Flow: Sales Drop Double-Digits in Q2, Execs Emphasize Opportunity in Sustainability
Flow Beverage Corp. announced a 21% decline in consolidated net revenue to approximately $9 million in Q2 FY2022, compared to $11.3 million the previous year.
Taste Radio: How Kin’s ‘Big Bold Bet’ Is Changing The Way People Think About Social Drinking
Jen Batchelor, the co-founder and CEO of Kin Euphorics, a pioneering brand of non-alcoholic social tonics, joined the podcast for an expansive conversation about the inspiration for and development of Kin, how Soylent provided a rough template for the company’s business strategy and D2C success and how she applied learnings from success at upscale retailer Erewhon to other chains.
NielsenIQ: Non-Alc Beverage Sales Slow Down As Volume Pressures Rise
Volume fluctuations are creating a turbulent economic environment in non-alcoholic beverages, as higher volume growth pressures contributed to depressed sales during the two-week period ending June 4, according to an analysis of Nielsen data by Goldman Sachs Equity Research.
GURU Reports 7% Revenue Growth in Q2, Prepares Marketing Acceleration
Canadian energy drink maker GURU Organic Energy Corp. reported quarterly net revenue of CAD$7.6 million, up 7% from CAD$7.1 million in 2021, in its fiscal year Q2 earnings report today.
Target Launching RTD Agave Wine Cocktail
Target has announced the launch of Casa Cantina, a line of agave wine-based RTD cocktails.
Oat Milk, Coffee Brand Minor Figures Lands Investment from Danone Manifesto Ventures
Oat milk and coffee maker Minor Figures has secured minority investments from Danone Manifesto Ventures and Green Monday Group, the company announced on Friday. Terms of the deal were not disclosed.
Diversity in Spirits: Black Spirit Owners Look to the Past and the Future to Build Legacy Businesses
Last week, premium whiskey Uncle Nearest announced its third in a series of investments designed to create a tangible shift in the funding inequities for BIPOC-owned businesses. It comes at a time when other Black founders and business leaders are also making strides to celebrate Black people’s historical contributions to spirits and build more Black-owned legacy beverage businesses.
BevNET Live: Watch Main Stage Presentations & Taste Radio Studio
We're on the cusp of BevNET Live Summer 2022, but if you don’t have a seat at the conference, we don’t want you to miss out on the important conversations happening on the main stage and in the Taste Radio Studio. We will make a free livestream available on June 15th and 16th, presented by Firmenich and International Beverage Capital.
Coca-Cola, Jack Daniel’s Set to Launch RTD Cocktail
The Coca-Cola Company is accelerating its push into beverage alcohol with today’s announcement of a new global partnership with Jack Daniel’s Tennessee Whiskey to release a ready-to-drink cocktail.
Ritual Zero Proof Hires Industry Veteran Tom Halaska as National Sales Director
Spirit alternative maker Ritual Zero Proof this week announced it has hired craft non-alcoholic beer veteran Tom Halaska as its National Sales Director.
This Week’s New Beverages: Minions Soda, Adventurous Mocktails and Lemon Tea
In this week’s roundup of new beverages, Olipop rolled out a new limited edition soda flavor inspired by Illumination’s Minions, KUL MOCKS unveiled its 3-SKU Adventure Collection and Montauk rolled out Lemon Tea amid rapid sales growth in the Tri-State.
Guest Column: Your Baby’s Not Ugly, It Just Has the Wrong Name
Whether you’ve raised millions of dollars, been in the market for over a decade, have a cult following or just recently launched, renaming can be an amplifier to success, not a deterrent. Reframing a name and brand change is an opportunity for greatness rather than an admission of failure.
Food for Thought at BevNET Live: Surviving the Squeeze with Encore Consumer Capital
We’re thrilled to announce that we’ve added one more important speaker to BevNET Live Summer 2022 in New York, N.Y. As the country starts to wrestle with the potential of recession and the costs of materials and transportation rise, brands themselves are facing uncertainty around manufacturing issues: ingredients, packaging, labor, even the way retailers themselves are dealing with the larger economy.
Minna Acquired by Holding Company, Expands Whole Foods Business
Wisconsin-based holding company New Berlin Beverage Co. announced this week that it has acquired sparkling tea brand Minna, providing the startup with a capital infusion to support its manufacturing and retail expansion.