Spindrift Closes $10M Funding Round Led by VMG
In an interview with BevNET, Spindrift CEO Bill Creelman explained that the company’s rapid growth made securing more working capital a primary objective for this funding round.
People Moves: New CEO at True Drinks; Gerry David Post-Celsius
James J. Greco takes over as CEO at True Drinks, Gerry David takes first post-Celsius post at the Rocky Mountain High Brands board of directors, Art Carey joins Treo, Karen Wiernik takes on new role within CytoSport.
Review: Immordl Nitro Super Coffee
Seeing “nitro” and “coffee” in on the front of the bottle, we were expecting something that was pretty typical of that particular category. But that’s far from the case.
L.A. Libations Partners with Trimino
Beverage brand incubator L.A. Libations has partnered with Trimino, the Connecticut-based makers of a line of protein-infused flavored waters which has rapidly expanded out of its Northeast origins and into grocery and box store chains across the country.
Nielsen: CSDs Rebound, Energy Drinks Keeps Up Pace in April
Sales of carbonated soft drinks and energy drinks were up in April, according to a Wells Fargo Securities report detailing the latest Nielsen xAOC (expanded all outlets combined) and C-store non-alcoholic beverage sales data for the four-week period ending on April 22
Issues in Kombucha Pt. 1: Science v. Nature
In the first of an ongoing series examining issues related to the kombucha industry, we examine how the clash between hard science and unverified evidence regarding the fermentation process and health benefits of kombucha is shaping the category both consumers and producers.
Peet’s Coffee Seeks Cold Brew Dominance with ‘Coldcraft’ Unit
The company announced today the creation of Coldcraft, a new business unit dedicated to cold brew coffee innovation and distribution. Coldcraft will focus on building the RTD and draft keg business for Peet’s and third-wave coffee producer Stumptown, which the company acquired in 2015.
JÙS By Julie Warned By FDA Over Health Claims
The letter cited claims from the JÙS By Julie website stating that several of its cold-pressed juices and soups included ingredients that could “fight diabetes,” “lower bad cholesterol,” “control blood pressure” and “offsetting common life disrupting ailments such as depression and ADHD,” among other benefits.
Growth Brewing at EvyTea
The Boston-based Cold Brew Tea company is currently seeking to raise $1 million in a series A funding round. Its ready-to-drink line is now available in more than 500 retail stores in the Northeast, including 33 Whole Foods Markets.
Press Clips: Albertsons Explores Whole Foods Bid; Demi Lovato Tea Backlash
The Financial Times reports on Albertsons interest in acquiring Whole Foods, while Demi Lovato's Instagram endorsement of "detox" tea blend Teami sparks a backlash from some fans.
BevNET Podcast Ep. 55: Juicero Jeopardy, Sour Soylent, and Avoiding the Bottle Blues
In this episode of the podcast, we discuss some of the big stories in the food and beverage business, including tough press for Juicero, operational issues for brands like Soylent and Reed’s, and the ways the largest, publicly-traded food and beverage companies are attempting to refresh their lineups through transactions -- and through change at the top.
Review: Stumptown Sparkling Cold Brews Mix Up Some Incredible Flavor
Born from experimentation at their cafes, Stumptown’s latest effort is, at least in our opinion, its most innovative and audacious offering to date. On the surface, the concept of blending carbonation with cold brew might not sound that exciting, but what it has created is much more interesting.
Dr Pepper Snapple Group: Bai Marks ‘An Important Shift’ for Portfolio
Bai, which DPSG acquired for $1.7 billion in November, saw 80 percent volume growth over the quarter. While the company is optimistic for Bai’s flagship brand to grow, current predictions point to Bai Bubbles, Supertea, and Black having the greatest potential, particularly as the sparkling water category sees double-digit growth, according to DPSG CEO Larry Young.
Green Park Brands Partners With Ugly Drinks For 2018 U.S. Launch
Green Park CEO Livio Bisterzo described the venture as a true partnership, noting that Ugly will operate as separate, stand-alone vertical with co-CEOs and co-founders Joe Benn and Hugh Thomas at the helm.