CPG-focused investment group Sunrise Strategic announced late last week that it would bring aboard more food and beverage veterans, notably ex-ONE Brands CEO Peter Burns, to help the firm diversify its capabilities. The news comes as the firm also announced its financial partner, Trilantic North America, had invested additional capital into the group.
This week, we’re joined by Charles Coristine, president and CEO of LesserEvil, who spoke about the better-for-you snack brand’s turnaround from industry outcast to a vertically integrated platform that emphasizes gross margin and innovation. Within our conversation, he explained why he leans on retail buyers to guide product development and why he’s a proponent of “failing fast and falling forward.”
PepsiCo has taken a major step back from the juice business through the sale of Tropicana, Naked and its other juice brands in North America, the company announced this morning.
Organic flavored sparkling water brand Nixie has introduced a new Strawberry Hibiscus flavor this week to “perfectly encapsulate those last two weeks in July,” said Nixie Water Founder and CEO Nicole Bernard Dawes.
As we continue to wade through the summer, beverage brands released a variety of new functional products with everything from ready-to-drink beverages supporting immune health and hydration to line extensions from CBD-brands such as Unity Wellness and Rhythm. Check out the gallery for the latest limited-releases, reformulations, brand debuts and more.
Twrl M!lk Tea is a plant-based milk tea that is made with premium ingredients and nitro-infused. The product line features three flavors, including Original Black, Hojicha Roasted Green Tea and Supreme Jasmine.
Launched this month by two former dairy industry executives, Yoi is taking a gut-health approach to plant-based milk through a slow-cultured combination of nut and seed milk. The inspiration behind the brand’s culturing techniques are also tied to its name; meaning ‘good’ in Japanese, Yoi made its debut at local San Francisco farmers markets and is now on the shelf at 20 independent grocers in the Bay Area.
Molson Coors Beverage Company CEO Gavin Hattersley stressed that the “outcomes” of the company’s 2-year-old revitalization plan are beginning to materialize. Those outcomes became frequent talking points during the company’s second quarter 2021 earnings report.
Keurig Dr Pepper (KDP) is raising its annual guidance from 4% to 6% to 6% to 7% after seeing broadly positive momentum in its Q2 2021 earnings report, the company announced today. Net sales during the quarter rose 9.6% to $3.14 billion and adjusted operating income grew 8.3%.
In this week's Distribution Roundup, Richard's Rainwater expands with new formats nationwide at Whole Foods, while Republic National announces its new slate of CBD beverage partners.
Spirits and Mexican import beer giant Constellation Brands today put its official stamp of interest on the trend by investing in HOP WTR, an emerging brand of infused zero-calorie sparkling water.
Banking on increased trips out and about as COVID recedes, ultra-fresh meal, snack and beverage producer Urban Remedy is doubling down on a strategy to grow sales via its branded kiosks. It’s a move that CEO Paul Coletta says allows the company to achieve better margins, grow faster with less capital investment and puts the company on “path to profitability.”
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Czar Daniolco, the co-founder of Hi-Touch Distribution, who will share his thoughts, questions and feedback with the participants.
Non-alcoholic beverage sales continue to slow down, but remain positive with a 3.7% increase over the two-week period ending July 17, 2021 on a year-over-year basis, according to an analysis of Nielsen data by Goldman Sachs Equity Research. Volumes continue to shift back towards the on-premise channel during this period which is inclusive of the July 4th holiday while sales climbed 16.4% on a two-year stack basis (last year’s report of the same period began July 5).
