Beverages
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Courtesy of Brightseed
AI upstart Brightseed raises $27M as demand for healthy offerings surges
CEO Jim Flatt said his business has more interest for its services than it can handle as consumers look to eat healthier and businesses search for ways to meet those needs.
By Christopher Doering • Sept. 17, 2020 -
Permission granted by Canopy Growth
Deep DiveCanopy Growth's beverage head is 'bullish' on the future of the cannabis category
After a delayed launch and an ongoing turnaround effort for its earnings, the Constellation-backed company is No. 1 in dollar share in drinks in Canada and plans to launch into the U.S. in the near future.
By Lillianna Byington • Sept. 17, 2020 -
Trendline
How COVID-19 is impacting consumer shopping behavior
While there is little consensus as to whether current habits will become a permanent fixture and, if they do, there is agreement that the ongoing pandemic is changing the way consumers buy and purchase food and beverages.
By Food Dive staff -
Courtesy of Yuengling
Molson Coors forms joint venture with Yuengling to brew and sell its beers
The partnership will bring offerings from America’s oldest brewery to millions more drinkers in 25 states, mostly outside of the East Coast where it's currently distributed.
By Christopher Doering • Sept. 16, 2020 -
Permission granted by PepsiCo
PepsiCo launches sleep-aid drink Driftwell
The enhanced water, which will be sold first online starting in December, is designed to help stressed consumers relax and unwind before bed.
By Jessi Devenyns • Sept. 15, 2020 -
Sam Adams joins crowded nonalcoholic beer space with planned 2021 launch
Boston Beer spent two years researching and brewing to create Just the Haze IPA, which the brewer says will taste like the real thing.
By Christopher Doering • Sept. 11, 2020 -
Courtesy of Molson Coors
Molson Coors launches nonalcoholic drinks in bid to expand beyond beer
The new products, which include a seltzer with added probiotics, is part of the company's goal to reach more consumers seeking better-for-you beverages.
By Christopher Doering • Sept. 10, 2020 -
Permission granted by Partake Brewing
Partake Brewing taps $4M in funding to expand fast-growing nonalcoholic beer
The company, whose brews are sold in Total Wine & More and some Whole Foods outlets, is open to an investment or acquisition from a big beer company to expand its reach.
By Christopher Doering • Sept. 09, 2020 -
Nestlé invests $30M in Closed Loop fund to expand sustainable packaging use
The deal provides the Switzerland company with access to food-grade recycled plastics it can use for packaging in products such as Coffee Mate and Stouffer's.
By Jessi Devenyns • Sept. 09, 2020 -
Oatly faces boycott backlash for its investment from Blackstone
Complaints about the firm's CEO's donations to Trump and ties to companies linked to deforestation are starting to surface after the equity group was the lead investor buying a $200 million stake in the oat milk giant.
By Jessi Devenyns • Sept. 08, 2020 -
Courtesy of Beam Suntory
Beam Suntory buys cocktail company, hoping to lead RTD spirits
The spirits company has plans to expand the range of choices of premixed drinks consumers can enjoy.
By Jessi Devenyns • Sept. 08, 2020 -
Christopher Doering
AB InBev looking for CEO to replace Carlos Brito, Financial Times reports
The world's largest beer company is considering external candidates as well as Michel Doukeris, who heads its Anheuser-Busch operations.
By Christopher Doering • Sept. 08, 2020 -
Permission granted by Hershey
ColumnLeftovers: Reese's serves cake for breakfast; Jones Soda tries to get out the vote
Hershey is giving consumers permission to eat its soft-baked chocolate snack cake in the morning, and Runamok Maple is making its syrup sparkle.
By Food Dive staff • Sept. 04, 2020 -
Consumer trends shifting toward health and wellness, ADM finds
The pandemic has made more people interested in foods that benefit their immunity, metabolism and mental state, as well as solidified the plant-based sector, according to research from the ingredients giant.
By Megan Poinski • Sept. 03, 2020 -
Permission granted by Indoggo
Snoop Dogg joins crowded celebrity gin space with Indoggo release
The alcohol sector has been popular with big-name investors such as Ryan Reynolds, Jay-Z, Post Malone and George Clooney.
By Christopher Doering • Sept. 02, 2020 -
Courtesy of Laird Superfood
Plant-based food maker Laird Superfood files for $40M IPO
The company, which counts Danone Manifesto Ventures as its largest shareholder, posted $11.1 million in sales during the first six months of 2020.
By Christopher Doering • Sept. 01, 2020 -
Deep Dive
Big CPGs struggle to gain market share during COVID-19 despite sales boost
IRI data shows while large manufacturers grabbed shelf space at the height of the pandemic, upstarts are taking advantage of out-of-stocks and demand for variety to win it back.
By Christopher Doering • Aug. 31, 2020 -
Christopher Doering
Coca-Cola to offer buyouts to 4,000 employees, with layoffs to follow
The beverage giant is streamlining its operations to avoid duplication, help with innovation and get products to market more quickly.
By Christopher Doering • Aug. 28, 2020 -
Permission granted by Good Karma Foods
Good Karma buys its majority stake back from bankrupt Dean Foods
The plant-based milk brand also raised new capital in a funding round from Valor Siren Ventures and existing investor 2x Consumer Products Growth Partners.
By Lillianna Byington • Aug. 25, 2020 -
Adobe Images
Sponsored by AFSGame on: fueling the emerging market for esports
Welcome to the age of premium, high-performance energy drinks fueling the gaming industry.
By Brian Zapp - AFS • Aug. 25, 2020 -
Craft spirits revenue plunges $700M as pandemic curtails on-premise operations
With 40% of the country's craft distilleries generating half of their sales from tasting rooms that were or remain closed, many are looking for other sources of income to stay afloat.
By Jessi Devenyns • Aug. 24, 2020 -
Christopher Doering/Food Dive
Coca-Cola names company veteran to head its North American business
Alfredo Rivera, president of its Latin American group and a 23-year veteran of the beverage giant, replaces Jim Dinkins, who is retiring.
By Christopher Doering • Aug. 24, 2020 -
Drizly raises $50M as e-commerce alcohol delivery surges
The company says it has grown more than 350% this year, while achieving sustained profitability during the pandemic.
By Christopher Doering • Aug. 21, 2020 -
Permission granted by The a2 Milk Company
A2 Milk's revenue jumps 91% in US
The New Zealand company attributed the increase in consumer demand to expanded distribution, new packaging and a national TV advertising campaign.
By Lillianna Byington • Aug. 21, 2020 -
PepsiCo taps head of World Trade Organization for C-suite role
Roberto Azevedo will hold the newly created chief corporate affairs officer position, which brings the snack and beverage giant's public policy, government affairs and communications under one umbrella.
By Christopher Doering • Aug. 20, 2020 -
Retrieved from Hint on August 19, 2020
Flavored-water maker Hint raises $25M in its latest funding round
The company looks to capitalize on the momentum it has established during the pandemic and use the funds to grow sales and distribution.
By Jessi Devenyns • Aug. 19, 2020
