Beverages: Page 32
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Courtesy of Keurig Dr Pepper
Keurig’s new brewer aims to replicate coffeehouse experience at home
The K-Café Smart machine is Keurig Dr Pepper’s biggest step yet to stoke future demand for the popular coffee platform responsible for more than a third of the company’s annual sales.
By Christopher Doering • Sept. 8, 2022 -
Retrieved from Eat the Change.
Seth Goldman’s Eat the Change announces flavors for new tea brand
Varieties of Just Ice Tea, which are expected to hit shelves later this year, include a few of the most popular extensions under the Honest tea line being discontinued by Coca-Cola.
By Christopher Doering • Sept. 7, 2022 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Courtesy of Kidfresh
ColumnLeftovers: Kidfresh makes wine to take the edge off mealtime whining; Old El Paso pockets tortilla mishaps
The frozen meal company partnered with Ancestry Cellars to give a more adult dimension to those bites kids didn’t eat, and Evil Genius Beer Company worked with Auntie Anne’s to make a buttery Oktoberfest brew.
By Food Dive staff • Sept. 2, 2022 -
Courtesy of PepsiCo
Gatorade debuts its first-ever caffeinated energy drink Fast Twitch
The beverage, which has no sugar or carbonation, contains 200 milligrams of caffeine and B vitamins. It will hit store shelves in February.
By Christopher Doering • Sept. 1, 2022 -
Courtesy of Neutral Foods
Neutral Foods gets $12M for zero-carbon dairy expansion
The sustainable milk brand backed by Bill Gates, Mark Cuban and LeBron James plans to double the number of stores in which it is sold by the end of the year.
By Megan Poinski • Aug. 31, 2022 -
Beer industry’s efforts to embrace regenerative agriculture face ‘significant hurdles’
While most agree action needs to be taken to curb emissions, Rabobank said progress is being slowed by a lack of consensus, limited financial incentives and difficulty measuring progress.
By Christopher Doering • Aug. 31, 2022 -
Justin Sullivan via Getty Images
Carbon dioxide shortage threatens beer and food manufacturing
High demand for beverages and contamination at a natural source have tightened supplies of the gas, which may continue in coming months.
By Megan Poinski • Aug. 29, 2022 -
Permission granted by Hain Celestial
Hain Celestial CEO: Demand for health and wellness products strong despite recent ‘softening’
Mark Schiller said his company tends to be “the opening price point” for natural and organic, giving consumers brands to turn to even if they decide to trade down.
By Christopher Doering • Aug. 29, 2022 -
Elena Perova via Getty Images
Smaller brands’ path to consumer loyalty lies through differentiation
Still, despite the need to compete against big brands, NielsenIQ found the pace of innovation is slowing among small and midsize offerings in the U.S.
By Samantha Oller • Aug. 25, 2022 -
Courtesy of Celsius
Q&AWhat PepsiCo’s $550M Celsius deal means for the energy drink brand
Celsius CEO John Fieldly detailed how the investment and distribution agreement could impact the energy drink’s growth potential.
By Chris Kelly • Aug. 25, 2022 -
Courtesy of Casa Azul
BodyArmor co-founder launches premium canned cocktail Casa Azul
Amid soaring demand for on-the-go offerings, the tequila soda from Lance Collins aims to set itself apart from other RTD products by using real spirits instead of malt liquor.
By Christopher Doering • Aug. 23, 2022 -
Christopher Doering/Food Dive
Coca-Cola names new North America division president
Company veteran Jennifer Mann will take over the post in January from Alfredo Rivera. Currently, she is responsible for scaling acquisitions and brands, including Costa Coffee and Coke’s investment in Monster.
By Christopher Doering • Aug. 23, 2022 -
Permission granted by SunOpta
How SunOpta achieved record sales and growth amid inflation
There are two keys to the success of the plant-based beverage and organic fruit company, CEO Joe Ennen said: execution and a carefully curated portfolio.
By Megan Poinski • Aug. 23, 2022 -
Christopher Doering/Food Dive
Keurig Dr Pepper denies reported talks to buy Bang Energy drink owner
In a statement, the beverage giant said it was “currently not pursuing an acquisition,” but added that M&A and brand/distribution partnerships will remain a key part of its growth strategy.
By Christopher Doering • Updated Aug. 19, 2022 -
vgajic via Getty Images
Consumers mix up tactics to meet food needs amid inflation
From buying store-brand baking goods to splurging on beer, shoppers aim to satisfy both quantity and quality requirements, according to IRI.
By Samantha Oller • Aug. 17, 2022 -
Courtesy of Laird Superfood
Plant-based food maker Laird Superfood gets $3 per share takeover offer
The company said it will review the proposal from EF Hutton SPV I LLC and determine the course of action “that it believes is in the best interests” of its business and shareholders.
By Christopher Doering • Aug. 17, 2022 -
LordRunar via Getty Images
Ball shutters beverage can plants as alcohol demand declines
The facilities in Arizona and Minnesota, which have a combined net capacity of nearly 4 billion units, are both set to cease production by spring 2023.
By Megan Ruggles • Aug. 17, 2022 -
Permission granted by Eat the Change
Seth Goldman’s Eat the Change raises $14.5M to help launch Just Ice Tea
The funding will be used to set up and scale production, with a national brand rollout in some major retailers slated for October.
By Christopher Doering • Aug. 15, 2022 -
Retrieved from TreeHouse Foods.
TreeHouse to sell large part of meal prep business for $950M
The sale to Investindustrial, which comes amid strong demand for store-branded offerings, will simplify the private label maker’s business and allow it to focus on higher-growth and -margin foods.
By Christopher Doering • Aug. 11, 2022 -
Courtesy of Coca-Cola
Coke to launch Dreamworld cola in latest push to attract younger consumers
The drink, part of the company’s Creations platform, was introduced to highlight the CPG giant’s signature beverage while allowing consumers to explore “what a dream tastes like.”
By Christopher Doering • Aug. 11, 2022 -
Permission granted by Danone
The secret behind Danone’s ‘very recession resilient’ portfolio
North American CEO Shane Grant said the company will benefit as consumers prioritize essential foods like its creamers, yogurts and plant-based milks.
By Christopher Doering • Aug. 10, 2022 -
Courtesy of Haus
Aperitif maker Haus to shutter as Constellation reportedly backs out on funding round
In a tweet, the upstart’s CEO said the three-year-old company is in the process of closing, and without an investor, doesn’t have the cash to support its operations.
By Christopher Doering • Aug. 10, 2022 -
Courtesy of Tazo
Tazo commits to regenerative agriculture with tea relaunch
The company aims to be carbon-neutral by 2026 through practices like using cover crops and increasing soil biodiversity to grow its ingredients.
By Chris Casey • Aug. 9, 2022 -
Retrieved from Archer Roose.
Constellation Brands buys minority stake in canned wine Archer Roose
The investment comes four months after the alcohol giant bought the remaining stake it didn’t already own in Austin Cocktails.
By Christopher Doering • Aug. 9, 2022 -
Justin Sullivan via Getty Images
The pandemic upended alcohol consumption. Here’s where it stands.
New research from IRI suggests at-home drinking has retained its appeal and points to areas of opportunity beverage producers and retailers can tap into to keep the buzz going.
By Catherine Douglas Moran , Sara Karlovitch • Aug. 9, 2022
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