Keurig Dr Pepper (KDP) expects gross margins will expand in the coming year as pricing and inflation moderate, especially in the company’s coffee segment. It finished 2022 with $14 billion in net sales, a 10.8% growth year-over-year compared to 2021.
The FDA published long-awaited product labeling guidance this week that allows brands to identify plant-based milk products as “milk,” while recommending that they include an additional nutritional claim that indicates how the product compares to dairy milk.
In January, route-to-market and incubator in the cannabis business Petalfast added SIP Elixirs to its brand portfolio, broadening its reach to include cannabis beverages alongside edible companies like Wana brands and a variety of flower companies. Just last week, it also began to work with Massachusetts-based, veteran led edibles company Freshly Baked.
Martignetti Companies, a New England distributor of wines and spirits, announced yesterday an agreement to acquire Hartley & Parker Limited, Inc. in Connecticut, expanding the company's footprint in New England.
Boston-based Harpoon Brewery is expanding beyond bev-alc and into cannabis, announcing the launch of Rec. Weed, a THC-infused non-alcoholic beverage.
Publicly traded consumer products company Starco Brands, Inc. has acquired plant-based food and beverage maker Soylent, completing the brand’s evolution from red hot food-tech startup to cross-category CPG platform.
Paloma Libre is the first offering from Jas, a startup company whose mission is to create alcohol-free no-compromise equivalents to craft cocktails. Their first offering is, as the name suggests, their take on the classic Mexican cocktail.
Venture firm Pronghorn, an initiative focused on boosting Black entrepreneurship in spirits, announced today new investments in four companies: Anteel Tequila, Common Ground Spirits, Delta Dirt Distillery, and Old Hillside Bourbon Company. Terms of the deals were not disclosed.
Looking to meet demand for clean label sports nutrition products, Boston-based food innovation lab Chew announced this month the launch of its first in-house brand, Fastfood.
CLEAN Cause is looking to spread its support for addiction recovery further with its latest product launch: Sparkling Pick-Me-Up, a functional sparkling water line infused with collagen and prebiotics. According to founder Wes Hurt, the new line was soft launched last year in Austin, Texas-area stores and is now available in about 200 doors as well as online direct-to-consumer.
Texas-based CPG accelerator SKU announced today the first cohort of six food and beverage brands for its upcoming Food & Beverage Accelerator track.
As travel demand remains high despite inflationary pressures, many major U.S. airlines are capitalizing on the rapid growth of the RTD cocktail category through partnerships with emerging brands to diversify their in-flight offerings.
Prior to the investment firm’s second annual Global Health Forum, we spoke with Ross Iverson, Brent Drever and Steve Young of Manna Tree for a trio of conversations about the urgency of making healthy and affordable food available to more people, why entrepreneurs are faced with shifting expectations for profitability and top line growth, their assessment of consumer confidence and spending and what emerging food trends are on their radar.
Australian kombucha maker Remedy Drinks has closed a Series B funding round led by L Catterton and Australian investment firm Kin Group during Q4 2022. With this cash infusion, the brand plans to drive retail expansion with new and existing partners across the U.S.
