Beverages: Page 42
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Courtesy of NotCo
Plant-based NotCo gets $235M for expansion
The funds bring the valuation of the Chilean company, which uses artificial intelligence to create realistic plant-based substitutes, to $1.5 billion.
By Megan Poinski • July 26, 2021 -
Adeline Kon and Christopher Doering/Food Dive
Deep DiveInside Hain Celestial's fight to regain its swagger
Once a disjointed collection of brands and close to having its stock delisted, the organic and natural products leader has cut money-losing products, prioritized innovation and improved its credibility with retailers.
By Christopher Doering • July 26, 2021 -
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 Good Crisp Company
ColumnLeftovers: Feel-good cheese balls offer a functional snack; Dogfish Head gets into plant-based ice cream
The Good Crisp Company taps a clinically proven immune booster for its new offering, and Shrubbly adds some lift to vinegar-based beverages.
By Food Dive staff • July 23, 2021 -
Courtesy of Truly Hard Seltzer
Boston Beer overestimated demand for hard seltzer as once-hot category shows signs of slowing
CEO Dave Burwick told analysts there are too many brands that are the same and not enough shelf space, leading to the prediction that some will be discontinued.
By Christopher Doering • July 23, 2021 -
Courtesy of Dole
Dole expands into functional beverages and fruit bowls
The company is offering immunity-boosting ingredients like turmeric and green tea extract in the new lines as consumer interest in health and wellness grows.
By Lauren Manning • July 22, 2021 -
Courtesy of Kraft Heinz
ColumnLeftovers: Kraft Macaroni & Cheese enters the ice cream aisle; Coors Light crafts a game-winning brew
The food company partners with Van Leeuwen to mix together two iconic comfort foods, and Johnsonville turns sausage into bacon-like strips.
By Food Dive Staff • July 16, 2021 -
Scott Olson via Getty Images
Boston Beer and Beam Suntory launch Sauza Agave Cocktails
The beverages, created through a partnership to bring several of their products into the fastest-growing beverage alcohol segments, is the tequila brand's first RTD offering.
By Christopher Doering • Updated March 16, 2022 -
Courtesy of Oatly
Oatly accused by short seller of overstating revenue and sustainability efforts
Spruce Point Capital's 124-page report says it believes the Swedish company will never be profitable and that its stock could be 70% overvalued.
By Christopher Doering , Megan Poinski • July 14, 2021 -
Barry Brecheisen via Getty Images
PepsiCo says it's grabbing market share from Coca-Cola, smaller players
CFO Hugh Johnston told CNBC the beverage giant is seeing strong demand for classic brands like Pepsi and Tropicana and new offerings like Mtn Dew Rise Energy.
By Christopher Doering • July 13, 2021 -
Courtesy of Coca-Cola
Coca-Cola changes taste of Zero Sugar to be more like Coke
The flavor, which was achieved by tweaking the ingredient mix, also includes a new package design. The product will start hitting U.S. shelves this month.
By Christopher Doering • July 13, 2021 -
Courtesy of Cutwater Spirits
Deep DiveAs canned cocktails boom, brands eyeing longevity face new marketing challenges
The explosive category is nearing an inflection point that will force companies to focus on deepening brand identity and targeting millennial drinkers.
By Asa Hiken • July 12, 2021 -
Shutterstock/Pinkasevich
Sponsored by Flavor ProducersCrafting flavors naturally for health and wellness
Improving the health and wellness options for food and beverage products or dietary supplements is a growing consumer interest following COVID-19.
July 12, 2021 -
Courtesy of BlueTriton Brands
Water bottler BlueTriton names former J&J, Procter & Gamble exec as CEO
Jorge Mesquita will oversee brands such as Poland Spring and Deer Park, which were purchased earlier this year from Nestlé for $4.3 billion.
By Lauren Manning • July 9, 2021 -
Retrieved from Molson Coors.
Molson Coors ending production of Coors Seltzer, Brewbound reports
The discontinuation of the product allows the beverage giant to focus its efforts in the category on more promising brands such Topo Chico Hard Seltzer and Vizzy.
By Christopher Doering • July 9, 2021 -
Jack Taylor via Getty Images
Better Juice raises $8M to cut sugar in orange juice
The company's technology reduces the amount of the sweetener by up to 80% by converting fructose, glucose and sucrose into prebiotic dietary fibers and other non-digestible molecules.
By Lauren Manning • July 8, 2021 -
Courtesy of PeaTos
ColumnLeftovers: PeaTos takes a swing at Doritos; Tilray crafts a beer, cannabis brand combo
The snack maker offers a better-for-you alternative to Frito-Lay's popular tortilla chip, and Boston Beer's Truly Hard Seltzer gets into gummies.
By Food Dive staff • July 2, 2021 -
Permission granted by Harmless Harvest
Danone buys majority stake in coconut products maker Harmless Harvest
The CPG giant, which first invested in the water, yogurt and smoothie manufacturer in 2017, didn't disclose how much it owns or the amount of money it spent to acquire a controlling share.
By Christopher Doering • June 30, 2021 -
Courtesy of AB InBev
AB InBev names company veteran to head its Anheuser-Busch division
Brendan Whitworth succeeds Michel Doukeris, who is transitioning to the role of global CEO of the beer giant starting July 1.
By Christopher Doering • June 29, 2021 -
Courtesy of Labatt USA
Labatt USA debuts recycled, photodegradable plastic beer carrier rings
The packaging comes as a European consortium of CPG companies announced last week the world's first enzymatically recycled plastic bottles.
By Samantha Oller • June 28, 2021 -
Christopher Doering/Food Dive
Zevia makes market debut at $14 share price
The maker of stevia-sweetened soda, tea and energy drinks has seen net sales increase 32% annually during the last decade with further growth expected as consumers curtail their sugar intake.
By Megan Poinski • Updated July 22, 2021 -
Courtesy of PepsiCo
PepsiCo moves deeper into nonalcoholic cocktail mixers with Unmuddled
The snack and beverage giant said the offering is targeted at consumers who seek experimentation, flavor variety and a bar quality experience at home.
By Christopher Doering • June 23, 2021 -
Barry Brecheisen via Getty Images
PepsiCo pursues trademark for Rockstar-branded beer and hard seltzer, Bloomberg reports
The application was filed under a provision that said the soda and snack giant plans to use the trademark for alcoholic beverages, but has yet to do so.
By Christopher Doering • June 21, 2021 -
Courtesy of Hostess Brands
ColumnLeftovers: Hostess launches Crispy Minis; Twisted Tea gets a little saucy
The small wafers layer creme between cookies in a resealable pouch, and Soonish debuts a better-for-you beer that includes banana, millet, sorghum and honey.
By Food Dive staff • June 18, 2021 -
Gallo is investing $423M to build a new production and distribution facility
The California winemaker hopes to strengthen its position on the East Coast with the South Carolina factory as it continues to increase its portfolio through acquisitions.
By Lauren Manning • June 17, 2021 -
Permission granted by Constellation Brands
Constellation takes minority stake in 'Breaking Bad' actors' Dos Hombres mezcal
The spirit brand founded by actors Bryan Cranston and Aaron Paul is the second smoky premium liquor the alcohol maker has invested in.
By Megan Poinski • June 17, 2021
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