The Coca-Cola Company’s fruitful partnership with one of New York’s powerhouse beverage distributors appears to be ending, as the soda giant confirmed it is pulling Honest Tea, Zico coconut water and Hubert’s Lemonade products from Big Geyser’s DSD network.
During a conference call with investors today, The Coca-Cola Company reported net revenues of $9.08 billion for Q3, surpassing analysts’ projections of $8.72 billion. The company also noted that organic growth was up by 4 percent.
Though convenience store traffic has dipped in 2017, you couldn’t tell from looking around the packed floor at this year’s National Association of Convenience Stores (NACS) show last week in Chicago. Exhibitors from across the spectrum of food and beverage took over two halls of the McCormick Place for three days, showcasing a range of new products and innovations that will be rolling out to c-store coolers over the next year.
Reuters has reported that PepsiCo is in talks to acquire All Market Inc, the maker of leading coconut water brand Vita Coco. PepsiCo is offering less than the $1 billion that All Market has sought for the acquisition, according to Reuters, which cited sources familiar with the potential deal.
A longtime veteran of the food and beverage industry, Sarah Bird takes the reins from Bhakti founder Brook Eddy, who now serves as chairwoman of the company’s board of directors. Eddy remains “involved in the vision, innovation and culture” of Bhakti, according to the company.
In addition to partnering with Jessica Alba, ZICO, Official Coconut Water of the Olympic Games will further spread the #InsideisEverything message with two world-class athletes at the Rio 2016 Olympic Games.
Boudia, a gold medal winner in men’s diving at the London 2012 Olympic Games, and Krieger, a long-standing member of the world champion U.S. Women's National Soccer team, will serve as ZICO brand ambassadors at the Rio 2016 Olympic Games.
Starting this month, ZICO will be available in a larger, 16.9 fl. oz. clear, re-sealable PET bottle across its flavored coconut water products, including ZICO Pineapple, Watermelon Raspberry and Chocolate flavored coconut waters, as well as ZICO Natural.
Watermelon Raspberry Flavored ZICO will be available at retailers nationwide as of mid-April and comes in convenient 14 fl. oz., re-sealable bottles. Suggested retail price is $2.49, but pricing is up to the discretion of the individual retailer.
The nationally-representative survey found that 67 percent of Americans say they’re least productive during fall/winter and time is a commodity they’re willing to pay for – more than half of Americans (58 percent) said they’d fork over a whopping $2,725 on average for an extra hour in the day.