In a deal that values the company at nearly $2 billion, Swedish oat milk producer Oatly has secured $200 million in new equity funding in a round led by Blackstone Growth and a group of celebrity investors which includes Oprah Winfrey and former Starbucks CEO Howard Shultz, the company announced today.
On this week's Office Hours, BevNET managing editor Martin Caballero is joined by Alisa Williams, Partner at VMG, and Matt Thomas, founder and CEO of Brew Dr. Kombucha, for a discussion exploring the roles that CPG entrepreneurs and brand leaders can play in supporting a more diverse, equitable and inclusive industry.
PepsiCo’s North American beverage business felt the brunt of the COVID-19 pandemic in Q2, the company announced today in its quarterly earnings report, as organic revenue fell 7% due to declines in the convenience, gas and food service channels, offsetting positive growth in grocery, mass and dollar stores.
Bimble, a line of sparkling CBD beverages that we first reviewed in January 2019, is back with an updated look to their packaging as well as a second flavor: Blueberry Lemon Ginger.
Having spent the past seven years staking its territory online, New Mexico-based Caveman Coffee is on the hunt for new consumers through a retail expansion and new innovations rolling out this year. Founded in 2013 by CEO Lacie Mackey, a former fitness trainer, and actors and MMA fighters Tait Fletcher and Keith Jardine, Caveman produces a variety of coffee and tea products, including MCT oil-infused lattes.
Kokomio, which is a line of USDA Organic high pressure processed (HPP) coconut beverages, is back with a significant update from our first review of the brand in 2019. This includes both a major refresh to its packaging and an update to its flavor lineup.
Having spent the last decade investing in food and beverage brands through venture capital firms, Tom First is once again building a product and brand from the ground up with Culture Pop, a new probiotic soda that launched online and in select retailers this summer.
We’re excited to present episode one of SprintToSuccess, a video series focused on demystifying the branding process for entrepreneurs with an entrepreneur! In this first episode, we hit the ground running—you’ll meet our selected entrepreneur, Melissa Martinelli, who rose to the top from a pool of 106 applicants.
A number of major food and beverage companies have joined the #StopHateForProfit initiative, a campaign urging companies to suspend advertising on Facebook throughout July in an effort to pressure the social media platform to address misinformation and hateful content on its sites.
BevNET and NOSH’s weekly live call-in show, Office Hours, returns Tuesday, July 14 at 3 p.m. ET. BevNET managing editor Martin Caballero will be joined by Alisa Williams, Partner at VMG, and Matt Thomas, founder and CEO of Brew Dr. Kombucha, for a discussion exploring the roles that CPG entrepreneurs and brand leaders can play in supporting a more diverse, equitable and inclusive industry.
The business is much more complex than when David Smith founded High Brew in a moment of inspiration while on a sailing trip with his family. But the brand is returning to its core elements once again to find a new visual identity aimed at organizing its growing product portfolio and standing out in an increasingly crowded coffee set.
The sixteenth round of Elevator Talk Livestream features leaders from Hella Cocktail Co., Doctor D's, Chase Your Drink, Vibal Energy Tea and Mezcla. This week's special co-host is Tom Spier, Founder & Managing Partner of Boulder Food Group.
With the launch of Booch Pop, Health-Ade is the latest in the growing ranks of kombucha brands that have released shelf stable offerings. The line, which is launching on Amazon in 12 ounce cans, features three flavors: Pom-Berry, Ginger Fizz and Lemon+Lime.
Energy drink maker Monster Beverage could be entering the more than $2 billion hard seltzer segment, according to a report by Stifel Financial analyst Mark S. Astrachan.
