NACS: Pepsi Revs Up Energy, Revamps Cold Brew
Pepsi is sprucing up its diverse mega-brand portfolio with new products, packaging and positioning, all of which were on display at the NACS trade show this week.
Pepsi is sprucing up its diverse mega-brand portfolio with new products, packaging and positioning, all of which were on display at the NACS trade show this week.
Starbucks Coffee has named Laxman Narasimhan as its next CEO, replacing interim chief executive Howard Schultz effective April 1, 2023. Currently based in London, Narasimhan will relocate to Seattle for the role and will join the company full time as its “incoming CEO” on October 1 to work alongside Schultz.
De Soi, a mocktail brand co-founded by pop star Katy Perry, is partnering with metaverse social app company FlickPlay to give away beverages to consumers who collect NFTs while playing the tech company’s augmented reality game; Starbucks unveiled more about its plans to create a “digital third place” during its fiscal Q2 2022 earnings call this week.
Former Starbucks CEO Howard Schultz is returning to the company on an interim basis, following the resignation of chief executive Kevin Johnson, effective April 4. Schultz, will also rejoin the company’s board of directors as it searches for a permanent replacement, according to media reports this morning.
California Kills Cancer Warning Label for Coffee; Food Waste Brands a ‘Booming Business’; Cuvée Coffee Creates Fake Influencer; Walmart Prepares to Launch Home Grocery Delivery Service; JAB Wrestles with its Nazi Past
Growth in total dollar sales for non-alcoholic beverages and snacks was a modest 1.3% during the four-week period ending on May 18, according to an analysis of Nielsen data by Wells Fargo Securities.
All channel sales for snacks and non-alcoholic beverages grew 5.1 percent during the four-week period ending Mar. 23, according to an analysis of Nielsen data by Wells Fargo Securities.
As the strategics stake their ground(s) in coffee, independent cold brew remains a vibrant space that the leading companies have yet to fully explore. Industry analysts say independent brands are just getting started.
Starbucks CEO Kevin Johnson is scaling back founder and former CEO Howard Schultz’s plans for luxury coffee shops, according to The Wall Street Journal. Schultz’s growth strategy included 1,000 Starbucks Reserve cafes selling premium coffee and artisanal bakery items, as well as 30 more locations of its Starbucks Roastery, experience-oriented stores aimed at increasing traffic and improving declining sales.
PepsiCo Announces Incubator Program “The Hive”; Soda Taxes Upheld in Philadelphia, But Unlikely to Spread in Pennsylvania; Starbucks and McDonald’s to Collaborate on Sustainability
Shakeups at three major coffee players: Peet’s announces former Wrigley president as CEO; Dunkin’ Brands promotes Hoffman to chief executive position; Starbucks CFO announces retirement.
National Beverage CEO Sued for ‘Inappropriate Touching’; Just Versus Just: Water and Vegan Mayo Brands Clash Over Trademark Dispute; California Bans New Soda Taxes; Report: Starbucks Has Long Way to Go for Racial Equity
Starbucks Corporation executive chairman and former CEO Howard Schultz announced Monday he will leave the company on June 26, ending his 36 years with the brand he led from its origins as a local Seattle chain to a global coffee juggernaut.
Seattle Approves Head Tax to Corporations Chagrin; New Study Warns Parents Against Giving Kids Sports Drinks; Study: Drinking Coffee In Groups Makes You Feel Good; Illy Coffee Cans Recalled; PETA Joins Fight Against Dairy Pride Act; Trimino Super Troopers Ads Go Online