PepsiCo Sells Tropicana, Naked Juice Brands to Private Equity Firm
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.
Nixie Sparkling Water Marks First Year With New Flavor Launch
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.
Gallery: July’s New Products
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.
Review: Twrl M!lk Tea
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.
Ex-Dairy Execs Launch Japanese-Inspired Plant Milk
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 CEO Touts ‘Outcomes,’ Stresses Premiumization in Q2; Rationalizes and Refocuses Economy Portfolio
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.
KDP: Guidance Raised After Positive Q2 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%.
Distribution Roundup: Whole Foods Makes It Rain; RNDC Meets CBD
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.
Hoptimism: With Constellation Brands Investment, HOP WTR Plans to ‘Leapfrog Growth’
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.
Following ‘Retooling’ and Expansion, Urban Remedy Raises $18M
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.”
Elevator Talk: NADI, Chiki Chiki Boom Boom, AMARUMAYU, Royal Leaf and Happy Being
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.
Nielsen: Overall Sales Slow As Volumes Shift Back To On-premise
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).
EBOOST Rebrands, Reformulates RTD Energy Line
Better-for-you energy drink maker EBOOST has debuted new branding and a reformulated liquid for its ready-to-drink line. The company, which is distributed through a partnership with AriZona Beverages, will debut the revamped products in 12 oz. cans this summer and plans to follow with a 16 oz. format for convenience retailers later this year.
Dole Completes Merger With IPO
As the final step to complete a merger with European fresh produce company Total Produce that began in February, this week Dole Packaged Foods intends to raise $559 million from an initial public offering. The merger forms the world’s largest fresh produce provider, joining Dole’s 109,000 acres of land, 162 distribution and manufacturing facilities, 75 picking houses and 12 cold storage facilities with Total Produce’s global import and distribution network.