Beverages: Page 67
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AB InBev takes another shot at the hard seltzer category
The world's largest brewer is introducing Natural Light Seltzer in a bid to attract college-age fans of the brand, but with a lower price and higher ABV than other products in the segment.
By Cathy Siegner • Aug. 12, 2019 -
3 trends in food and beverage packaging
They say you can't judge a book by its cover, but many consumers judge products by their packages. Food Dive and Grocery Dive took a look at three trends in packaging today.
By Food Dive and Grocery Dive staff • Aug. 9, 2019 -
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 -
AB InBev buys craft brewer Platform Beer
As sales of its signature beers decline, the company has been adding smaller producers to the fold, including Goose Island, Devils Backbone and Wicked Weed.
By Cathy Siegner • Aug. 9, 2019 -
Report: DuPont may sell its food additives and ingredients unit for $20B
The fast-growing division could be an attractive target for companies such as Kerry Group or International Flavors & Fragrances, Bloomberg reported.
By Christopher Doering • Aug. 8, 2019 -
Diageo takes majority stake in nonalcoholic spirits brand Seedlip
The alcohol giant initially invested in Seedlip in 2016, which marked its first stake in a teetotaling brand of distilled spirits.
By Cathy Siegner • Aug. 8, 2019 -
New Arizona Beverages partnership will create THC-infused goods
By licensing its brand name for products using one of the industry's trendiest ingredients, the iced tea maker hopes to reinvigorate sales, which have slid over the last few years.
By Jessi Devenyns • Aug. 8, 2019 -
Dean Foods stock down more than 30% in a day as earnings continue to drop
The beleaguered milk processor blamed some of its $64.5 million net loss in Q2 on a consumer shift to more water products and plant-based beverages.
By Cathy Siegner • Aug. 7, 2019 -
Pernod Ricard gets bigger with TX premium whiskey
This deal comes on the heels of the French spirits giant acquiring Rabbit Hole Whiskey in June as it looks to bring brands into its portfolio with “unique and comprehensive value propositions."
By Jessi Devenyns • Aug. 6, 2019 -
Molson Coors CEO retires as US sales continue to slide
Mark Hunter's departure comes as the alcohol giant struggles to premiumize and modernize its portfolio and move beyond beer with nonalcoholic cannabis-infused beverages.
By Megan Poinski • Aug. 1, 2019 -
Hard seltzer helped beer sales grow 3.5% in July, IRI says
The sparkling alcoholic beverages, as well as flavored malt drinks and domestic super-premium brews, are pushing the segment ahead.
By Jessi Devenyns • July 31, 2019 -
Rising aluminum costs hit Heineken
It has been an issue for beer makers for several quarters, but other companies' troubles come from a different source.
By Emma Cosgrove • July 31, 2019 -
Dean Foods replaces CEO with Eric Beringause amid continued struggles
Ralph Scozzafava is stepping down from the top spot after two years in the role and his successor is tasked with turning around the company.
By Lillianna Byington • July 29, 2019 -
Pabst Blue Ribbon tests hard coffee in 5 states
The new product, which has a 5% ABV and is made from coffee and fermented malted barley, is being sold in Florida, Georgia, Maine, New Jersey and Pennsylvania.
By Cathy Siegner • July 29, 2019 -
Coca-Cola and PepsiCo exit plastic lobbying group amid environmental concerns
The two soft drink giants have great influence within the industry and the move may encourage other companies to follow suit.
By Jessi Devenyns • July 26, 2019 -
A guilt-free celebratory drink: Beers tap into workout recovery market
In February, Sierra Nevada Brewing made its only acquisition: Sufferfest Beer Company, which seeks to produce the "Gatorade of beers."
By Cathy Siegner • July 26, 2019 -
Retrieved from Starbucks on July 22, 2019
Nestlé launches Starbucks creamers inspired by its signature drinks
This is the fourth new product since the Swiss CPG giant purchased the right to sell some of the coffee chain's branded products in grocery stores last August.
By Jessi Devenyns • July 23, 2019 -
How rum may sweeten spirits companies' profits
A Jeffries International analyst told Bloomberg the alcohol could be the next beverage to benefit from the cocktail culture — if big players invest more.
By Cathy Siegner • July 23, 2019 -
Deep Dive
With the dairy industry in a sour state, Borden CEO plots comeback for one-time milk giant
In its heyday, the Texas company posted $7 billion in sales and was the nation's largest dairy producer. Today, revenue sits at $1.2 billion and its reach spans just 13 states.
By Christopher Doering • July 23, 2019 -
Coca-Cola invests $20M in Health-Ade Kombucha
The move builds on previous investments the soda giant made to expand its portfolio to become a "total beverage company."
By Cathy Siegner • July 22, 2019 -
CBD sparkling water maker Sweet Reason raises $2.5M
The startup joins a growing number of food and beverage manufacturers looking to sell products with the controversial ingredient despite a lack of regulatory clarity from the FDA.
By Anastassia Gliadkovskaya • July 22, 2019 -
Coalition of health groups keeps California soda tax issue fizzing
The group — which counts the American Heart Association, California Medical Association and California Dental Association as members — wants to get it on the 2020 ballot.
By Jessi Devenyns • July 19, 2019 -
With 50M meals sold worldwide, Huel shakes up the meal replacement market
The British company says it has seen year-over-year customer growth of more than 150% and expects its valuation to top $1.25 billion by 2022.
By Jessi Devenyns • July 16, 2019 -
Budweiser launches limited-edition lager to connect with farmers
The beer giant collaborated with its barley suppliers to develop the Harvest Reserve Deep Golden Lager that will be sold only in Nebraska and Iowa.
By Cathy Siegner • July 15, 2019 -
Honest Tea vending machines let people donate to charity
Customers can increase their transaction amount with an "Up Your Impact" purchase and vote on philanthropic projects they wish to support.
By Robert Williams • July 12, 2019 -
Sugar in fruit juice may increase risk of cancer, research finds
While consumption of drinks with the sweetener was "significantly associated" with an overall risk of the disease, researchers said their findings need to be replicated in other large-scale studies.
By Cathy Siegner • July 12, 2019
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