Beverages: Page 77
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General Mills leads $12M funding round for GoodBelly Probiotics
Its VC arm 301 INC provided a "significant majority" of the investment in the company, which already has products in more than 15,000 stores.
By Cathy Siegner • June 21, 2018 -
Investors crave food startups, but will they overindulge?
A survey shows the most attractive young companies for an investment are those working on meat and sugar alternatives, and robots that prepare food.
By Patti Zarling • June 21, 2018 -
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 -
New K-cup makes both hot and cold brew coffee
Heartland Food Products has new liquid pods that can be brewed or diluted into the two varieties of the popular caffeinated beverage.
By Jessi Devenyns • June 20, 2018 -
Kroger brings Soylent to more than 1,850 stores
The meal replacement brand's largest retail expansion to date could give the grocer a stronger foothold in the lucrative plant-based and convenience categories.
By Emma Liem Beckett • June 20, 2018 -
Consumers quenching their thirst with organic beverages
Fresh juices helped push sales in the category up 10.5% last year to $5.9 billion, making drinks the third-largest organic category, according to a trade group.
By Cathy Siegner • June 20, 2018 -
High-stakes legal case pits Pabst Brewing against MillerCoors
The $400-million lawsuit accuses the brewing giant of breach of contract and anti-competition laws, fraud and misrepresentation because it may not continue its manufacturing and distribution agreement.
By Cathy Siegner • June 19, 2018 -
Mintel predicts vegan barbecue and low-calorie ice cream will rule summer 2018
The research firm also expects shoppers to reach for sparkling waters and boldly flavored chip varieties throughout this season.
By Patti Zarling • June 18, 2018 -
Beverage makers harvest wine-infused water
Wine Water and Napa Hills are offering non-alcoholic versions of the drink that contain the health benefits but lack the adverse effects.
By Jessi Devenyns • June 18, 2018 -
For sale: Essentia functional water looking for bids
Speculators say the brand could fetch up to $500 million for its proprietary ionization process, which the company claims provides better hydration.
By Cathy Siegner • June 15, 2018 -
Retrieved from Walmart on June 14, 2018
Walmart opens its own milk processing plant in Indiana
The $165-million plant is the retailer's first food production facility and will provide a variety of private-label dairy products to about 500 Walmart stores in five states.
By Cathy Siegner • June 15, 2018 -
Wine and cider boosted global alcohol consumption last year
Market research from IWSR showed the U.S. was one of the leading growth markets for still wine while regional beer sales continued to decline.
By Emma Liem Beckett • June 14, 2018 -
Will camel milk get over the hump in the US?
The product is reportedly more nutritious than cow's milk, but its acceptance may be slowed by limited supply, a high price tag and the "ick" factor.
By Cathy Siegner • June 14, 2018 -
Q&A
Spindrift CEO on quenching consumer thirst for sparkling water and real ingredients
After initially being turned down by major retailers, Bill Creelman now expects as many as 25,000 stores will carry his product by the end of the year.
By Christopher Doering • June 14, 2018 -
7-Eleven uncorks a premium private label wine
The c-store chain’s new Voyager Point line retails for about $9.99 and joins its Trojan Horse line, which retails for $6.99 a bottle, and Yosemite Road label, which sells for around $3.99.
By Alicia Kelso • June 12, 2018 -
New nut-based milk alternatives flood the category, souring soy and rice-based product sales
Plant-based beverage staples such as almond milk continue to make gains in the $1.61 billion category as well.
By Cathy Siegner • June 11, 2018 -
Opinion
The soda fountain of youth
Lou Jordano, CMO of Crimson Hexagon, explores whether Diet Coke's new flavors can help attract a younger audience.
By Lou Jordano • June 8, 2018 -
Pepsi goes retro to promote upcoming 'Uncle Drew' movie
An ad depicts the brand character across different decades drinking from vintage cans that are available this summer.
By Erica Sweeney • June 8, 2018 -
Molson Coors buys California kombucha company
The beer giant plans to expand marketing and distribution of Clearly Kombucha's fermented tea beverage beyond its current six Western states.
By Cathy Siegner • June 8, 2018 -
Heineken USA taps Maggie Timoney as new CEO
The company veteran, who currently oversees its division in Ireland, is the first woman to take the helm of a major U.S. beer manufacturer.
By Patti Zarling • June 7, 2018 -
Retrieved from PepsiCo on November 01, 2017
PepsiCo latest Big Food partner for Chicago incubator project
The company joins a growing list of firms to partner with The Hatchery, including Kellogg and Conagra, to develop and grow innovative snack products.
By Cathy Siegner • June 7, 2018 -
Craft beer hopes to reap greater profits through taproom and brewpub sales
According to statistics from the Beer Institute, direct-to-consumer sales at these venues grew 24.2% last year, representing one in every dozen craft brews sold in the U.S.
By Jessi Devenyns • June 6, 2018 -
Brown-Forman offers buyouts, warns of impact from US tariff war
The Kentucky maker of Jack Daniels whiskey posted sales during the fourth quarter of $733 million and earnings of $110 million.
By Christopher Doering • June 6, 2018 -
GMA bets on Geoff Freeman as its new CEO
The former head of the American Gaming Association will take over for Pamela Bailey at the food and beverage trade group starting Aug. 1.
By Christopher Doering • June 5, 2018 -
State bills banning taxes on sugary drinks gain momentum
After early stumbles, carbonated soft drink makers have scored wins in Michigan and Arizona, while a similar initiative is gaining strength in Washington state.
By Jessi Devenyns • June 5, 2018 -
Walmart raises a glass with private label wine
The retailer's new Winemakers Selection line, now available in more than 1,000 stores, includes 10 varieties, most of which sell for $11.
By Alicia Kelso • June 4, 2018