Acknowledging issues within its existing system, the U.S Food and Drug Administration (FDA) is seeking to reimagine its food program through an agency-wide restructuring, per a letter published by Commissioner Robert Califf earlier today.
Zico Rising has raised $14 million, according to an SEC Form D filing submitted on January 27. SEC documents also indicate the company closed a $4 million round in December marking the company's first capital raises since Mark Rampolla, the founder of Zico, purchased the company back from the Coca-Cola in early 2021.
On-demand convenience delivery retailer Gopuff and e-commerce beverage-alcohol platform Drizly are teaming up to provide broader service for bev-alc delivery, the companies announced today.
James Beard award-winning chef Stephanie Izard spoke about the origins of her globally inspired consumer brand This Little Goat, how taste and accessibility guide its thoughtful product and marketing strategy, why the company turned to self-manufacturing and how she became more comfortable as the primary spokesperson for her restaurants and brand.
Unilever has appointed former H.J. Heinz executive Hein Schumacher to lead the CPG company effective July 1 reaffirming the multinational company's commitment to its food brands.
MALK’s recent $9 million round was all about funding more distribution, but the alternative dairy brand’s first task for 2023 is driving awareness via a new commercial, Farmer’s Market. The 30-second ad was filmed at a farmer’s market and features real consumers.
Botanical products manufacturer AMASS has made its first acquisition, purchasing the operating assets of direct-to-consumer wine subscription platform Winc, in an effort to expand its alcohol business beyond spirits and hard seltzer.
Late last year, CPG brand builder Mercenary acquired StrikePoint CPG Accelerator with the aim of creating a next-gen consumer goods accelerator that can develop, scale and commercial brands across a range of natural and better-for-you categories. Led by new venture partner Joey Murray, the $20 million Mercenary Ventures fund will cut checks from $10,000 to $250,000 to pre-revenue and seed-stage brands – including California-based iced tea maker HALFDAY – over the next three years.
BevNET is thrilled to announce a new partnership with Naturally San Diego, a community of local CPG businesses aiming to make greater San Diego the new nexus of natural products entrepreneurship.
Richard’s Rainwater announced the completion of the world’s largest potable rainwater collection site in Louisiana, setting its sustainability sights on reducing its carbon footprint with a network of decentralized collection and distribution hubs.
Canadian energy drink maker Guru Organic Energy Corp. reported a full-year net revenue of CAD$29.1 million, down 3.7% from CAD$30.2 million in 2021, and announced plans to shift its primary focus from brand awareness to sales velocity in the upcoming fiscal year.
The U.S. Food and Drug Administration (FDA) is looking for Congress to take charge in regulating cannabinoid (CBD) products after concluding the agency’s existing authority over food additives and supplements does not provide all the necessary tools for managing the risks of CBD.
New Zealand's first non-alcoholic spirits brand is preparing for a March launch in the U.S. thanks to a partnership with Sprouts nationwide. Sunwink increases its offerings in Target and instant boba tea maker BobaBam hits the club channel.
Non-alcoholic beverage retail growth remained positive, up 13% over the two week period ending January 14, 2023, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. However, sales decelerated year-over-year as increases in average pricing (+15.9%) drove volume down (-2.9%).
