Beverages: Page 41
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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 -
Explore the Trendline➔
Spencer Platt via Getty Images
TrendlineInside the functional beverage frenzy
Major companies like PepsiCo and Monster are adding ingredients to boost emotional or physical wellness as consumers demand more out of their drinks.
By Food Dive staff -
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 -
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 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 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 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 -
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 -
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
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