PepsiCo to Remove Aspartame from Diet Pepsi Products
The company announced the news today, revealing that the aspartame-free versions of Diet Pepsi, Caffeine Free Diet Pepsi, and Wild Cherry Diet Pepsi are slated to hit shelves in August.
Red Bull Editions Shine in IRI New Product Pacesetter Report
Red Bull Editions were a big winner in the convenience store channel, where the products racked up $238.9 million in year-one dollar sales.
AriZona Iced Tea Co-Founders Settle Longstanding Dispute
Domenick Vultaggio and John Ferolito have reached a settlement in what has been an eight-year long dispute over the value of the company they founded together in 1992.
Review: Hiball Energy Rich & Creamy Coffee
Hiball Energy made its first foray into the coffee category with the launch of its new three-SKU “Rich & Creamy” line. Formulated with organic and Fair Trade coffee beans that are cold brewed and blended with nonfat milk, cream, organic and Fair Trade cane sugar, the drinks are also infused with organic guarana, ginseng and B vitamins.
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.