After a solid first year on the market, De La Calle is looking ahead to further growth in 2022, closing a $7 million growth funding round while preparing to roll out four new varieties in its line of ready-to-drink Mexican tepaches.
The company posted net sales of $10.279 billion for the year that ended December 31. Worldwide, shipments (sales to wholesalers) declined -0.5% and brand volume (similar to depletions, which are sales to retailers) declined -1.7% over the course of the year. However, Molson Coors’ price and sales mix increased +5.2% as it continued to focus on the premiumization of its portfolio.
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Paul Beaupre, the founder of BoPray Consulting, who will share his thoughts, questions and feedback with the participants.
Non-alcoholic beverages were feeling the love in the lead up to Valentine’s Day, as sales accelerated across almost all categories for the two-week period ending on February 12, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
New York-based investment firm KKR announced today it has entered an agreement to acquire a majority stake in Refresco Group B.V., one of the largest independent beverage contract manufacturers worldwide. Terms of the deal were not disclosed.
Launched in 2021, DRY Botanical Bitters & Soda is marketed as a zero-proof and zero sugar beverage that offers “the complexity and ritual of a craft cocktail without the alcohol.” It’s the third product line from DRY Soda and joins a handful of brands that are actively marketing bitters and soda products.
In this episode, we sat down with pioneering winemaker Joe Wagner, the founder of Copper Cane Wines & Provisions, who is best known for creating Meiomi, an industry-shifting brand that he sold in 2015 for $315 million. Wagner spoke about aligning his winemaking style with a “go with your palate” credo, how a potentially risky price reduction became a game changer for Meiomi and why he’s not affected by criticism from some within the wine industry.
Hard MTN Dew – the partnership project between Boston Beer Company and PepsiCo Beverages – launched in three states this week: Florida, Iowa and Tennessee.
PepsiCo has named Derek Lewis, a 34-year veteran with the company, as the president of its new Multicultural Business and Equity Development Organization; Also, ROAR CEO Alex Galindez, who joined the hydration drink brand in 2020 as part of a turnaround effort, announced last week that she has left the company.
On Monday, the company announced the closing of a $10 million Series A funding round led by CircleUp Growth Partners, and with participation from Convivialite Ventures, Semillero Partners, Gold House Ventures, Kaya Ventures, and former Coca-Cola Company chief growth officer Francisco Crespo.
The past year has seen Talking Rain's broader vision come into focus, with a balanced strategy of growing through innovation and continuing to execute against business fundamentals.
From Coca-Cola Starlight to Lemon Perfect Kiwi Star Fruit, beverage makers debuted a variety of new products this week, including functional plant-based creamers from Silk, a new limited edition flavor from Brew Dr., and a new permanent addition to Red Bull’s flavored line. Meanwhile, cannabis beverage startup Drink Loud is debuting micro-sized THC drinks that pack a wallop, and LaCroix getting ready for spring with a new flavor.
Mast-Jägermeister US has named its chief operating officer Joe Fortune as CEO, effective April 1, the company announced Thursday. Fortune assumes the role from outgoing CEO Jeff Popkin, who has held the role since 2015.
Coca-Cola’s new “global innovation platform,” Coca-Cola Creations, was unveiled this week, kicking off with the release of Starlight, the first in a series of limited-edition products and experiences that will be introduced “across physical and digital worlds.”
