PepsiCo announced yesterday it will drop “Rise” from the name of its MTN Dew Rise Energy line, signaling a temporary win for cold brew coffee maker Rise Brewing Co. in the company’s legal challenge over claims of trademark infringement. The product will be renamed “MTN Dew Energy.”
Cold-pressed juice maker Pressed announced today it has partnered with food tech company The EVERY Company to launch a new plant-based smoothie, the first commercial product to feature EVERY’s animal-free ClearEgg protein as its key ingredient.
Erewhon Chief Growth Officer Kabir Jain discussed the upscale grocer’s emphasis on being first when it comes to carrying new and unique concepts, how it defines innovation and why he describes brand selection as both “an art and science.” He also discussed the throughline for fast-growing food and beverage categories, and how the chain is supporting brands with highly actionable sales data.
Boston-based cannabis delivery platform Lantern announced the promotion of its president, Meredith Mahoney, to co-founder and CEO. The move comes less than a year after the company was spun off from former parent Drizly.
Latin American beverage tech company Beliv announced this month that it has acquired New Orleans-based probiotic beverage maker Big Easy, giving the multinational company a foothold in the U.S. market. Terms of the deal were not disclosed.
A pair of beverage alcohol e-commerce platforms are merging. E-commerce luxury spirits platform ReserveBar announced today that it will acquire Minibar Delivery, a marketplace that offers on-demand delivery of beer, wine and spirits. The transaction is expected to close this week. The companies declined to disclose a sale price.
Over the past month new brands and products have entered the segment ranging from the debut of hard craft lemonade brand Mad Lemon to a house-made gin and absinthe combination from Tattersall Distillery. Check out the gallery below for the latest canned cocktails to hit the market.
Coconut smoothie producer Genius Juice, in a partnership with BLD Capital, has acquired a “significant stake” in refrigerated bar maker Bright Foods, the company announced today. Terms of the deal were not disclosed.
Despite supply chain challenges presenting significant headwinds, Monster Energy Company beat analyst expectations by reporting 13.2% net sales growth to $1.41 billion in its Q3 2021 earnings report, released yesterday.
PepsiCo has been ordered to stop using the “MTN Dew Rise Energy” name for its branded energy drink line this week after a New York judge ordered a preliminary injunction against the conglomerate in a trademark infringement lawsuit, handing a temporary victory to cold brew coffee maker Rise Brewing Co.
In this week's distribution roundup: Ocean Spray Launches Frutas Frescas Juice Line at Walmart and Boxed Water Now Available on Alaska Airline Flights.
Joy Milk Tea is a line of ready-to-drink milk tea beverages that are marketed as being as strong as coffee but without the side effects. The dairy-based product is presently being offered in a single 11 oz SKU named “Black No. 1.”
Black Rifle Coffee Company is going public after it announced this week it will merge with a special purpose acquisition company (SPAC) in a deal that values the military-focused brand at $1.7 billion.
Non-alcoholic craft beer maker Two Roots Brewing and cannabis beverage company Truss Beverage Co. announced a partnership this week to bring hemp-infused, non-alcoholic beer to Canada. The line will launch under Truss’ new Bedfellows Liquid Arts brand with two THC and CBD-infused beers -- Bedfellows Haus Mates and Bedfellows Indie Pals.
