The Vita Coco Company’s co-CEOs Mike Kirban and Martin Roper are splitting their titles, the company announced today, as Kirban will assume the title of Executive Chairman effective immediately. Roper will continue to serve as CEO, overseeing day-to-day operations.
As consumers turn more towards premium offerings for their alcoholic beverages, U.K.-based Double Dutch is making the leap to the U.S. with its line of premium mixers. Founded in 2015 by Dutch twin sisters Joyce de Haas and Raissa de Haas (hence, the name), Double Dutch produces a line of premium cocktail mixers and tonic waters available in 12 varieties.
Keurig Dr Pepper (KDP) raised its net sales growth guidance for the year to the high-single digit range following a 6.1% sales increase to $3.08 billion in its Q1 2022 earnings report this week, bolstered by an “exceptionally strong” beverage performance.
After launching last year, Caliwater continues to expand its retail presence, most recently entering Stater Bros. Markets across Southern California. The Los Angeles-based brand, founded by actors Vanessa Hudgens and Oliver Trevena, hit store shelves earlier this month in Ginger & Lime and Wild Prickly Pear flavors.
In this week’s new product roundup, functional soda brand Culture Pop rolled out two new fruity flavors, Lechia debuted with a lineup of plant-based milks and Golden Tiger launched a new look for its turmeric lemonade.
After today early registration prices expire for BevNET Live taking place on June 15 + 16 in New York City. This is the last chance to save $100 per registration. Register today to save.
You know when you come to BevNET Live Summer 2022, you’ll get excellent discussions, networking, and opportunities for connection. But just to sweeten the deal ahead of tomorrow’s early-bird deadline, we’re unveiling a group of speakers and topics to get you a little more fired up – and to get you thinking about the ways you want to participate in the conversations that will be ongoing at the event on June 15 and 16 at the Metropolitan Pavilion in New York, NY.
Italian coffee giant Lavazza is doing a balancing act in launching ready-to-drink cold brew drinks in the U.S., both leaning into its deep heritage and iconography while still appealing to American tastes.
Enhanced water maker Lemon Perfect announced today it has closed a $31 million Series A funding round backed by several investment firms and pop star and entrepreneur Beyoncé Knowles-Carter. The new financing brings the California-based company’s total financing to over $42.2 million and arrives as the brand prepares to expand its footprint to over 40,000 doors nationwide this year.
Tractor Beverage Company has reached an agreement with Keurig Dr Pepper (KDP) to enter a long-term exclusive partnership for the foodservice channel. KDP will also serve as the lead investor in a $60 million funding round to support expansion of infrastructure and marketing efforts and to grow the brand's awareness among younger consumers.
The National Advertising Review Board (NARB) has upheld a previous National Advertising Division (NAD) ruling supporting supplements brand Goli Nutrition’s right to use the term “Apple Cider Vinegar” (ACV) in the name of its gummy products, but said the company must discontinue certain claims and slogans that suggest the products have similar efficacy as liquid ACV.
Bawi is a recently launched, Texas-based brand of sparkling agua fresca beverages. The initial lineup features three flavors, including La Piña, El Limón, and Maracuyá.
Facing consistent challenges on the path to profitability, cannabis corporation Canopy has announced a host of cost reduction measures on Tuesday — including slashing around 250 jobs — as it targets hundreds of millions in savings by the end of the fiscal year 2022.
U.K.-based seltzer brand Something & Nothing announced today it has closed a $1.8 million (£1.5 million) funding round led by Rianta Capital to support its expansion in the U.S. this year. Founded in 2017 by Olly Dixon, a former creative director for CPG brands, and former Red Bull U.K. account manager Rupert Pugsley, Something & Nothing produces a line of low calorie flavored seltzers made with grape juice and lemon juice with no added sugar.
