suja since it was itself acquired by private equity firm Paine Schwartz Partners last year.
GEN Z Water Balances Youthful Humor With Serious Sales, Marketing
Arkansas-based GEN Z Brands is getting serious; led by a team of industry veterans, the bottled water product is rolling out into select Target stores this month as it dials-in on sales and marketing ahead of broader scaling efforts next year.
FMI: Shoppers Adjust Holiday Grocery Habits to Navigate Rising Prices
In response to ever-increasing prices, consumers are adapting to the evolving economy by modifying both their everyday and holiday grocery habits. According to the Food Industry Association’s (FMI) latest report, shoppers’ holiday stress has been amplified by inflationary concerns.
Suja Acquires Cold-Pressed Juice Shot Brand Vive Organic
Cold-pressed juice maker Suja has acquired California-based Vive Organic, producers of a range of 2 oz juice shots, for an undisclosed fee.
Fawn Weaver, Uncle Nearest Founder, Shares Entrepreneurial Lessons at BevNET Live
Uncle Nearest founder and CEO Fawn Weaver will discuss the beverage business, entrepreneurship, investment and share her story as the founder of Uncle Nearest, Inc., the largest Black-owned distillery in the U.S. when she takes the stage of BevNET Live Winter 2022 in Santa Monica, California.
Boston Beer Rolls Out First Tequila-Based RTD: Loma Vista Tequila Soda in 4 Markets
Boston Beer Company is expanding its ready-to-drink canned cocktail portfolio with the addition of Loma Vista Tequila Soda, the company’s first tequila-based RTD.
Coca-Cola: Prices Rise in Q3 As Quincey Targets “Maximum Affordability”
Coca-Cola consumers are largely accepting double-digit price increases on beverages from the soft drink giant, as the company reported a 10% increase in revenue in its Q3 earnings report released earlier today.
Cannabis: Constellation Steps Back, Canopy USA Steps Up
Constellation Brands is simplifying its approach to the cannabis industry as the company announced plans today to convert its common shares of Ontario-based Canopy Growth Corporation into new non-voting exchangeable shares. As part of the move, the alcohol conglomerate will consolidate all its U.S. cannabis assets into a single holding company, Canopy USA.
Taste Radio: Ghost Is A Monster. And Thanks To Its Fans, Getting Bigger Every Day.
Dan Lourenco and Ryan Hughes, co-founders of fast-growing lifestyle sports nutrition and energy brand Ghost, explained how emphasizing transparency and community has enabled the company to achieve massive growth, the outsized impact of a cold email on the trajectory of their business and how they are gradually becoming more comfortable with success.
The Booze Boom: Behind the Rise of Craft Spirits & RTDs
While doing research for her book, Movers and Shakers: Women Making Waves in Spirits, Beer, and Wine, writer and bartender Hope Ewing got the inspiration to start her own company. In 2019, she and two co-founders launched Vervet, a farm-to-can sparkling cocktail line, in Los Angeles.