Spirits People Moves: Eyeing Fast Growth, LALO Hires Fmr. Waterloo COO as President
In this spirits-focused People Moves roundup, Jeff Arnold joins LALO as COO while Richard Zeller is promoted to President at 3 Badge Beverage.
ZOA Energy Lands $10M Credit Line With Gerber Finance
ZOA CFO Dwight McCardwell said Gerber Finance offers "flexible financing, which is invaluable for our new and rapidly growing brand."
This Week’s New Products: Rockstar Gets Unplugged; Sanzo, Brew Dr., HOP WTR Spotlight Citrus Flavors
Whether you're looking for Happiness, Tiger Blood or something in between, we've got products for all tastes this week. Featuring new releases from C4, Brew Dr. Kombucha, HOP WTR, Me & the Bees Lemonade, Aqua Nobel, Biolyte, Jones Soda, Clover Sonoma, Levia, Pressed, Sanzo and Rockstar.
Review: De Soi
First announced in January, De Soi is a new brand of non-alcoholic sparkling aperitifs produced by singer Katy Perry and Morgan McLachlan, the master distiller of AMASS Spirits. The product line currently features three flavors, in 750ml bottles or 8 oz cans, and features a unique blend of herbal and adaptogenic ingredients.
DISCUS: Spirits Revenue +12%, to $35.8B; Gains Share From Beer and Wine; Trade Group Focuses on Tax and Market Access Parity for RTDs
Premium offerings and ready-to-drink packaged cocktails propelled the spirits category to $35.8 billion in sales in 2021, a +12% increase from 2020, the Distilled Spirits Council of the U.S. (DISCUS) announced this week.
Legalization, ‘Share of Buzz’ Top Challenges Facing Cannabis Beverages
“Share of Buzz” may be one of the biggest challenges facing brands looking to enter the cannabis beverage space, according to a panel discussion hosted by Duane Morris LLP and the American Trade Association for Cannabis and Hemp’s (ATACH) Cannabis Beverage Council on Wednesday.
ZenWTR Receives Plastic Negative Brand Certification
Premium alkaline water brand ZenWTR has received a Plastic Negative Brand Certification from environmental nonprofit Plastic Credit Exchange (PCX), the company announced today, making it the first beverage producer to achieve the classification.
Chobani Leans Back into Dairy With Ultra-Filtered Milk, Half & Half
After establishing a presence in oat milk over the last three years, Chobani is seeking to build on the other side of the divide with the national launch of two new refrigerated dairy platforms this month: Ultra Filtered Milk and Half & Half.
Powder, Shake, and Dough: Protein Nutrition Brand Orgain Sold to Nestlé Health Sciences
Nestlé Health Sciences has purchased a controlling stake in Orgain, a plant-based organic protein powder, beverage and nutrition brand started by physician and cancer survivor Dr. Andrew Abraham.
King’s Hawaiian Acquires Shaka Tea
Family-owned food manufacturer King’s Hawaiian has acquired Hawaii-based beverage brand Shaka Tea, the company announced today. Terms of the transaction were not disclosed. The deal comes less than two years after the baked goods and restaurant company invested in Shaka as part of a $2.3 million funding round.
Heaven Hill Adds Widow Jane, FEW and More in Samson & Surrey Acquisition
Kentucky-based Heaven Hill has acquired premium spirits company Samson & Surrey, picking up a suite of six brands that are tracking $40 million in annual sales, according to a release. Terms of the deal were not disclosed.
Olipop Co-Founders: “There’s More and More Opportunity to Go After”
After announcing the close of a $30 million Series B funding round yesterday, Olipop co-founders Ben Goodwin and David Lester told BevNET they have set the goal of both doubling the brand’s retail footprint and achieving a $100 million run rate by the end of this year.
Waterdrop Closes $70M Funding Round, Plots Global Growth
Austrian beverage brand Waterdrop has closed a $70 million Series B funding round led by private equity firm Temasek, the company announced this morning.
Taste Radio: The Two Words That Guide This Extraordinary Founder. And, A Few Minutes With Maxi.
This week on Taste Radio, we share the inspirational story of Adam Bremen, the founder of fast-growing snack bar brand Keto Krisp, who spoke about how perseverance and a can-do attitude has yielded personal and professional success throughout his life. Also, investor Maxine Kozler Koven joins the episode for the first installment of a new regular series in which she provides her insights and analysis of the food and beverage industry.