Press Clips: Soda Giants Tea Off; Resqwater Survives Coachella
Soda rivalries aside, the battle for control of the ready-to-drink tea category is beginning to brew over.
Review: Jade Monk Matcha Green Tea Drinks
Last year, Jade Monk unveiled a new line of ready-to-drink, matcha-based beverages, which the company showcased at BevNET Live's New Beverage Showdown 8. Available in four varieties, the drinks are cold brewed and high pressure processed. From our perspective, Jade Monk has done a commendable job, and with a few tweaks, has a winner on its hands.
Celsius Secures $15.95 Million Investment from High-Profile Group of Investors
The company announced the news in a press release Tuesday, with Celsius CEO Gerry David saying the strategic partnership “will broaden our reach across consumers and will further strengthen our position in both domestic and global markets.”
BevNET Live: Keeping an Eye on the Bubble with Sherbrooke Capital’s John Giannuzzi
Sherbrooke Capital founder and Managing General Partner John Giannuzzi has been keeping track of deal flow and investment opportunities in the food and beverage space for more than 20 years, and he will be speaking at BevNET Live in Manhattan on the potential for a bubble in the investing environment with regard to food and beverage companies.
Celsius Secures $15.95 Million Investment from High-Profile Group of Investors
The company announced the news in a press release Tuesday, with Celsius CEO Gerry David saying the strategic partnership “will broaden our reach across consumers and will further strengthen our position in both domestic and global markets.”
Review: Banjo Cold Brew Coffee
Banjo’s Cold Brew Coffee, which is made in Decatur, Ga., is a ready-to-drink, cold-brewed coffee that is made “specialty grade beans,” according to the company. The product definitely looks the part of the cold-brew coffee segment. As for what’s inside the bottle...
Evolution Fresh Targets Conventional Grocery with New 11 oz. Line
The Starbucks-owned company recently launched a new six-SKU line of 11 oz. bottles that was designed to bolster brand presence and sales in mainstream retailers and tap into the vast well of consumers that have grown up on pasteurized super-premium juice brands like Naked and Odwalla.
Wells Fargo C-Store Survey: 2015 to be “A Banner Year” for Beverages
Surveying retailers who represent over 15,000 convenience stores nationwide, the report found dollar sales of non-alcoholic beverages in C-stores were up 6.4 percent in the first quarter of 2015.
Review: Core Natural Water
While water brands often do a lot to describe the methods they use to make their water superior to others, it’s hard to really gauge the superiority of the liquid just by drinking the product. It's the packaging that sets brands apart. On that front, Core Natural has succeeded in creating something that stands out and has a fresh look to it.
Bai-Popping Number: DPS Investment Based on $500M Valuation
Bai CEO Ben Weiss today revealed that Dr Pepper Snapple Group’s (DPS) $15 million acquisition of a minority stake in his company was based on a half-billion dollar valuation. The deal gives DPS a 3 percent ownership position in Bai, which also recently secured a $25 million line of credit from global investment banking firm J.P. Morgan Chase.
MAB Capital Management Announces $50 Million Beverage Innovation Fund
LAB is seeking investments ranging from $3 million to $10 million in early stage beverage businesses, and will not be exclusive to the alcoholic segment.
Review: 3 Water
3 Water is a product that blends spring water with electrolytes and caffeine (50mg) and enhanced to achieve a pH balance of 7+ (slightly alkaline). The result is a beverage that the manufacturer hopes will be viewed as the “perfect water.”
Dr Pepper Snapple Acquires Minority Stake in Bai Brands
Eighteen months after signing a national distribution deal with Dr Pepper Snapple Group (DPS), Bai Brands, which has grown at a torrid pace in the timeframe, has sold an equity stake to the beverage titan.
Kind Warning: “Healthy” is a Regulated Term
The food and beverage industry was recently reminded that specific criteria needs to be met when using the word “healthy” on product labels. That reminder came in the form of an FDA warning letter sent to Kind LLC, the maker of Kind snack bars.