In this week's roundup of new products, waterdrop unveiled an innovative smart cap that filters water on-the-go, Joybursrt collaborated with rapper Vanilla Ice to launch its newest energy drink flavor and APRCH payed homage to a classic summertime treat with its newest CBD sparkling water variety.
In this week's Distribution Roundup, BIOLYTE Moves to Sports Drink Aisle in Publix, IVUSION Starts A Subscription Program, RISE Expands its Foodservice Presence, and ShineWater Adds Stop & Shop and Giant, plus more news from Calypso, Tru and IVUSION.
Taste Radio’s hosts riffed on Bang founder/CEO Jack Owoc’s unforgettable on-stage appearance at BevNET Live Summer 2022, M&A headlines in beer and food, why it’s important to stay connected to our newsrooms and notable new products, including a fizzy drink inspired by Korean cuisine. We also feature our latest edition of The Maxi Minutes in which we discuss what investors don’t want to hear in a pitch.
The original founding team behind Muscle Milk is using a similar playbook of incremental distribution in gyms and specialty fitness retailers to grow a new hemp-infused, energy drink called Gym Weed.
Bruce Jacobson is the new President at Constellation Brands-backed sports drink makerBioSteel. Jacobson brings a long track record in beverage alcohol; prior to BioSteel, he had been chief commercial officer at Milwaukee-based Press Premium Alcohol Seltzer, joining the brand shortly after Constellation Brands made a minority investment in 2020. In the role, Jacobson "led a team in scaling the business to achieve profitable growth while balancing its entrepreneurial spirit and identity," according to a press release.
Parch is a new line of sparkling non-alcoholic cocktails that are infused with desert botanicals and adaptogens. The drinks are made with the company’s own non-alcoholic agave spirit, which they say is inspired by the Sonoran Desert.
As the summer heat begins to stick around, ready-to-drink cocktail makers are rolling out new formats and flavors hoping to win a spot in beachgoers' coolers. Check out this gallery for sports-themed vodka cocktails, Joe Jonas’ line of Fizzy Sangrias and Skrewball’s new on-the-go format.
Strong pricing helped keep non-alcoholic beverage sales largely consistent in the two-week period ending June 18, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Retail dollar sales in the two-week period grew 9.4% year-over-year, compared to 9.3% growth in the four-weeks and 11.3% for 52-weeks.
Honest Tea co-founder Seth Goldman has revealed the name and logo for his new iced tea venture, as well as details about its approach towards environmental sustainability, community support and fair business practices.
Founder Jordan Silbert is stepping down as CEO of premium cocktail mixer brand Q Mixers, handing the reins to industry veteran Bob Arnold; Nitro cold brew coffee producer RISE Brewing Co. has named industry vet Richard Matusow as its chief sales officer; Energy drink sales vet Sam Wilson has joined Congo Brands.
Seattle-based food tech company Atomo Coffee, the maker of a “beanless coffee” made with upcycled ingredients, has raised $40 million in a Series A round ahead of its ecommerce launch today, the company announced.
Ibraheem Basir, the founder and CEO of A Dozen Cousins, a brand of ready-to-eat meals and sides inspired by traditional Black and Latino recipes, spoke about how the brand’s initial focus has evolved, why keeping “a foot in the familiar” is a key tenet of its innovation strategy, the reason the company isn’t vocal about funding and how opportunities have improved while challenges remain for BIPOC food entrepreneurs.
Sparkling tequila cocktail Onda has closed a $12.5 million funding round led by existing investor Aria Growth Partners, the company announced today. Aria originally backed the brand in its $5 million Series A round last May, and is reinvesting on the back of a strong performance over the past 12 months, during which it has surpassed 10,000 total doors across more than 30 states.
Keurig Dr Pepper (KDP) has entered a definitive agreement to acquire global rights to Canadian non-alcoholic RTD cocktail brand Atypique. The acquisition is expected to close in early Q4 2022 and terms of the deal were not disclosed.
