Office Hours returns today with a look into the state of the food service channel as a revenue and visibility outlet for food and beverage entrepreneurs. BevNET Editor in Chief Jeff Klineman was joined by Rooted Food Sales’ Matt Cotton and Clay Lichterman of Kodiak Cakes to explore the ways the Covid-19 pandemic cut into food service opportunities and the slow road back for many institutional accounts.
Having emerged this year as one of the fastest growing energy drinks in the U.S. market, CELSIUS’ momentum continues to surge, earning an “outperform” rating according to a new report by Credit Suisse. According to the report, which stems from CELSIUS’ analyst day event in Miami, Florida last week, the brand has seen “a strong rebound in demand post pandemic."
Celebrity backed spirits-based RTD The Finnish Long Drink has announced the closing of a $25 million funding round led by New York-based investment management firm Neuberger Berman.
As Foxtrot Market, one of the most hyped retailers in recent memory, prepares to open dozens of new locations, we sat down with co-founder/CEO Mike LaVitola to talk about how the company cultivates an intimate understanding of its consumers, its uniquely curated product selection and why the chain is simultaneously going head-to-head with the likes of Starbucks, 7-Eleven and DoorDash.
Food tech company NotCo announced today that it has raised $235 million in a Series D funding round led by Tiger Global, bringing its total financing to over $350 million to date. The funding will help the plant-based milk and meat producer to launch its food products in the U.S. and scale its proprietary A.I. technology platform.
North Carolina-based grocer The Fresh Market filed for an initial public offering this month for the second time in the company’s almost 40-year history. This second IPO could bring significant changes to the grocer’s position in the retail landscape, forcing them to optimize operations at the expense of local and emerging brands.
In this Ingredients Roundup: NURA introduces organic 5-HTP supplement CLEANMOOD, an unexpected frost causes Arabica coffee prices to plunges, , Blue California and Conagen promote energy and healthy aging through new ingredient, Welcome Dairy Holdings Acquires North Star Processing and Monin Introduces Energy Boost.
Having established a national footprint, ZOA Energy -- the plant-based beverage brand co-founded by Dwayne “The Rock” Johnson and distributed through Molson Coors Beverage Company -- is preparing to launch its first televised marketing campaign beginning with a 30-second spot during the opening ceremony of the 2020 Olympics in Tokyo.
Looking ahead to the second half of this year and beyond, retention of new shoppers, increasing comfort buying CPG online and acceleration of investments by leading retailers in online capabilities is set to drive expansion of online grocery further, representing an estimated 12% of total edible sales.
GIST is a line of sparkling waters that are enhanced with 4 grams of prebiotic fiber per 12 ounce can. The products do not contain any added sweeteners and come in two flavors, Chamomile with Rosemary and Ginger with Rooibos.
Direct-to-consumer powdered beverage maker Athletic Greens announced this week that it has raised its first ever round of outside capital featuring celebrity and institutional investors; Stevia-sweetened beverage maker Zevia debuted on the New York Stock Exchange on Thursday, offering 10.7 million shares priced at $14 each, raising just under $150 million for the company.
In this weeks distribution roundup: Bimble expands to Rhode Island with Horizon Beverage, 'Try My T' makes its retail at Southern California Whole Foods, Cruise Beverage partners with Egizii Distributing, and the latest from Take Two, KRISP DRINKS, Zenify, Keef Brands, Hylux and Shine Water.
The Coca-Cola Company is experiencing a post-lockdown rebound as net revenues jumped up 42% to $10.1 billion in the second quarter, according to an earnings report this week. Coke reported organic revenue growth of 37% in Q2, including a 26% increase for concentrate sales as the on-premise channel reopens.
A year after its launch, Health-Ade’s soda-adjacent Booch Pop product has been redesigned and rebranded. Now known simply as Health-Ade Pop, the company aims to expand its reach with consumers by repositioning the line away from kombucha and towards better-for-you soda.
