Target Acquires Shipt for $550 Million

The big box retailer announced today that it has agreed to acquire Shipt, Inc., a leading online same-day delivery platform, for $550 million in cash. Terms of the deal, which is expected to close before the end of the year, were not fully disclosed.

Taste Takeover: 5 Flavor Trends from BevNET Live

At last week’s BevNET Live in Santa Monica, California, flavor and extract companies predicted their taste trends of 2018. Here’s what they expect consumers to be craving most in the new year.

BevNET Live 2017: Analyzing Global Trends

From coconut water to kombucha, global trends can predict the next big category in the U.S. Observing the drinking habits of people around the world can reveal an early glimpse of what might be showing up in New York City bodegas and L.A. convenience stores in the near future.

Review: Seven Sparkling Water

Seven Sparkling Water, which was created by the same folks behind Project 7, is a new entry into the explosive flavored sparkling water category.

People Moves: Soylent Founder Steps Down, Crowley Named CEO

Soylent founder and CEO Rob Rhinehart stepped down today, announcing in a blog post that it was time to “pass the reins” to a leader with more management and beverage industry experience. He will remain on the company’s board of directors as executive chairman and is the largest shareholder.

Soda Tax Update: Philly Tariff To Be Challenged

A few months after Chicago government officials voted to repeal the city’s soda tax, Philadelphia's version of the controversial tariff may be headed for a similar fate.

Boochcraft Bucking Kombucha Trends With Boozier Brews

Rather than fight for room in a kombucha market growing more crowded and competitive every day, Boochcraft has taken a different approach: jumping from the category standard of 0.5 percent alcohol by volume (ABV) or lower to around 7 percent.

BevNET Live Winter 2017: Day Two Recap

The second day of BevNET Live Winter 2017 at the Loews Beach Hotel in Santa Monica, Calif. took a deep dive into the internet’s total reconstruction of the marketplace.

Bruce Cost and His Ginger Ale Look to Separate Futures

A rocky divorce last summer saw Cost sue the company he founded to prevent the use of his name on zero sugar products, but today the dust, along with the lawsuit, has settled and both parties are looking to the future with ventures new and old.

Bear Squeeze Wins New Beverage Showdown 14

Ketogenic meal shake maker Bear Squeeze emerged victorious from a group of five innovative early stage beverage brands participating in the final round of the Showdown, which closed out the second day of BevNET Live Winter 2017 at the Loews Beach Hotel in Santa Monica, Calif.

BevNET Live Winter 2017: Day One Recap

The first day of BevNET Live Winter 2017 in Santa Monica probed the coffee category for answers on how entrepreneurs can handle competitions and asked retailers and consultants about how they think ecommerce is changing the marketplace for beverage.