Fever-Tree Quietly Acquires Powell & Mahoney Cocktail Mixers
Fever-Tree expands its reach in the U.S. by widening its portfolio of non-carbonated beverages with the acquisition of craft mixer maker Powell and Mahoney.
Perfect Day Helps Nestlé Build Animal-Free Dairy Beverage
Nestlé's U.S. R&D Accelerator has partnered with animal-free dairy company Perfect Day to launch an alternative dairy "novel product" that will pilot in the U.S. market later this year.
Taste Radio: Brooklyn, She Did It. Her Way. And With No Outside Capital.
Chitra Agrawal, the founder and CEO of Brooklyn Delhi, a brand of Indian-inspired pantry staples crafted for modern kitchens, spoke about why consumer education requires patience, how she leveraged the brand’s strengths to win over Whole Foods and why profitability has always been top of mind. She also explained how she created favorable contracts with co-manufacturers and how an omni-channel sales strategy has benefited the company.
Marketing: NFL Star Bobby Wagner Latest Athlete to Join Ladder Nutrition; Pink Cloud Beverages Hits the Catwalk at New York Fashion Week
Nutritional sports supplement maker Ladder announced Los Angeles Rams linebacker Bobby Wagner as the latest professional athlete to join the company as a brand ambassador and spokesperson.
Review: Courtside
Courtside is a new line of sparkling hydration beverages that were designed for daily use rather than to help athletic performance. The product line uses coconut water as its base ingredient (and source of electrolytes) and contains no added sugar.
NewAge to Sell DSD Arm to Legacy Distribution Group
As it navigates the Chapter 11 bankruptcy process, Utah-based direct selling company NewAge, Inc. announced last week it has entered a definitive agreement to sell its DSD distribution business to Colorado-based Legacy Distribution Group.
Solving The Problem Of Investment For Food And Beverage Brands
Ryan Williams, the former VP of Finance and Ops at RISE Brewing Co., has created a tool called the Food and Beverage Investor Database (FABID) which aims to help new entrepreneurs in the food and beverage industry navigate the complicated world of fundraising.
This Week’s New Products: Witch’s Brew & Spiced Apple Cider
In this week’s roundup of new products, Alani Nu and Spindrift take inspiration from Halloween and all things fall, while some brand like AVEC hold onto an “eternal summer.”
PowerPlant Partners Closes Fund III at $330M, Expands into Consumer Tech
Venture capital firm PowerPlant Partners announced today the close of its Fund III at $330 million. The fund will focus its investments solely in growth stage companies and consumer-facing brands "that are better for the people and planet."
Taste Radio: Networking Is Everything. And, It’s Right In Front Of You.
On the cusp of BevNET and Taste Radio networking meetups in San Diego and Austin, the hosts highlighted the value of industry connections and linking up with experienced professionals, and why showing up is half the battle. They also spoke about a new fund focused on women-led brands, a retailer focused on non-alcoholic cocktails and spirits and new products that caught the hosts’ attention.
NFL Star Budda Baker Invests in LIFEAID to Support Energy Drink Expansion
As the company looks to its new FITAID Energy line as a fast-growing sales leader, NFL star Bishard “Budda” Baker has invested an undisclosed amount into functional beverage company LIFEAID to help support the brand’s expansion.
Columbia Distributing and Scout Distribution to Launch Joint Venture in Idaho
The largest total beverage wholesaler in the Pacific Northwest and a Southern California-focused independent distributor are linking up to start a distribution operation in Idaho this fall.
Dan Bilzerian’s Cannabis Company Under SEC Scrutiny
Cannabis and vape company Ignite International Brands is being investigated by the U.S. Securities and Exchange Commission for making false or misleading statements in reporting its 2020 financial results.
FMI: Omnichannel Shoppers Force Shift In Retail Layouts, Drive Clamor For In-Store Tech
Consumers are increasingly seeking out fresh and convenient options, leading retailers to reconsider store layouts and invest in technology to improve their efficiency and omnichannel capabilities.