After a week when companies, investment firms and trade groups sought clarity as to whether venture-backed companies can receive loans via the newly issued Paycheck Protection Program (PPP), the Small Business Association (SBA) issued further details on Friday. However, while the document does provide some clarification, many questions still remain unanswered.
A U.S. bankruptcy court approved last week the sale of all assets of dairy conglomerate Dean Foods, including a $433 million acquisition of properties by national cooperative Dairy Farmers of America (DFA). The decision comes roughly five months after Dean, at the time the largest dairy producer in the country, filed for Chapter 11 bankruptcy protection.
Seattle-based producer Darigold, the marketing and processing arm of Northwest Dairy Association, is investing $67 million in expansions and upgrades to its Boise, Idaho facility to help support the growth of aseptic ultra-filtered milk brand FIT.
Operations and inventory management are the backbone that supports your food and beverage company during this time. Today, April 6th, BevNET Editor-in-Chief Jeff Klineman will lead a co-packing panel on the stresses and solutions affecting brands and their co-packers during the ongoing COVID-19 Crisis.
As healthcare workers become today’s heroes, food and beverage brands across the country are banding together to give back and donate to New York City metro hospitals under a new initiative, FoundersGive.
In this roundup, we highlight some of the work brands are doing to give back during the COVID-19 crisis, including several new initiatives to support independent gyms and a rapidly scaled coffee co-packing program for e-commerce.
When former Kombrewcha CEO and co-founder Ariel Glazer left the alcoholic kombucha brand in 2018, he promised himself two things about his next venture: it wouldn’t involve selling physical items and it wouldn’t rely on traditional retail distribution.
Vive Organic recently announced that they are expanding their shot lineup with two new flavors, Energy + Focus and Electro Restore. These new SKUs, which also showcase the company’s latest branding, extends Vive’s wellness platform into two new use occasions.
Ethan Hirshberg, the founder & CEO of organic wellness shot brand Ethan’s, spoke about the importance of “being nimble responsibly,” why the company is “maniacally obsessed with customer feedback,” how core values are incorporated into products and communicated to consumers and what he views as Ethan’s biggest advantage over more established competitors.
It’s not just what you sell that makes or breaks a brand, but where you sell it. That’s the thesis behind venture firm Coefficient Capital, which last week announced it had raised $170 million for its first fund.
On Monday, we’re presenting a special panel for entrepreneurial food and beverage companies on the stresses and solutions affecting the relationship between brands and their co-packers during the ongoing COVID-19 Crisis.
The fifth round of food and beverage brands includes Poppilu, Vital Farms, Genius Juice and Cocoa Metro. We also have a special co-host this week, Dr. Sebastian Dreher, the Managing Director of Döhler Ventures, who will weighing in on the brands from an investor's perspective and provide feedback.
Founded in 2017, Wildwonder currently has a distribution footprint of about 100 independent retail doors and about 300 office and on-premise accounts. According to founder and CEO Rosa Li, the name change reflects a new brand identity that moves beyond tea and transforms the company into a broader health and wellness beverage platform.
Typically, food and beverage represents only around 3.2% of total U.S. online sales. But through a combination of factors, the outbreak of the novel coronavirus, COVID-19, has accelerated the shift to web-based shopping.
