Beverages: Page 31
-
Courtesy of Laird Superfood
Laird Superfood to close Oregon plant as it shifts to co-packing
The closure of the facility, used to make powdered creamers and hydration products, will result in the loss of 46 jobs this year, the company said.
By Christopher Doering • Oct. 14, 2022 -
Christopher Doering/Food Dive
Bang Energy names ex-PepsiCo exec as its COO
Just a day after filing for bankruptcy, the beverage brand named CPG veteran Kathy Cole to oversee operations.
By Christopher Doering • Oct. 13, 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 The Every Company
Pulp Culture and The Every Company partner to create protein-boosted alcohol
The better-for-you hard juice company is adding highly soluble and nutrient-dense animal-free egg protein to its new line of beverages.
By Megan Poinski • Oct. 12, 2022 -
Thai Phi Le/Food Dive
Bang Energy’s parent company files for bankruptcy
After court battles with PepsiCo and Monster, Vital Pharmaceuticals owes more than $400 million to the two beverage companies. It said its partnership with the soda giant caused its market share to decline.
By Christopher Doering • Oct. 11, 2022 -
Thai Phi Le/Food Dive
New flavors, textures and lots of spice: 7 manufacturers showcase innovations for ‘flavor seekers’
Coca-Cola’s limited-edition Sprite Strawberry Lymonade — inspired by its Freestyle mixes — and Milky Way Cookie Dough were among several products turning heads at the NACS Show.
By Thai Phi Le • Oct. 10, 2022 -
Permission granted by Brown-Forman
Brown‑Forman to acquire Diplomático premium rum
The purchase gives the Jack Daniel’s maker its own presence in the category — which is new for the beverage company — with a quickly growing international brand.
By Christopher Doering • Oct. 7, 2022 -
Courtesy of Tsumo Snacks
ColumnLeftovers: Snoop Dogg’s THC snacks sizzle; Starkist hooks into Smart Bowls
The rap icon and entrepreneur is debuting onion ring-style edibles, and Brooklyn Beer taps West African “miracle grain” fonio for a craft beer.
By Food Dive staff • Oct. 7, 2022 -
Permission granted by Canopy Growth
Constellation Brands takes $1.1B writedown in its cannabis investment
CEO Bill Newlands said his company, which invested $4 billion in Canopy Growth, viewed the impairment as “disappointing” but remained optimistic about the future of legalized marijuana in the U.S.
By Chris Casey • Oct. 7, 2022 -
Courtesy of Boston Beer
Boston Beer’s Truly launches its first spirit-based seltzer
The RTD vodka beverage could help the brand offset a slowdown, but it’s competing with drink makers including Heineken, AB InBev and Coca-Cola.
By Christopher Doering • Oct. 6, 2022 -
Jeff Wells/Food Dive
Consumer groups sue for nutritional labeling on alcoholic beverages
The organizations want the Treasury Department to require product labels with alcohol content, ingredient lists and serving size information — changes they first petitioned for in 2003.
By Megan Poinski • Oct. 5, 2022 -
Drew Angerer via Getty Images
Nestlé commits more than $1B to coffee sustainability amid climate change concerns
A fifth of Nescafé’s coffee will be sourced from regenerative agricultural methods by 2025, and half by 2030, as part of the company’s broader goal.
By Christopher Doering • Oct. 4, 2022 -
Courtesy of Liquid Death
Liquid Death raises $70M
The brand selling still and sparkling water in aluminum cans is now valued at $700 million. It has expanded its retail presence 275% during the last year.
By Chris Casey • Oct. 4, 2022 -
Courtesy of Hershey
ColumnLeftovers: Reese’s stuffs with Puffs cereal; Jelly Belly quenches thirst with chocolate drink
The popular Hershey sweet introduces what “might be the most meta mashup ever,” and Nick’s Swedish Ice Cream turns Minecraft into a square meal.
By Food Dive Staff • Sept. 30, 2022 -
Courtesy of Coca-Cola, Molson Coors
Coca-Cola, Molson Coors expand partnership with RTD cocktail launch
Topo Chico Spirited, the third drink to be introduced since the companies started working together in 2020, will debut in more than 20 markets across the U.S. in 2023.
By Christopher Doering • Sept. 29, 2022 -
Courtesy of PepsiCo
ColumnLeftovers: Pepsi pours a s’mores soda; Kellogg goes nutty with Little Debbie cereal
The beverage giant is tapping the campfire staple for the latest variety of its flagship cola, and Old Bay gets sweet with a new caramel-flavored seasoning.
By Food Dive staff • Sept. 23, 2022 -
Courtesy of E. & J. Gallo
Sales of spirits-based RTD drinks top $1.6B in 2021, study finds
In addition to convenience, an industry trade group found the top reasons consumers turn to these pre-mixed beverages are flavor, taste and the use of real spirits.
By Christopher Doering • Sept. 23, 2022 -
Courtesy of Kerry
Kerry launches emulsifier made from acacia
The company is touting Puremul, which would replace sunflower lecithin and mono- and diglycerides, as a more plentiful clean label alternative.
By Chris Casey • Sept. 22, 2022 -
Courtesy of Eat the Change
As Honest tea production ends, co-founder fills void with new beverage in fewer than 4 months
Seth Goldman is bullish there’s demand for beverages like his new Just Ice Tea, saying Coca-Cola didn’t manage his previous product well.
By Christopher Doering • Sept. 20, 2022 -
Christopher Doering/Food Dive
Why Nestlé is confident its portfolio overhaul has primed it for success
North America CEO Steve Presley said the CPG is in a stronger position despite an unpredictable environment after turning over 40% of its U.S. business to focus on faster-growing, trendier offerings.
By Christopher Doering • Sept. 19, 2022 -
Courtesy of Coca-Cola
Alcohol is in ‘the experimentation bucket’ for Coca-Cola, CEO says
James Quincey told analysts the beverage giant wants to see whether early innovations gain traction before deciding whether to invest larger sums of money and make booze a bigger part of its future.
By Christopher Doering • Sept. 16, 2022 -
Scott Olson via Getty Images
Beam Suntory to invest $400M in sustainable expansion of Jim Beam distillery
The project will increase the Kentucky facility’s capacity by 50% while cutting its greenhouse gas emissions in half.
By Christopher Doering • Sept. 16, 2022 -
Soda increases cancer death risk 5%, study finds
Researchers at the American Cancer Society correlated higher body mass indices of regular sugary drink consumers with variations of the disease related to obesity.
By Megan Poinski • Sept. 16, 2022 -
Sean Gallup via Getty Images
PepsiCo, ADM partner to cut carbon through regenerative agriculture
Once implemented, the companies said projects could reach 2 million acres of farmland by 2030 and eliminate 1.4 million metric tons of greenhouse gases.
By Christopher Doering • Sept. 15, 2022 -
Courtesy of SodaStream Canada
PepsiCo rebrands SodaStream to better recognize interests like mixology
A top-to-bottom revamp for the sparkling water subsidiary, including two new high-end beverage making machines, highlights the brand’s push toward premiumization.
By Peter Adams • Sept. 13, 2022 -
Courtesy of Nestle
Nestlé entering animal-free dairy with milk-like products
The food and beverage giant is debuting chocolate and plain offerings made with protein from Perfect Day in the U.S. later this year as part of a test-and-learn.
By Christopher Doering • Sept. 12, 2022
Previous
