Beverages: Page 56
-
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 -
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 -
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 -
Permission granted by Coca-Cola
ColumnLeftovers: Topo Chico twists on the tangerine; Tillamook shows vintage cheese is in
The new fruit flavor is the latest bit of citrus to be added to the Coca-Cola-owned sparkling water brand, and SweetPea has a scoop: Chickpeas can make ice cream.
By Food Dive staff • Feb. 12, 2021 -
Study: Higher plant-based milk prices are justified, but dairy milk is too cheap
While non-dairy substitutes cost about twice as much, Mintec found the conventional staple's profits only cover production costs, leaving little for R&D or innovation.
By Megan Poinski • Feb. 12, 2021 -
Permission granted by Coca-Cola
Coke plans data-driven, 'always-on' experiential campaigns as sales dip
The company is looking to drive "greater efficiency across the marketing spend portfolio" and announced plans for Sprite's first global campaign.
By Robert Williams • Feb. 11, 2021 -
Heineken to cut 8,000 jobs as the pandemic hurts sales
The staff reduction, part of a broader effort to save $2.43 billion through 2023, comes as the alcohol maker focuses more on premium offerings and looks to move beyond beer.
By Christopher Doering • Feb. 10, 2021 -
Permission granted by Coca-Cola
Coca-Cola transitions to bottles made from 100% recycled plastic
The new packaging and a smaller bottle size will be gradually rolled out during the first half of the year in select states.
By Christopher Doering • Feb. 9, 2021 -
Courtesy of Danone
Danone's 'big runway' for growth is built on brand relevance, N. America CEO says
Shane Grant is feeling optimistic about the company's dominance in dairy and plant-based, even as an activist investor questions its larger strategy.
By Christopher Doering • Feb. 9, 2021 -
Courtesy of PepsiCo
PepsiCo launches Frutly juice waters for teens
The new line of hydrating, no-added-sugar drinks could capitalize on Gen Z's growing buying power and interest in healthier beverage options.
By Mike De Socio • Feb. 8, 2021 -
Courtesy of The Hershey Co.
ColumnLeftovers: Whozeewhatzit? It's Hershey's new offering; Pebbles cereal enters the ice age
The Pennsylvania chocolate maker launches a new bar to complement the Whatchamacallit, and you can have the mango in Yuengling's new brew.
By Food Dive staff • Feb. 5, 2021 -
Permission granted by Chobani
The road to Chobani's IPOChobani considering 2021 IPO valuing it at up to $10B, WSJ reports
Chobani Founder and CEO Hamdi Ulukaya said the company will look at "all options carefully to fuel our ambitious plans" with a stock offering "definitely one exciting direction."
By Christopher Doering • Feb. 5, 2021 -
Super Bowl LV snacking will favor variety and wellness
The pandemic has put consumers in the mood for new food and alcohol beverage options as viewing parties stay small.
By Mike De Socio • Feb. 4, 2021 -
Permission granted by Anheuser-Busch
Anheuser-Busch to spend $1B on hard seltzer, sustainability in US plants
The maker of Bud Light and Michelob Ultra has been aggressively moving into the popular beverage, which has become a growth segment for many alcohol producers.
By Christopher Doering • Feb. 4, 2021 -
Uber buys alcohol delivery platform Drizly for $1.1B
The stock and cash deal comes as the profitable startup has seen demand surge during the pandemic with the service now offered in more than 1,400 cities.
By Christopher Doering • Feb. 2, 2021 -
Spirits sales rose in 2020, but the pandemic and tariffs drag on future prospects
Distillers have the opportunity to ride a new wave of growth as vaccination rates grow and off-premise opens up, but they will need to maximize the tools at hand.
By Samantha Oller • Feb. 1, 2021
Previous
