Beverages: Page 101
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Constellation Brands earnings top estimates as beer sales surge
While sales of Modelo and Corona were strong, wine and spirit sales declined 4%, mainly due to “promotional activity,” according to the company's CEO.
By Jeff Wells • June 29, 2017 -
Dean Foods expands outside of dairy with Uncle Matt's Organic purchase
The leading milk processor did not disclose how much it paid for the maker of probiotic-infused juices and fruit-infused water.
By Christopher Doering • June 26, 2017 -
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 -
Giant serves up Beer & Wine Eateries in more stores
More grocers are adding in-store bars to create a shopping experience that entices consumers to stay longer, buy more and return often.
By Sandy Skrovan • June 23, 2017 -
Dr Pepper replaces Bai founder with company insider
The replacement of Ben Weiss with Lain Hancock comes five months after the soda giant purchased the antioxidant-infused beverage company.
By Christopher Doering • June 23, 2017 -
Diageo buys George Clooney-owned tequila brand for up to $1B
The purchase of Casamigos follows the spirit maker's goal to expand into the fast-growing super-premium alcohol category popular with consumers.
By Christopher Doering • June 22, 2017 -
Cloudy with a chance of craft beer: Ballast Point brews with condensation
By using water extracted from humidity in the brewing process, the beverage maker is able to explore new flavors and experiment with a different mouthfeel.
By Sandy Skrovan • June 21, 2017 -
Millennial interest in strong liquor lifts spirit sales 2.6% in 2016
Analysts attribute the surge in liquor's popularity to new consumer bases, the return of liquor advertisements on TV and shifting tastes of younger drinkers.
By Emma Liem Beckett • June 19, 2017 -
Deep Dive
6 of the worst product failures in the food and beverage industry's history
Big corporations are not immune to product mistakes. Just think of Coca-Cola's infamous formula change for its classic soda and toothpaste maker Colgate's unsuccessful introduction of frozen lasagna.
By Christopher Doering • June 19, 2017 -
Deep Dive
Going green: How sustainability is revamping food packaging
Food and beverage manufacturers are swapping traditional plastics for materials that are plant-based, edible and able to detect food spoilage.
By Emma Liem Beckett • June 19, 2017 -
Retrieved from Coca-Cola on June 16, 2017
Bending the rules, Fanta twists its way to a new bottle design
Coca-Cola spent five years working on the new packaging after finding the previous version no longer stood out against competitors.
By Christopher Doering • June 16, 2017 -
Kellogg invests in instant smoothie maker Bright Greens
The manufacturer produces frozen plant-based cubes that, when mixed with hot water, create blender-free treats.
By Caroline Macdonald • June 16, 2017 -
Court ruling bars European plant-based products from using dairy names
Meanwhile, similar movements in the United States have been rejected or have little momentum.
By Caroline Macdonald • June 15, 2017 -
Deliv joins same-day delivery space for alcohol
The expansion into beer, wine and spirits comes a month after the company entered the grocery and meal kit business.
By Christopher Doering • June 14, 2017 -
Smirnoff mocks Trump's Russia scandals in new ad
The campaign features an image of the vodka brand's bottle with the text: "Made in America. But we'd be happy to talk about our ties to Russia under oath."
By Emma Liem Beckett • June 13, 2017 -
Study: Soda taxes likely to spread to other urban areas
Researchers found the measures are likely to pass in areas with more Democrats, where there is financial support for the initiative and leaders stress potential health benefits.
By Megan Poinski • June 12, 2017 -
Craft breweries balk after AB InBev takes stake in RateBeer website
The network publishes reviews and stories about the popular beverage, which some feel could be unfairly influenced following the investment by the beer giant.
By Christopher Doering • June 12, 2017 -
Do consumers care about the source of DHA in their organic milk?
Horizon's popular milk, which is high in omega-3 fatty acids, is enriched with non-organic algal oil.
By Caroline Macdonald • June 8, 2017 -
J.M. Smucker profit falls on lower coffee and pet food sales
The maker of syrups, peanut butter and its namesake jellies said it would cut $100 million more in costs, bringing its total to $450 million by its fiscal year 2020.
By Christopher Doering • June 8, 2017 -
Study: Vitamin fortification can cause off flavors in dairy milk
Researchers from North Carolina State and Cornell University found consumers were able to detect taste differences in enriched drinks.
By Emma Liem Beckett • June 8, 2017 -
Jack Daniel's parent Brown-Forman's posts drop in Q4 sales and profits
The spirits giant said earnings fell $378 million from a year ago, but the company is optimistic its investments will pay off in its fiscal year 2018.
By Emma Liem Beckett • June 7, 2017 -
US and Mexico strike sugar deal, averting a potential trade war
American producers of the sweetener have refused to endorse the agreement between the North American trading partners, increasing the chance the pact could collapse.
By Christopher Doering • June 7, 2017 -
Seattle becomes latest city to pass tax on soda and other sugary beverages
The measure, which follows similar action in Philadelphia, San Francisco and Oakland, is expected to generate $15 million per year for local nutrition programs.
By Emma Liem Beckett • June 6, 2017 -
As health concerns grow, juice sales to fall 7% between 2016 and 2021
Consumer concerns about the beverage's high sugar content and lack of fiber are contributing to the declines, according to Mintel.
By Emma Liem Beckett • June 5, 2017 -
Report: Philadelphia soda tax not bringing in as much money as expected
The figures put the city $20 million behind its goal of raising $46 million in fees during fiscal 2017 with two months to go.
By Keith Loria • June 2, 2017 -
Craft soda sales buck downward slide in carbonated beverage category
Craft soda sales, which reached $541 million in 2016, have attracted the attention of small bottlers as well as big giants like Coca-Cola and PepsiCo.
By Keith Loria • June 2, 2017
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