Beverages: Page 11
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Adeline Kon/Food Dive
Deep DivePolitical donations from 15 of the largest US food and beverage makers plunge
Contributions from entities associated with these companies totaled $4.5 million during the 2024 election cycle compared to $8.2 million four years ago.
By Christopher Doering , Jasmine Ye Han • Oct. 28, 2024 -
Retrieved from Ghost.
Keurig Dr Pepper to buy energy drink brand Ghost for more than $1B
The acquisition expands the beverage giant’s presence in the fast-growing category and deepens a portfolio that also includes water, soda, coffee and juice.
By Christopher Doering • Oct. 24, 2024 -
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 -
Retrieved from Campbell Soup.
ColumnThe Weekly Sip: V8 Energy warms up for winter | NYC startup aims to be the ‘light beer of hard seltzer’
In other beverage news, Best Day Brewing says its total investments in 2024 have risen to $22.5 million as consumer interest in non-alcoholic beers continues to grow.
By Food Dive staff • Oct. 24, 2024 -
Courtesy of Molson Coors
Molson Coors completes 4-year upgrade of Colorado brewery
The Coors Banquet brewer said the modernization effort will result in less waste and help it save money.
By Chris Casey • Oct. 21, 2024 -
Retrieved from J&J Snack Foods.
Deep DiveThe stealthy snacking giant behind Dippin’ Dots, Icee and other treats
While J&J Snack Foods may not be a household name, the company has drawn praise for its “unique collection” of category-leading brands and nearly recession-proof business model.
By Christopher Doering • Oct. 21, 2024 -
Permission granted by Nestlé USA
Nestlé overhauls senior leadership, operating structure amid slowing sales
The changes come as the world's largest food company cut its growth outlook for the full year and warned of sluggish consumer demand.
By Christopher Doering • Oct. 17, 2024 -
Courtesy of Bero
ColumnThe Weekly Sip: Spider-Man’s Tom Holland swoops into nonalcoholic beer | Bottled water demand explodes
In other beverage news, cannabis drink brands launched a trade group this week with Washington, D.C. lobbyists in order to influence federal legislation.
By Chris Casey • Oct. 17, 2024 -
Charday Penn via Getty Images
Wine sales slump as long-term decline continues
Several large beverage companies, seeing losses in their wine operations, have turned to premium offerings to cater to a more niche audience willing to pay more.
By Chris Casey • Oct. 15, 2024 -
Permission granted by Blake's
How a third-generation farmer turned his small family apple farm into a $54M cider business
Blake’s Hard Cider, which has grown to be a multi-million dollar national business, developed out of a 77-year-old apple farm in Michigan.
By Jennifer Lawinski • Oct. 14, 2024 -
Courtesy of Kraft Heinz
Kraft Heinz ‘betting big’ on reaching consumers away from home
The ketchup and Mac & Cheese maker said its foodservice unit is “an integral strategic building block” to growing its business and raising brand awareness.
By Christopher Doering • Oct. 14, 2024 -
Courtesy of Nespresso
Q&ANespresso’s marketing and sustainability maven on her dual role
Jessica Padula discussed acting like a luxury brand and how to navigate growing ESG backlash at Advertising Week New York.
By Peter Adams • Oct. 11, 2024 -
Courtesy of Tilray Brands
Tilray CEO optimistic about cannabis legalization after election
The Canadian company believes its marijuana-infused products are positioned to benefit no matter the outcome in November.
By Chris Casey • Oct. 11, 2024 -
Courtesy of Keurig Dr Pepper
ColumnThe Weekly Sip: Keurig Dr Pepper serves Shirley Temple 7UP | Constellation taps CPG veteran as executive VP
In other beverage news, a new player in the whiskey category hopes to stand out with the help of a bourbon trailblazer.
By Chris Casey • Oct. 10, 2024 -
Permission granted by Frito-Lay North America
Q&APepsiCo Foods creative chief on in-housing and ‘borderless’ content
Chris Bellinger discussed the demands of an always-on content strategy and bringing back Doritos’ “Crash the Super Bowl” at Advertising Week.
By Peter Adams • Oct. 9, 2024 -
Retrieved from Liquid Death.
Liquid Death names former PepsiCo, Coca-Cola exec to lead retail expansion
The appointment of Mike Fine comes as sales for the fast-growing beverage company hit a record $303 million for the year ending in June.
By Christopher Doering • Oct. 8, 2024 -
Courtesy of Chobani
Chobani expands high protein presence with new yogurt
The food manufacturer is appealing to a large audience with an abundance of the popular nutrient, natural ingredients and no added sugar.
By Christopher Doering • Oct. 8, 2024 -
Courtesy of Duckhorn Portfolio
Butterfly Equity to buy Duckhorn Portfolio wines for nearly $2B
The deal is part of a larger consolidation in the high-end wine category as brands adapt to harsh market conditions and changing consumer tastes.
By Chris Casey • Oct. 7, 2024 -
Courtesy of Moët Hennessy
Moët Hennessy invests in nonalcoholic wine brand
The luxury beverage maker’s partnership comes after it reported declining revenue in the sparkling wine category in the first half of 2024.
By Chris Casey • Oct. 7, 2024 -
Permission granted by J.M. Smucker
Q&AInside Smucker’s evolving relationship with US retailers
Robert Crane, who oversees sales, said the Uncrustables maker is collaborating more with stores following COVID-19, supply disruptions and inflation to make sure their strategies are aligned.
By Christopher Doering • Oct. 7, 2024 -
Courtesy of Boston Beer Company
ColumnThe Weekly Sip: Boston Beer summons Sam Adams with séance kit | Shock Top shakes up hard tea
In other beverage news, C4 Energy is freezing up with its latest set of flavors and color-changing cans.
By Food Dive staff • Oct. 3, 2024 -
Christopher Doering/Food Dive
PepsiCo to acquire tortilla-chip maker Siete Foods for $1.2B
The acquisition expands on the New York company’s efforts to improve the healthiness of its snacking portfolio as consumers watch more closely what they eat.
By Christopher Doering • Oct. 1, 2024 -
Courtesy of Anheuser-Busch
Anheuser-Busch invests $16M in facility to boost drinks ‘beyond beer’
The beer giant aims to expand production of its canned cocktail brands.
By Chris Casey • Sept. 30, 2024 -
Courtesy of Diageo
Diageo acquires nonalcoholic spirits brand Ritual
The company is expanding its presence in the zero-proof beverages market with a brand that sells alternatives to gin, whiskey and tequila.
By Chris Casey • Sept. 30, 2024 -
Courtesy of Anheuser-Busch
ColumnThe Weekly Sip: Anheuser-Busch unveils Michelob Ultra Zero | Boston Beer takes Truly to brunch
In other beverage news, Nestlé’s Coffee mate is turning to a popular breakfast item for its latest creamer.
By Food Dive staff • Sept. 26, 2024 -
Courtesy of Nestlé
Nestlé‘s Nespresso launches first ready-to-drink coffee in US
The limited-edition beverage allows the brand to tap into the growing popularity of RTD offerings and further extend its reach outside of the home and office.
By Christopher Doering • Sept. 26, 2024
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