Beverages: Page 50
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Courtesy of PepsiCo
ColumnLeftovers: Pepsi combines cola and mango with newest flavor; Harpoon takes a swing at better-for-you beer
Pepsi debuts its first permanent flavored cola in five years, and LaCroix adds three new "naturally essenced" varieties to its lineup.
By Food Dive staff • March 19, 2021 -
Courtesy of AB InBev
Corona debuts circular packaging made from barley straw
The beer brand's upcycled six-pack cartons will launch in South America in 2021. It hopes to eliminate the need to harvest virgin timber to produce cardboard.
By Lauren Manning • March 18, 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 PepsiCo
PepsiCo launches Mtn Dew energy drink amid push into functional offerings
The beverage, which has vitamins, antioxidants and nearly twice the amount of caffeine as a cup of coffee, is being endorsed by NBA superstar LeBron James.
By Christopher Doering • March 18, 2021 -
Permission granted by Chobani
Chobani reaches distribution deal with PepsiCo for some products ahead of possible IPO
The pilot program in the northeastern U.S. will allow the yogurt maker to tap into PepsiCo's large distribution network while giving the soda and snack giant an early look at products under development.
By Lauren Manning , Christopher Doering • March 18, 2021 -
Courtesy of Spindrift
Spindrift enters the alcoholic beverage space with new hard seltzer
The new brand offers consumers a clean label option — but it has steep competition from established beverage manufacturers in the segment.
By Lauren Manning • March 15, 2021 -
Retrieved from Molson Coors.
Molson Coors 'illegally' touting health attributes of its Vizzy Hard Seltzer, consumer groups say
CSPI and CFA say the beverage maker violates FDA rules that prohibit misleading claims and discourage companies from fortifying alcoholic drinks with vitamins.
By Christopher Doering • March 15, 2021 -
Retrieved from Lone River Ranch Water on March 10, 2021
Diageo acquires maker of premium hard seltzer Lone River Ranch Water
The alcohol beverage giant is pursuing an M&A strategy adding premium brands to its lineup to keep pace with consumers' growing preference for quality offerings.
By Lauren Manning • March 9, 2021 -
Retrieved from Danone.
Danone settles Nestlé suit over packaging design for its Silk creamer
The food giants told a judge they resolved the dispute, according to Bloomberg Law. No details of the agreement were released.
By Christopher Doering • Updated Nov. 16, 2021 -
Permission granted by Target
Target launches grocery brand centered on snacks and sweet treats
Favorite Day, which launches April 5, will include more than 700 products across categories like bakery, candy, ice cream and beverage mixers.
By Catherine Douglas Moran • March 9, 2021 -
Courtesy of Nestle
Nestlé buys functional beverage maker Essentia Water
The purchase comes just two weeks after the CPG giant sold its North American bottled water business to private equity firms for $4.3 billion to focus on premium offerings in the category. Financial details were not disclosed.
By Christopher Doering • March 5, 2021 -
Courtesy of Canopy Growth
Canopy Growth to sell CBD-infused sparkling water online in US
The cannabis producer told CNBC it plans to bring the Quatreau brand to store shelves in 2021, though it did not say when the debut would take place.
By Christopher Doering • March 4, 2021 -
Danone board ousts CEO, chairman amid pressure from activists
The immediate departure of Emmanuel Faber comes as critics question the yogurt and bottled water company's strategy and languishing share price.
By Christopher Doering • Updated March 15, 2021 -
Permission granted by Pepsi
Pepsi deploys customized voice-overs to balance personalization, reach in Zero Sugar push
The soda maker is targeting middle-aged men as beverages that eschew the popular sweetener play a bigger role in its growth strategy.
By Peter Adams • March 1, 2021 -
Deep Dive
Let's make a deal: How Nestlé is using M&A and multibillion-dollar divestitures to shape its portfolio
With more than $30 billion in transactions since 2018, the world's largest food company is refocusing its offerings on faster-growing categories popular with consumers.
By Christopher Doering • March 1, 2021 -
Courtesy of Klondike
ColumnLeftovers: What would you do for a Klondike Cone? Cheez-It explodes into a new snack
The Unilever-owned ice cream treat adds two new portable formats, and dairy proteins are used to create a kid-targeted hydration drink.
By Food Dive staff • Feb. 26, 2021 -
Courtesy of PepsiCo
PepsiCo launches line of cocktail mixers as drinking at home surges
The nonalcoholic Neon Zebra brand can be used in margaritas, mojitos and other beverages. The offering is the latest drink from the beverage giant targeting new consumption occasions.
By Christopher Doering • Feb. 26, 2021 -
Permission granted by Elroy's Fine Foods
CBA, beverage group among largest donors to campaigns and lobbyists, study finds
Nonprofit organization Feed the Truth said the top 20 food industry trade associations have contributed at least $33.7 million in political donations since 2007 and spent $303.2 million in lobbying since 2008.
By Christopher Doering • Updated Feb. 26, 2021 -
Courtesy of Moet Hennessy
Moët Hennessy buys 50% stake in Jay-Z's premium Champagne brand
The entertainer and businessman has been an owner of Armand de Brignac since 2006, which makes his ownership stake an "essential element of this alliance," the luxury brands powerhouse said. Financial details were not disclosed.
By Megan Poinski • Feb. 23, 2021 -
Courtesy of Oatly
Oatly files for IPO
The Swedish plant-based company's filing is confidential, so no information is available yet on its proposed valuation or share price.
By Megan Poinski • Feb. 23, 2021 -
Coca-Cola nears deal to buy majority stake in BodyArmor that values brand at $8B, Bloomberg reports
The soda giant first invested in the premium performance and hydration beverage, which generates more than $1 billion in retail sales, in 2018.
By Christopher Doering • Updated Oct. 29, 2021 -
Study shows why functional beverages should be targeted at specific consumers
A study by Brightfield's Evergi platform found distinct needs for those who choose individual drinks, including kombucha, cold-brew coffee and energy drinks.
By Megan Poinski • Feb. 18, 2021 -
Courtesy of BlueTriton Brands
Nestlé's North American bottled water business renamed BlueTriton Brands after $4.3B sale
Private equity firm One Rock Capital Partners completed the acquisition and named Dean Metropoulos as chair and interim CEO on March 31.
By Christopher Doering • Updated April 7, 2021 -
Retrieved from Constellation Brands.
AB InBev files lawsuit against Constellation over use of Corona brand name
The alcohol giant said a 2013 agreement between the two companies only allows Constellation to use the brand name in the U.S. when it comes to beer.
By Christopher Doering • Feb. 17, 2021 -
Courtesy of PepsiCo
PepsiCo CFO: 'The world is permanently shifted'
Hugh Johnston credited the company's successful fourth quarter to its commitment to understanding its new, evolving environment.
By Jane Thier • Feb. 15, 2021 -
Ball, Molson Coors increase production and sourcing to combat aluminum can shortage
Ball Corporation anticipates "demand continuing to outstrip supply well into 2023," President Daniel Fisher said.
By A.B. Brown • Feb. 12, 2021
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