Press Clips: PepsiCo Announces Incubator Program ‘The Hive’
PepsiCo Announces Incubator Program "The Hive”; Soda Taxes Upheld in Philadelphia, But Unlikely to Spread in Pennsylvania; Starbucks and McDonald’s to Collaborate on Sustainability
Rethink Closes $6.7 Million Round Led by AccelFoods
Venture capital fund AccelFoods has re-upped on its initial investment in carton water company Rethink Brands, leading a $6.7 million round announced in a press release Monday.
Review: Riff Cold Brew
Made in Bend, OR, Riff Cold Brew is a line of cold brew coffee that is available in both single serve and bag-in-box formats. Today, we’re taking a look at their single serve product, which is packaged in 12 oz. glass bottles.
ACG Closes $350M Fund to Invest in ‘Rising Star’ Brands
Private equity firm Alliance Consumer Growth, which includes beverage maker Suja in its portfolio of investments, announced this week the close of its fourth fund at $350 million.
In the Courtroom: Monster Settles Class Action, Canada Dry Named in Suit
Monster Settles Class Action Over ‘Natural’ Claims; Canada Dry Targeted in Class Action Suit Over "Made from Real Ginger" Slogan
Distribution Roundup: Role Tea Adds Wegmans and Hy-Vee
Role Tea drastically expanded its distribution earlier this month, True Nopal Expands Distribution in Texas, Sunshine Beverages Grows in the Carolinas and Petal Launches on Amazon.
Hint Opens First Retail Store in San Francisco
The flavored water maker announced the grand opening of its first brick-and-mortar retail store this week, located at 2124 Union Street in the Cow Hollow/Marina district of San Francisco across from the company’s HQ.
Wells Fargo C-Store Survey: Non-Alc Beverages Up 4.2 Percent In Q2
Convenience stores enjoyed a robust 4.2 percent estimated increase in non-alcoholic beverage sales in Q2, according to a survey of approximately 25,000 c-store retailers conducted by Wells Fargo Securities.
Review: Aqua Kola Revamped
Previously launched as Aqua back in 2016, Aqua Kola is a restaged and more polished looking product than its predecessor.
People Moves: Peet’s, Dunkin’ Brands Name New CEOs
Shakeups at three major coffee players: Peet's announces former Wrigley president as CEO; Dunkin' Brands promotes Hoffman to chief executive position; Starbucks CFO announces retirement.
Taste Radio Ep. 120: Banza Co-Founder Rudolph: “Be Polite, But Be Relentless”
Banza co-founder/CEO Brian Rudolph on why mentors, cold calling were key to his fast-growing brand. Measuring the impact of influencers and unconventional marketing strategy with MatchaBar co-founder/CEO Graham Fortgang. Meet the founders of Simply Soupreme, Jackie Greene & Taylor Rossi, who were victorious in BevNET Live’s New Beverage Showdown 15.
MatchaBar Closes Celebrity Backed $8 Million Funding Round
The New York-based matcha brand announced today the completion of an $8 million Series A round led by a slate of celebrity investors including DJ/producer Diplo (born Thomas Wesley Pentz), Denver Broncos linebacker Von Miller, actor Ansel Elgort and singer Billie Eilish.
Fountain Service Moves Forward
The types of beverages being offered in fountain service is changing, and helping shift the way users interact with and think about their selections at the point-of-sale.
Review: Asarasi Pure Water Harvested From Trees
Asarasi is a USDA Organic certified line of zero-calorie and unsweetened sparkling water beverages that uses a unique source for its water: maple trees.