Dietrich Mateschitz, the co-founder of pioneering energy drink brand Red Bull and owner of the Red Bull Formula One racing team, has died at the age of 78. Mateschitz’s death was announced Saturday by officials for the company’s Formula One team during the United States Grand Prix in Austin, Texas.
Keurig Dr Pepper (KDP) announced today the appointment of Sudhanshu Priyadarshi as its new chief financial officer, effective Nov. 14.
BeatBox, makers of a ready-to-drink (RTD) alcoholic fruit punch, just hit a $200 million valuation at the close of its $15 million raise aimed at expanding its national retail partnerships.
After filing for Chapter 11 bankruptcy protection earlier this month, Vital Pharmaceuticals (VPX), the Florida-based maker of Bang Energy, continued to face challenges both in court and in the market this week, while also advancing its long-awaited web3 ambitions.
One week after Kroger's proposed $24.6 billion deal to merge with Albertsons, opposition is growing amid antitrust concerns from stakeholders and government officials.
BevNET spoke with Ken Hall, Thaiwala's VP of National Foodservice Sales, about how the drink is positioned within the market, its omnichannel approach of building inside and out of foodservice, and a potential move into single-serve ready-to-drink products.
After today, early registration pricing expires for BevNET Live Winter 2022, taking place on December 5 + 6 in Santa Monica, CA. This is your last chance to save $100 per registration.
In this week’s roundup of new products, Jones Soda Co. expands its Mary Jones brand of cannabis-infused sodas, Dr. Pepper takes inspiration from tailgate season for its latest LTO and UK-Based non-alcoholic aperitif maker Everleaf makes the jump across the pond.
CBD sparkling water brand Day One Beverages has closed a round of funding led by Arizona-based family office Vincere Capital. The financing, which was stated to be a multimillion dollar round, closed in June and was announced this week.
Nestlé has reached an agreement to fully acquire Seattle’s Best Coffee, a dry coffee brand owned by Starbucks, four years after the Swiss conglomerate obtained global marketing and distribution rights to the brand.
Although growth of non-alcoholic beverage sales remained “robust” during the two-week period ending October 8, volume declines and softer pricing growth led to decelerated overall sales, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Beverage sales in the convenience channel grew 12% in Q3, with a 3% increase in foot traffic in spite of economic headwinds, according to the latest Beverage Bytes retailer survey from Goldman Sachs Equity Research.
Shrubbly is a line of sparkling waters that are enhanced with a shrub – a mixture of apple cider vinegar and fruit.
BevNET Live will feature a talk on fast growth and content strategy with GHOST Lifestyle co-founders Daniel Lourenco and Ryan Hughes. Since launching an energy drink in 2020, GHOST has quietly settled into the express lane of the energy/fitness nexus to reach more than 50,000 points of distribution.
