The Coca-Cola Company today announced it has reached an agreement for the acquisition of London-based coffee company Costa Limited. The deal, valued at $5.1 billion, is the largest brand acquisition in the company’s history and is expected to close in the first half of 2019.
Founder and CEO of Petal, Candice Crane, is on a mission to deliver an all organic zero calorie, zero sugar botanical beverage with an empowering message. Designed primarily for women ages 18-32, Petal offers unique flavors with rose water as the star ingredient. The company recently launched in the Chicago area with plans to grow nationally in the future.
Texas-based butter coffee maker Picnik has raised $7.5 million from private equity firm KarpReilly in a move that will grow both the brand’s CPG and cafe businesses, the company announced this week. KarpReilly will hold a seat on the company’s board of directors.
As the result of a larger strategic review of operations initiated in May, Campbell Soup today announced plans to sell off its Campbell Fresh division, which includes brands such as Bolthouse Farms, Garden Fresh Gourmet and its line of refrigerated soups.
Consumer water technology company Mitte has secured a $10.6 million seed round of investment led by Danone Manifesto Ventures (DMV), the venture capital arm of French food and beverage conglomerate Danone. DMV is focused on providing financial capital to innovative and healthy food and beverage companies.
Angie’s Boomchickapop co-founder Angie Bastian on how function, femininity & fun helped build a $250M brand. Tom First, the co-founder of Nantucket Nectars and an operating partner at private equity firm Castanea Partners, discusses business habits that have supported his career as an entrepreneur and investor.
Hydration powder mix brand Liquid I.V. today announced the close of a $5 million Series B round of fundraising led by San Francisco-based online investment platform CircleUp Growth Partners and includes powerhouse music manager Scooter Braun.
Can bone broth be the next kombucha? Investment group CAVU Venture Partners thinks so. The fund announced today an $8 million series A investment in upstart bone broth brand, Kettle and Fire
The Coca-Cola Company has purchased cult favorite soda brand Moxie from independent bottler Coca-Cola of Northern New England (CCNNE) for an undisclosed sum, the company announced today. The transaction is expected to close in the fourth quarter.
We taste three new flavors from Rise Brewing Company: Mocha Latte, Oat Milk Latte, and Classic Latte, each of which is packaged in a 7 oz. slim can with a widget that allows the products to be shelf-stable but still have an authentic nitro experience.
California bans new soda taxes for the next 12 years, while also moving to remove sugary drinks as the "default beverage" item at kids' menus at restaurants. Also, Red Bull wins a trademark lawsuit and Coca Cola Refreshments USA settles a bias complaint for $2.25 million.
Connecticut-based high pressure processing (HPP) provider Stay Fresh Foods has doubled its annual co-packing capacity to more than 50 million bottles with the expansion of its facility in Pennsauken, New Jersey.
BevNET Live is the leading U.S. beverage industry conference. Top brands, investors, retailers, and experts are there to meet face-to-face, try new products and, together, map the road ahead. The industry will meet next at BevNET Live Winter 2018 in Santa Monica, Calif. this December 3 and 4.
WTRMLN WTR is cutting into the sports drink space with the launch of its WTRMLNSLCE, an enhanced watermelon water that includes electrolytes and only 2g of natural sugar without artificial sweeteners.
