Citing recent supply chain challenges, Credit Suisse lowered expectations for the company’s sales performance ahead of the release of its Q3 2021 earnings report next month. The revised coverage has decreased expected 2021 revenue for the Swedish oat milk maker from $694 million to $685 million.
Aiming to expand outside of the Midwest, Wisconsin-based craft brewery Sprecher Brewing Co. has acquired the brand portfolio of regional soda maker WIT Beverage Co. (WBC) for an undisclosed sum.
Two of the world’s leading beverage companies -- The Coca-Cola Company and PepsiCo -- were named among the world’s top plastic polluters for the fourth year in a row, according to the latest global Brand Audit report from Break Free From Plastic (BFFP), released yesterday.
Omsom co-founder/CEO Vanessa Pham spoke about the company’s vision to break long-standing barriers in the ways ethnic food is perceived and sold, and how the brand became one of the most publicized startups in recent memory. We also feature an interview with Caroline Cotto, co-founder/COO of Renewal Mill, an upcycled food brand that markets ingredients and finished products.
A|dash is a brand of cold brew coffee infused “with just A|dash of adaptogens” that is marketed as a functional beverage that offers “balance” as the core function mentioned on the label. The product line currently contains a single eponymous SKU packaged in an 8 ounce can.
General Mills has expanded its presence in functional kids products with the launch of Doolies, a new line of snacks and beverages containing fiber and probiotics to help prevent and treat occasional constipation in children.
Nearly a year after it was passed into law, recycling-related legislation in California is poised to have a significant impact on bottle production in the country’s biggest economy.
In the spirits space there’s premium, and then there’s premium. Now, as the alcohol industry embraces RTD formats, pre-mixed cocktails are receiving the luxury treatment. The Gold Fashioned is available online and in select retail locations and sells for $150 per 750 mL bottle. Each bottle also comes packaged in a blue and gold box featuring details about the sourcing of each ingredient.
Halloween isn't yet upon us, but this week saw some beverage companies getting into the spirit of the holiday early by embracing of chocolate and mocha flavors (not to mention the ubiquitous pumpkin spice).
One year after the launch of its RTD sports drink line, BioSteel is drawing comparisons to one the category’s major players -- and not just because of its name. Last month, a report from Goldman Sachs Equity Research praised the Toronto-based company, calling it an “emerging disruptor in the sports drink category” that “reminds us of an early stage BodyArmor.”
Dripdash is a line of Japanese style ready-to-drink iced coffees that use Kyoto-style slow-drip coffee as their base. Originally launched back in 2019 in a single SKU, Dripdash now has three flavors and the products are packaged in 9.5 ounce cans.
E-commerce convenience delivery platform Gopuff launched in New York City this week, with the promise of delivery to New Yorkers in 30 minutes.
Amazon has welcomed more than 100,000 brands to its U.S. store so far this year, and the company has introduced a suite of new services and user tools aimed at helping those brands gain customers and increase profits. The online retailer made the announcement yesterday at its annual Accelerate 2021 sellers conference in Seattle, where it also revealed that sales by brands are up 60% year-over-year through the end of June.
In this People Moves roundup: Eternal Water taps Essentia talent, Jones Soda names new CMO amid push towards cannabis, Lemon Perfect brings on PepsiCo Water+ alum as CMO, Jennifer Yu in as Diageo’s VP of Brands and Culture and New Wave Soda Brings on J.W. Fischer as Sales VP.
