Owen’s Craft Mixers Teams With Barstool Sports to Grow Digital Presence
At a time when the world is shifting online, New York-based Owen’s Craft Mixers has secured an influential new digital partner: men’s lifestyle media company Barstool Sports.
Brands Give Back Roundup: Loco Coffee Partners With Boston Area Brands for ‘Pay It Forward’ Package; Nutpods Supports Nurses and Coffee Shops on National Nurses Day
The food and beverage industry continues to step up and lend support to those in need during the COVID-19 pandemic. In this roundup, we highlight brands’ efforts to give back, including Loco Coffee’s “Pay It Forward” snack care package featuring Boston area food and beverage brands and Nutpods’ efforts to support nurses and local coffee shops during National Nurses Day.
Office Hours: Strategy, Pivots, and Planning during the Pandemic
Office Hours is returning on Tuesday, May 12 at 3 p.m. ET. Industry veterans Alan Murray and Brad Barnhorn will use examples derived from years of working with brands as board members and operators to offer advice on forecast planning, organizational strategy and leadership during the pandemic, while fielding questions from viewers at home.
Taste Radio Insider Ep. 84: The Fastest Growing Brand In This Category Was Also The Most Patient One
Jamba Dunn, the founder and CEO of Rowdy Mermaid Kombucha discussed the duality of Rowdy Mermaid’s current trajectory and its long-term business strategy, the brand’s function-forward approach to formulation, why he was cautious about aligning with a private equity firm and how his role as CEO has changed over the years.
Welcome to the New BevNET and NOSH
If you’ve subscribed, thank you. Today is the first day of your full access to our existing and expanding platform. If you’re still waiting, we’re excited to have you join us. For 24 years our mission has been to provide the stories and information that help food and beverage professionals navigate the industry. This new subscription model will support our team’s commitment to providing you with independent journalism that serves and informs the food and beverage community, and will enable us to extend our capabilities even further to fulfill that mission.
Monster: Q1 Sales Up 12.3%, Despite April Declines
Monster Energy reported over $1 billion in sales during the first quarter of 2020, though the company is preparing for more difficult days ahead. Net sales rose 12.3% ($1.06 billion) over the same period last year, with gross sales up 13.4%.
Hydrant Raises $5.7 Million Series A Round
Hydrant, the maker of a line of powdered hydration drink mixes, has raised $5.7 million in a Series A funding round led by Coefficient Capital, the company announced today, bringing its total funding to $8.8 million. In addition to Coefficient Capital, the round also included Rx3 Ventures and prior investors Soma Capital and Sixers Innovation Lab, an incubator program run by the NBA’s Philadelphia 76ers.
Scott Miller Appointed as New CEO at Essentia
Essentia Water announced today that founder and CEO Ken Uptain will be shifting into a new role as the company’s Executive Chairman, with Scott Miller, CEO of Tampico Beverages, chosen as his successor. The change is effective June 1.
Elevator Talk: Acid League Plans Launch of Vinegar-Based Platform Brand
Allan Mai is the co-founder of Acid League, a startup led by food scientists building a platform brand around their house-crafted, functional vinegars. The company begins by fermenting fruits and vegetables, then experiments with various recipes and product types including shrubs, cooking vinegars and condiments.
Review: LaDiDa
LaDiDa is a recently launched line of oat milk lattes that are infused with 15mg of full spectrum hemp extract. The products, which are packaged in 8 oz cans, come in three varieties: Matcha, Golden Turmeric and Honey Lavender.
Swig + Swallow Rebrands to Cheeky Cocktail Co.
Last month, Swig + Swallow rebranded to Cheeky Cocktails Co., dropping its entire product portfolio and the half-full bottle concept in favor of a new line premium syrups and juices, available in eight flavors for $7.50 per 8 oz. bottle.
Elevator Talk Livestream Round 10: 503 Distilling, Oxigen, Evy Tea ft. Megan Bent of Harbinger Ventures
The tenth round of Elevator Talk Livestream includes leaders from 503 Distilling, Oxigen, Evy Tea and more. This week's special co-host is Megan Bent, the founder and managing partner of Harbinger Ventures, who will share her thoughts, questions and feedback with the participants.
Watch Office Hours: Category Reviews and Resets, New Directions for Retail, and Buyer Expectations
This week's edition of Office Hours explores COVID-19 pandemic-related disruptions to the review and reset process for categories and products, and the steps brands can consider when reaching out to retail buyers.
Taste Radio Ep. 212: How The Unlikely Duo Of NASCAR’s Kyle Busch And Suja’s Jeff Church Are Attempting To Defy The Odds In Energy
This week, we’re joined by the team behind upstart brand Rowdy Energy, NASCAR champion Kyle Busch and Suja co-founder Jeff Church. The duo spoke about their decision to enter the competitive energy category, leveraging Busch’s fame and fan base in an authentic way and how Church is incorporating lessons from the Suja playbook into Rowdy’s business strategy.