When the leadership of the Paskenta Band of Nomlaki Indians expanded its casino, a brewery and distillery seemed like a natural addition. But until a few years ago, distilling alcohol on reservations was illegal. Now, the Paskenta Brewery & Distillery is the first tribal-owned California distillery. One of just a handful of tribal-owned distilleries in the U.S., it’s also aiming to be a model for others.
After outperforming analyst expectations in its Q2 2022 earnings report, PepsiCo Beverages North America (PBNA) today announced it has acquired nearly 152 acres of land in the Denver, Colorado High Point area where it will construct a 1.2 million sq. ft. manufacturing facility set to open in summer 2023.
Faced with unprecedented and extended supply chain disruptions, CPG brands are fighting back any way they can. In a June survey by ingredient-sourcing and management platform TraceGains, over 300 food, beverage, and dietary supplement companies reported having expanded their respective co-manufacturer networks and made recipe changes in order to remain agile and resilient during market disruptions.
Phreshly is a two-SKU line of premium RTD cocktails that are marketed as being made with “no BS ingredients.” The products are 6% ABV and the company behind it is proudly black-owned.
Canadian dairy supply chain SaaS company Milk Moovement has closed a $20 million funding round led by VMG Catalyst that will help accelerate product development and adoption across North America, the company announced in a press release on Tuesday.
New York Yankees right fielder Aaron Judge is best known in beverage circles as the face of Pepsi since 2017, but with the ink finally dry on a new contract with the Bronx ball club, he's moved on to a new chapter in business with Hawaiian volcanic water brand Waiākea.
PepsiCo topped analyst expectations in its Q2 2022 earnings report today, as 5.2% quarterly net revenue growth ($20.23 billion) moved the company to raise its full year organic revenue outlook two points to 10%. Earnings per share in Q2 were $1.03 with a -39% change and foreign exchange impact of -2%. Foreign exchange impact on net revenue was -3%. Organic revenue growth was up 13% in Q2 with core EPS of $1.86, up 10%.
Alison Cayne, the founder and CEO of Haven’s Kitchen, an innovative and fast-growing brand of refrigerated sauces, spoke about why emphasizing use case and occasion is critical for fueling consumer adoption and repurchase and how effective merchandising of the products has enabled it to become “the ultimate basket builder.” She also explained how to use anecdotal data effectively when pitching to retail buyers and how she found a co-packer that would invest in the brand's future.
Black-owned South African spirits group Spearhead announced today it has raised $3 million to expand the reach of its two products, Vusa Vodka and Bayab Gin, to the U.S., as well as launch new product lines and accelerate its marketing efforts.
Last month The Coca-Cola Company and Brown-Forman announced the launch of a new Jack & Coke ready-to-drink (RTD) product— but eager U.S. drinkers will have to wait. The new beverage will first launch in Mexico, sparking the question: as RTD growth spreads globally, where are major suppliers headed next, and what will they be looking for?
After completing LA Libations SIP (SoCal Incubator Program) mentorship accelerator, coconut water brand 100 Coconuts has gone from having relatively no West Coast presence to preparing to hit 20,000 stores nationwide by the end of September with distribution deals in major retailers.
Leisure Project is a new line of non-carbonated beverages that are enhanced with electrolytes, adaptogens and nootropics. Marketed as a “mind-boosting hydration” beverage, Leisure Project contains only 30 calories per 16 ounce can.
Since it first opened its doors in 1926, Jel Sert has never lost its focus on producing powdered drink mixes. Now, as the powdered beverage category experiences an upheaval through an influx of innovative functional brands, the Chicago-based company is turning to new brands and channels to fuel growth.
In this week’s roundup of new products, Coca-Cola announced a limited-edition soda flavor in collaboration with Grammy-nominated artist Marshmello, Cann spiced up its lineup of THC-infused beverages and Vita Coco splashed into the RTD cocktail category.
