Beverages: Page 34
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Courtesy of General Mills
How 5 food and beverage companies are preparing for a recession
CEOs are optimistic, but looking at potential changes in consumer behavior and buying power as they lay the groundwork for an uncertain future.
By Chris Casey • July 19, 2022 -
Courtesy of PepsiCo
PepsiCo to build its largest US beverage plant in Colorado
The facility, which will create 250 jobs, is expected to open next summer and make drinks including Gatorade, bubly, Rockstar and its namesake soda.
By Christopher Doering • July 15, 2022 -
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 -
Courtesy of Ace Hardware
ColumnLeftovers: Ace Hardware scoops paint-inspired ice cream; Fyxx Health bites into cookies
The do-it-yourself store celebrates National Ice Cream Day with treats based on Benjamin Moore colors, and Flow enters the functional water space with three flavors.
By Food Dive staff • July 15, 2022 -
Courtesy of Frito-Lay
PepsiCo considers more price hikes and product mix changes to combat inflation
The beverage and snacking giant saw a sizable revenue boost in the last quarter and increased its annual growth outlook to 10%, but is being cautious in the face of economic uncertainty.
By Christopher Doering • July 13, 2022 -
Courtesy of Frito-Lay
PepsiCo meets saturated fat reduction goal 4 years early
The snacking giant also touted progress in water-use efficiency and direct emissions but said increased demand for its products is hurting environmental improvements in its supply and value chain.
By Christopher Doering • July 11, 2022 -
Courtesy of Sonic Drive-In
ColumnLeftovers: Sonic debuts in hard tea and slushes; Vanilla Ice collaborates on energy drinks
A licensing partnership is extending the drive-in’s brand to new alcoholic products, while PepsiCo’s Pasta Roni serves up convenience in a pouch.
By Food Dive staff • July 8, 2022 -
Courtesy of Steeped Coffee
Sustainable coffee maker Steeped raises $5M through crowdfunding
The beverage upstart said the money will go toward bringing its compostable single-serve brewing process to more drinkers.
By Christopher Doering • July 7, 2022 -
Courtesy of The Vita Coco Company
Diageo partners with Vita Coco on canned cocktail beverage
The drink, which will include the popular coconut water and Captain Morgan rum, will be available in three flavors starting in early 2023.
By Christopher Doering • July 6, 2022 -
Jeff J Mitchell/Getty Images via Getty Images
Diageo buys flavor tech company to streamline drink exploration, path to purchase
The world’s second largest distiller is hoping to match consumers — especially young ones — with a whiskey, eliminating the costly experimentation process.
By Sara Karlovitch • July 5, 2022 -
Christopher Doering/Food Dive
Coca-Cola turns up the heat on frozen as it searches for growth
The beverage giant said new offerings attract younger consumers to its portfolio of brands before they transition into adult-targeted products like Coca-Cola Zero Sugar and Diet Coke.
By Christopher Doering • July 5, 2022 -
Courtesy of The Coca-Cola Company
Coke teams up with Marshmello for limited-edition flavor
The brand’s first flavor co-created with an artist is the latest effort to come out of the Coca-Cola Creations platform that launched earlier this year.
By Sara Karlovitch • July 1, 2022 -
Courtesy of DiGiorno
ColumnLeftovers: DiGiorno turns crust into ice cream cones; Gym Weed infuses hemp into energy drinks
Nestlé’s frozen pizza brand serves up a new dessert in honor of National Ice Cream Day, and Nightfood supplies sweet dreams with its Sleep Friendly Cookies.
By Food Dive staff • July 1, 2022 -
Courtesy of Bolthouse Farms
Cost of Fourth of July cookouts to jump by double digits this year
Price increases for food items like chicken, bread and soda have made this year’s holiday a more expensive celebration, according to two recent analyses.
By Chris Casey • July 1, 2022 -
Shelyna Long via Getty Images
Honest co-founder announces details of new RTD teas
Just Ice Tea will embrace Fair Trade Certified sourcing and organic, recognizable ingredients for its new line, according to Seth Goldman.
By Samantha Oller • June 30, 2022 -
Courtesy of Atomo Coffee
Atomo raises $40M for molecular coffee and launches RTD products
The beans-free startup will begin shipping cold brew and latte products that aim to deliver a similar taste as traditional options, but with improved sustainability.
By Samantha Oller • June 28, 2022 -
Courtesy of Sapporo USA
Sapporo USA to acquire Stone Brewing in deal valued at $165M
By acquiring the ninth largest craft brewer in the U.S., the Japanese beer giant is gaining production capacity and a launching ground for its own brand.
By Samantha Oller • June 24, 2022 -
Christopher Doering/Food Dive
Bang to transition from PepsiCo distribution deal in favor of new DSD partners
In a statement, the company’s CEO also said all disputes with the beverage and snacking giant have been “fully settled and resolved.”
By Christopher Doering • June 23, 2022 -
Courtesy of PepsiCo
ColumnLeftovers: PepsiCo brings Bubly into RTD mocktails; Minute Maid gives juice a Gen Z refresh
The seltzer brand capitalizes on the rise of nonalcoholic drinks with its Bellini-inspired beverage, while Einstein Bros. and B&G Foods blend the flavor of an everything bagel into a seasoning.
By Food Dive staff • June 17, 2022 -
Courtesy of WhatIf Foods
WhatIf Foods taps a secret ingredient for plant-based success
As the company enters the U.S. with its better-for-you ramen and milk, it is leaning on the sustainability and nutrition credentials of a little-known African legume.
By Chris Casey • June 17, 2022 -
Retrieved from Target.com on June 17, 2022
Target unveils new private label adult beverage line
The new line of ready-to-drink cocktails, called Casa Cantina, adds to the retailer’s growing assortment of exclusive offerings in food and beverage.
By Sam Silverstein • June 17, 2022 -
Courtesy of Nestlé
Nestlé sells Chameleon coffee to food and beverage operator
The divestiture to Systm Foods for an undisclosed amount comes five years after the food giant purchased the brand as part of a broader effort to grow its presence in the popular beverage category.
By Christopher Doering • June 16, 2022 -
Christopher Doering/Food Dive
Consumers trust food brands, but are not loyal: study
Morning Consult noted more than one in three people said they have changed to another product when their faith waned — more than any other category.
By Christopher Doering • June 15, 2022 -
Courtesy of Coca-Cola
Coca-Cola partners with Brown-Forman to launch Jack Daniel's RTD cocktail
The beverage, which marks the soda giant’s fourth alcoholic offering, will be sold around the world. The initial rollout is planned for Mexico in late 2022.
By Christopher Doering • June 13, 2022 -
Courtesy of Danone
Danone's venture arm invests in oat milk maker Minor Figures
The minority stake will allow the upstart to expedite its global footprint while enabling the CPG giant to deepen its presence in the fast-growing plant-based beverage subcategory.
By Christopher Doering • June 13, 2022 -
Permission granted by Eat the Change
Honest co-founder downplays potential of legal action from Coca-Cola in new tea launch
Seth Goldman said initial varieties of his beverage will “very closely mimic” the brand he sold to the CPG giant, which is being discontinued.
By Christopher Doering • June 9, 2022
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