Keurig Dr Pepper (KDP) is in discussions to acquire Bang Energy from Vital Pharmaceuticals Inc. (VPX), according to reports this week, with sources placing potential valuations between $2 to $3 billion or more.
Hydration beverage producer Electrolit has named former Red Bull senior director of marketing Christian Patiño Webb as its new CEO. Patiño Webb comes to the company from Unilever, where he served as VP of marketing for SmartyPants Vitamins.
After more than a decade spent establishing the category in the U.S. in the shadow of Coca-Cola, PepsiCo and others, in 2022 Vita Coco stands alone as the definitive coconut water leader.
Though fall is just around the corner, many beverage brands and distilleries are still rolling out summer-inspired RTD cocktails. Check out this gallery for the most recent releases from brands like Cathead Distillery, Reed’s and OTR Premium Cocktails.
If you’re a BIPOC or woman entrepreneur, the statistics on your access to capital aren’t promising. Black entrepreneurs, for instance, received 1% of the venture capital invested in U.S. startups in the first half of 2021, according to CrunchBase. Meanwhile, only about 2% of venture capital goes to women entrepreneurs.
Last week, low-alc aperitif brand Haus announced that it would shut down. Rather than filing for federal bankruptcy protections, the California-based brand instead looked to a different type of common law bankruptcy procedure known as an Assignment for the Benefit of Creditors, or an “ABC.” But what is the process and how does it work?
California-based beverage protein company Lyons Magnus is the target of a putative class action lawsuit filed last week, alleging the company misled consumers by not disclosing that its drinks were contaminated with potentially deadly bacteria.
In this episode of Category Close-up, we explore the trends and business dynamics impacting the spirit-based RTD cocktail segment.
Cut to commercial: In the Finland wilderness, actor Miles Teller makes friends with a bear, bonding over their shared love of The Finnish Long Drink, a ready-to-drink version of Finland’s signature gin cocktail. Many Americans may have never heard of a long drink, but they may recognize the “Top Gun: Maverick” actor.
Happy Viking announced today it has welcomed 10 new members to its cap table, adding a slate of female sports stars including Venus Williams’ sister Serena, pro golfer Michelle Wie, Peloton VP of programming Robin Arzon, and World Cup champion Megan Rapinoe.
Seventeen years ago, Bossa Nova helped create the market for acai juices in the U.S. Now, its founder Alton Johnson – working alongside beverage industry veteran Neil Kimberely, himself fresh off a nine-year stint as Chief Strategy Officer at premium water brand Essentia – is bringing the defunct brand back, although this time it will be dancing to a different beat.
Chamberlain Coffee, the Los Angeles-based specialty coffee brand founded by YouTube sensation Emma Chamberlain, announced it has closed a $7 million funding round to fuel omnichannel business growth.
Charles Joly, an acclaimed mixologist and co-founder of pioneering RTD cocktail maker Crafthouse Cocktails, discussed how the brand has distinguished itself via quality, consistency and variety, the impact of his experience and reputation in its development and how focusing on taste helped establish and cement the company’s relationships with retail buyers.
Private equity firm Butterfly announced today it has closed its sophomore fund, securing commitments from an undisclosed number of institutional investors, family offices, entrepreneurs, and food investors to invest a total of $1 billion in “seed to fork” food-focused entities.
