Vita Coco parent company All Market Inc. (AMI) is planning to go public later this year with a potential valuation of $2 billion, according to media reports. According to Bloomberg, AMI -- which owns the Vita Coco, Runa and Ever & Ever brands -- could list shares by the third quarter, however plans are not finalized and are subject to change.
California-based spirits brand Løs Sundays Tequila announced today it has closed a $3.5 million Series A funding round closed out by CircleUp Growth Partners. Founded in 2017, Løs Sundays Tequila primarily markets its line of spirits -- which includes Blanco, Reposado and Coconut tequila varieties -- to younger consumers with a focus on women.
Rise Brewing Co. is taking PepsiCo to court. The nitro cold brew coffee maker filed a lawsuit in the U.S. District Court for the Northern District of Illinois yesterday alleging that PepsiCo violated its trademark when it launched MTN Dew Rise Energy, a new energy drink which rolled out to stores this spring.
We’ve posted the agenda for next week’s BevNET & NOSH Virtually Live event, and we’ve added a new panel to influence you to attend. With so much focus on influencers these days, we’ll be hosting a panel with Thrive Market and CAVU Ventures to address the best ways to exploit emerging social media channels.
Here’s another marker that life is approaching a post-pandemic “new normal”: the reintroduction of free samples in grocery stores nationwide. To the relief of brands, who have long relied on sampling to win customers, many retailers announced plans this month to allow brands back in-store for product demonstrations.
With a trippy Southern California vibe and inspiration from mimosas, the SunDaze line of citrus ready-to-drink canned cocktails is aiming to unchain the juice occasion from brunch. SunDaze — which checks in at 6% ABV and comes in three flavors: Original Citrus, Botanical Citrus and Spicy Citrus — was founded by long-time CPG marketing consultant Arthur Gallego.
The pandemic triggered an increased demand for functional and immune-boosting products over the past year – something that founders and judges paid attention to as they vied for the top prize in BevNET’s New Beverage Showdown 21 Semifinals.
Ready-to-drink cocktail maker Ohza announced today it has closed a $4 million funding round led by CircleUp Growth Partners. The financing is expected to help the brand scale nationwide as it partners with distributors such as Southern Glazer’s Wine & Spirits and Breakthru Beverage group.
Chloe Epstein and Michael Sloan, the co-founders of better-for-you frozen novelty brand Chloe’s, explained why they shifted focus from foodservice to packaged goods, the leap from a slow and steady growth strategy to one that embraced national distribution and why Chloe’s is not shy about putting a target on the back of big CPG.
Online retailer Boxed announced this week that it would become a publicly traded company via a merger with SPAC Seven Oaks Acquisition Corp. The proposed deal values Boxed at roughly $900 million, Seven Oaks said in a presentation to investors today, and will leave Boxed with $334 million in cash to invest back into the company.
“Powerful branding, international exposure, and strong Environmental, Social, and Governance (ESG) credentials” are just three of the qualities making Oatly a major player in the plant-based food and beverage space, according to a new equity research report from Credit Suisse.
The phrase “food desert” gets used a lot, but when it comes to New Mexico it can be a tad more literal. On Thursday, New Mexico Fresh Foods (NMFF) will host a ribbon cutting ceremony to help change that, celebrating the opening of its new high pressure processing (HPP) tolling facility -- the first in the state.
First, we’ll hear from Monisha Dabek, the new Chief Commercial Officer and General Manager of Ocean Spray. Dabek, who has helped grow and scale innovation at WhiteWave, Danone, and PepsiCo. Next, a pair of entrepreneurs whose sales thrived online during the COVID-19 pandemic will share their plans for getting ready to pound the pavement once again.
Faire, an online marketplace for retailers and brands, announced yesterday that it had closed an additional $260 million in funding. The platform, which helps retailers connect with and place wholesale orders from emerging brands, recently expanded to Europe as well. #url#
