Monster: Q1 Earnings Underwhelm Analysts
Monster Energy reported a rise in net sales in the first quarter of 2018, but a significant drop in gross profits has left investors pessimistic about year-end margins for the energy drink company.
Ugly Sparkling Water Set for U.S. Launch
Ugly Drinks, an United Kingdom-based sparkling water brand, is launching in the U.S. on May 14 via a direct-to-consumer ecommerce platform and at independent retailers in the New York metro area.
Taste Radio Ep. 110: Foodstirs Founders Explain Importance of Indulging ‘Personal Mission’
Foodstirs co-founders Sarah Michelle Gellar, Galit Laibow and Greg Fleishman bake up “an indulgent experience that’s worth it”; why Vice Cream is betting on “a backlash to the backlash”; rising up times with Weller, a brand of hemp-infused coconut bites.
IFF Acquires Frutarom for $7.1B
The New York-based flavor and fragrance giant announced on Monday its plans to acquire Israeli flavors and natural ingredients firm Frutarom for $7.1 billion -- its biggest purchase to date. The deal would boost IFF to a second-place spot in the global natural flavors market, seeing as 75 percent of Frutarom’s sales are in natural.
Dream Water Acquired by Canadian Cannabis Co. Harvest One
Non-prescription sleep aid Dream Water has been acquired by Vancouver, Canada-based cannabis company Harvest One for approximately $26.7 million (C$34.5 million).
Review: Health-Ade Jalapeño Kiwi-Cucumber Kombucha
Jalapeño Kiwi-Cucumber, the summer 2018 seasonal release kombucha from Health-Ade, has a mild to medium spice that doesn’t overwhelm the other flavors and doesn’t linger.
Only 30 Days until the Beverage Industry Gathers at BevNET Live
In just 30 days the beverage industry’s hottest beverage brands and most influential experts will converge on New York, NY for BevNET Live, the beverage industry’s largest community gathering. On June 6th and 7th, BevNET Live will dive into the state of the industry, the latest trends, the most significant milestones, and host riveting talks about where it’s all headed.
Nestlé Acquires Rights to Starbucks CPG Business for $7.2B
Nestlé S.A. has acquired the global rights to sell packaged retail products from coffee giant Starbucks Corporation for $7.15 billion plus additional royalties.
A Breakdown of the USDA’s GMO Labeling Proposal
The USDA published a proposed rule to establish standards for the disclosure of bioengineered foods on packages in places where consumers can easily find them. However, the long-awaited proposal leaves industry leaders with just as many questions as it does answers.
Fizzique Launches Sparkling Protein Drink
As the sparkling water and protein drink categories both continue to expand, David Jenkins, a former Olympic sprinter and founder of protein products brand NEXT Nutrition, is looking to marry the two with his latest venture.
Review: Brew Dr.’s Cans A Great Prescription
Brew Dr. has created the best executed move into cans that we’ve seen from any kombucha company. The packaging and the formulations are spot on.
SEC: True Drinks Exploring Potential Sale
Irvine, Calif.-based True Drinks Holdings, Inc., the maker of the children’s flavored water beverage AquaBall has lost its president and CFO and reduced its staff to two full-time employees as it explores a potential sale of its remaining assets, according to documents filed with the U.S. Securities and Exchange Commission (SEC).
Gary Hirshberg, Kombucha CEOs, Jon Sebastiani Join BevNET Live
BevNET Live will welcome one of the natural products business’ original heroes and reflect on the power of capital infusion within one of its most popular emerging categories. The event, held on June 6 and 7 at the Metropolitan West in Manhattan, will feature a talk from Gary Hirshberg, the founder of Stonyfield Farm yogurt and one of the best-known voices of the entrepreneurial food and beverage movement.
Blossom Water Preps New Bloom
Massachusetts-based botanical essence water brand Blossom Water has unveiled new packaging and a reformulation reducing the amount of sugar from 11 g to 5 g per bottle, removing erythritol and agave, and adding probiotics.