Beverages: Page 56
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Adobe Images
Sponsored by AFSGame on: fueling the emerging market for esports
Welcome to the age of premium, high-performance energy drinks fueling the gaming industry.
By Brian Zapp - AFS • Aug. 25, 2020 -
Craft spirits revenue plunges $700M as pandemic curtails on-premise operations
With 40% of the country's craft distilleries generating half of their sales from tasting rooms that were or remain closed, many are looking for other sources of income to stay afloat.
By Jessi Devenyns • Aug. 24, 2020 -
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 -
Christopher Doering/Food Dive
Coca-Cola names company veteran to head its North American business
Alfredo Rivera, president of its Latin American group and a 23-year veteran of the beverage giant, replaces Jim Dinkins, who is retiring.
By Christopher Doering • Aug. 24, 2020 -
Permission granted by The a2 Milk Company
A2 Milk's revenue jumps 91% in US
The New Zealand company attributed the increase in consumer demand to expanded distribution, new packaging and a national TV advertising campaign.
By Lillianna Byington • Aug. 21, 2020 -
Drizly raises $50M as e-commerce alcohol delivery surges
The company says it has grown more than 350% this year, while achieving sustained profitability during the pandemic.
By Christopher Doering • Aug. 21, 2020 -
PepsiCo taps head of World Trade Organization for C-suite role
Roberto Azevedo will hold the newly created chief corporate affairs officer position, which brings the snack and beverage giant's public policy, government affairs and communications under one umbrella.
By Christopher Doering • Aug. 20, 2020 -
Retrieved from Hint on August 19, 2020
Flavored-water maker Hint raises $25M in its latest funding round
The company looks to capitalize on the momentum it has established during the pandemic and use the funds to grow sales and distribution.
By Jessi Devenyns • Aug. 19, 2020 -
Permission granted by Lemon Perfect
Water brand Lemon Perfect raises $6.6M to expand
The funding, which came from traditional VC companies as well as a long lineup of NBA luminaries, will go toward growing distribution, increasing marketing and recruiting new talent.
By Jessi Devenyns • Aug. 18, 2020 -
Courtesy of Diageo
Diageo to pay up to $610M to buy Ryan Reynolds-backed Aviation Gin
The purchase of the fast-growing brand gives the liquor maker a bigger stake in premium alcohol and adds to its portfolio of brands with celebrity connections.
By Christopher Doering • Aug. 17, 2020 -
Courtesy of New Belgium Brewing
ColumnLeftovers: Fat Tire toasts the environment; Flora spreads into the United States
New Belgium Brewing's beverage was certified as the nation's first nationally distributed carbon neutral beer last week, and Vive adds some spritz to fall with Pumpkin Spice Hard Seltzer.
By Food Dive staff • Aug. 14, 2020 -
Lawsuit challenges California's ban on soda taxes
The plaintiffs argue the law prohibiting cities from enacting them until 2031 is illegal because it curtails local governments’ ability to raise funds for public services.
By Jessi Devenyns • Aug. 11, 2020 -
Courtesy of Atomo Coffee
Atomo Coffee gets $9M for a molecular morning jolt
The Seattle startup, which makes the brewed beverage from upcycled ingredients that chemically match conventional coffee, will build a roastery and have products on the market next year.
By Megan Poinski • Aug. 11, 2020 -
Private equity firm Sonoma Brands remains 'active' in search for new deals
The investment firm, founded by Krave founder Jon Sebastiani, owns or has minority stakes in more than a dozen companies including Hu, Dang and Smashmallow.
By Christopher Doering • Aug. 11, 2020 -
Courtesy of Ferrera
ColumnLeftovers: Trolli's crunchy gummies could make others squirm; Angostura mixes it up with cocoa
Candy maker Ferrera adds new innovation to the chewy worm-shaped sweet, while Hershey shrinks One bars.
By Food Dive staff • Aug. 7, 2020 -
Courtesy of Jel Sert
How a nearly 100-year-old maker of pudding and frozen ice pops competes with Big Food
Jel Sert, a manufacturer of Royal instant mixes and Fla-Vor-Ice frozen treats, has turned to alcohol, healthier trends and licensing deals with Mars Wrigley and Coca-Cola to boost sales.
By Christopher Doering • Aug. 5, 2020 -
Courtesy of Coca-Cola
Topo Chico Hard Seltzer will be manufactured, marketed and distributed by Molson Coors
The agreement, similar to one signed with Yuengling earlier this month, gives the company known for beer a third hard seltzer brand in its portfolio.
By Jessi Devenyns • Updated Sept. 29, 2020 -
Permission granted by Coca-Cola
Coca-Cola to debut coffee-flavored cola in the US
The beverage, which is already available in international markets, will launch on the company's subscription service this year before hitting shelves across the country in January.
By Lillianna Byington • July 31, 2020 -
Retrieved from Post, Dunkin' on July 30, 2020
ColumnLeftovers: America runs on Dunkin' cereal; French's and Oskar Blues brew mustard beer
Post's new breakfast offerings are inspired by the restaurant's popular coffee drinks, and PBR gets into the summer with hard peach iced tea.
By Food Dive staff • July 31, 2020 -
FDA grants Ocean Spray qualified health claim for its cranberry juice
The company can label some products to indicate a relationship between their consmption and reduced risk of recurrent urinary tract infections in healthy women.
By Jessi Devenyns • July 30, 2020 -
Retrieved from Anheuser-Busch on July 30, 2020
Budweiser launches its 1st nonalcoholic beer
Anheuser-Busch's legacy beer brand is tapping NBA star Dwyane Wade as it markets Budweiser Zero, which has zero sugar and 50 calories.
By Jessi Devenyns • July 30, 2020 -
Unilever sells Lipton, other teas to private-equity firm for $5B
The sale to CVC Capital Partners includes 34 brands that generated more than $2 billion in sales in 2020. It will allow the CPG giant to focus on higher-growth businesses.
By Christopher Doering • Updated Nov. 19, 2021 -
Courtesy of Jeni's
ColumnLeftovers: Jeni's brings state fair-inspired flavors to ice cream; Quokka Brew makes jitter-free coffee
The frozen dessert maker will release a new midway-inspired flavor every Thursday this summer, and Heaven's Lettuce launches chips to convince consumers "happiness is hemp."
By Food Dive staff • July 24, 2020 -
Courtesy of Better Juice
Better Juice partners with US companies to further its sugar-reduction technology
The Israel-based company converts natural sugars in 100% orange juice into other components for a less sweet beverage.
By Jessi Devenyns • July 23, 2020 -
Ocean Spray names former Tyson Foods chief as its CEO
In addition to his time running the meat and poultry processing giant, Tom Hayes also previously worked at CPG giants such as Kraft and Conagra.
By Christopher Doering • July 20, 2020 -
Courtesy of Sweet Earth
ColumnLeftovers: Sweet Earth ups the Awesome on its plant-based burger; Busch Light launches apple-flavored beer
Nestlé combines two animal-free products to make the vegan version of a bacon burger, and Eat Howl taps chefs to add authentic flavor to its macaroni and cheese.
By Food Dive staff • July 17, 2020
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