WellWell Closes $3.9M Series A Funding Round
Plant-based functional beverage maker WellWell has closed a $3.9 million Series A funding round led by Sweat Equities, the company announced on Tuesday.
Dairy Giant Dean Foods Files for Bankruptcy
The dairy producer announced today it will use the bankruptcy process to “protect and support” ongoing business operations and address debt and pension obligations. Dean Foods has secured $850 million in debtor-in-possession financing from existing lenders to support continued operations ahead of an eventual sale.
Taste Radio Ep. 188: Veggie Grill Co-Founder: There’s A Highly Effective Way To Get What You Want
T.K. Pillan, the co-founder of vegan restaurant chain Veggie Grill, discussed his transition from tech to food and the “light bulbs” that led to the creation of the company. He also discussed why it’s critical for co-founders to be aligned on vision and values, what it means to be “a good investor” and the evolution of plant-based food brands.
People Moves: OWYN Names Mark Olivieri President
OWYN Names Mark Olivieri President; Sweet Reasons Brings On Industry Vets; American Beverage Association Announces New Board Members; New Age Names Julie Garlikov as CMO; Rob Paladino Joins Sol-ti as President; David Kroll Exits COCO5
Celsius: Domestic Growth Fuel Revenue Gains in Q3
Fitness energy drink brand Celsius saw domestic growth boost overall revenue 23% during the third quarter, according to financial results released by the company last week.
Review: REBBL Mayan Cocoa Gold Label
Released in October as a Whole Foods exclusive, REBBL Mayan Cocoa Gold Label is branded as an “ultimate super herb elixir.” The USDA Organic certified beverage includes four varieties of medicinal mushrooms as well as maca and ashwagandha.
Butterfly Picks Up Orgain to Compliment Bolthouse
Los Angeles-based private equity firm Butterfly last week announced its acquisition of a majority stake in “clean” protein brand Orgain. The deal is Butterfly’s fifth investment and second in beverage, following the purchase of fresh juice focused Bolthouse Farms earlier this year.
Monster: Q3 Net Sales Grow Despite Lukewarm North American Business
Despite declines in its North American business, Monster Energy Corp. saw net sales grow by double digits during the third quarter, the company announced in an earnings report yesterday. Speaking with investors during an earnings call, Monster vice chairman and president Hilton Schlosberg reported that net sales grew 11.6% to $1.13 billion, up from $1.02 billion in the third quarter of last year.
Taste Radio Insider Ep. 59: The ‘Slightly Out Of Control’ Growth Strategy
James McMaster, the CEO of Huel, a fast-growing brand of nutritionally complete meal replacement powders and RTD beverages, spoke about how the company manages sales and distribution in 80 countries, the challenges that come with rapid expansion and why formal referral programs are central to its consumer acquisition strategy.
Spirits Gallery: Fall’s New Gins and Tequilas
In this gallery, we highlight a handful of notable new spirits releases in the categories, including two Extra Añejo tequilas (including PATRON's limited edition, oldest-ever release), Bently Heritage's take on new world gin and the debut of zero-alcohol Monday Gin.
BevNET Live Winter 2019 Agenda Released; Only 30 Days Away
It’s time to reveal the official agenda for BevNET Live Winter 2019, which takes us back to the Loews Santa Monica Beach Hotel for the largest event to-date. More than 550 beverage professionals are already registered for the leading industry event which is now only 30 days away.
Coca-Cola Announces Launch of AHA Sparkling Water
The Coca-Cola Company today announced the launch of sparkling water brand AHA, signaling its intention to seriously compete in the rapidly growing zero-calorie sparkling water category.
KDP: Q3 Net Sales Strong, Despite Headwinds from Allied Brands
Although underlying net sales beat analysts’ projections, Keurig Dr Pepper (KDP) is still facing post-merger headwinds from its allied brands portfolio, the company announced in its third quarter earnings report today.
Review: Sunshine Sparkling Energy Water
Announced at Natural Products Expo East 2019, Sunshine Sparkling Energy Water is a new zero-calorie line extension that complements the company’s flagship line of energy drinks. Sparkling Energy Water features three flavors, including Citrus Lime, Pomegranate Acai and Lotus Pear.