Hearing Set for Pending Bankruptcy Settlement and Deal Despite Lingering FTC Hurdle
June 29, 2023
Bankrupt Bang Energy owner Vital Pharmaceuticals and Monster Beverage are now pushing to close a sale agreement for most of Bang’s assets by Aug. 3, according to ...
New Product Ships Regionally in May. National Launch in 2024. Product to Challenge Electrolit, Gatorlyte on Taste and Electrolyte Level, BodyArmor CEO Says
April 3, 2023
Coca-Cola’s BodyArmor is jumping into the fast-growing rapid hydration sports drink segment with a new product called Flash I.V., the company has confirmed to BD. BodyArmor filed for the Flash I.V. trademark in January and will ship the product in the US regionally early next month by way of some Coca-Cola bottlers, BodyArmor CEO Federico Muyshondt said in an interview. The company will take...
‘Dink’ Latest Example of Beverages Targeting Exploding Pickleball Community
March 29, 2023
The exploding popularity of pickleball in the US has created a gold rush for beverage companies looking to capitalize on the sport, which is a miniaturized version of tennis played with a hollow plastic ball, oversized ping-pong-like paddle, and bespoke set of rules. A large part of the appeal of pickleball is the democratic nature of the game, which proponents say draws a diverse group of players from across the spectrum of age and athletic ability. That reach, coupled with the social nature of pickleball, is good for consumer packaged goods brands, too, say Pennsylvania craft beer brewers and beverage co-packers...
Pepsi Zero Sugar is Lead ‘Protagonist’ in Master Brand Strategy.
March 28, 2023
PepsiCo will roll out a logo update for its flagship Pepsi trademark this fall, the first such redesign in 14 years. The company’s in-house design firm, led by SVP and Chief Design Officer Mauro Porcini, forged the design over three years. Pictured below, the new logo and “visual identity system” is intended to convey four key messages, Porcini and Pepsi CMO Todd Kaplan told BD in an interview:...
Coca-Cola will put Sprite Zero Sugar on center stage today, widely publicizing a new package design and the brand's first global marketing campaign. The overhaul comes as PepsiCo spends to promote its new lemon-lime soda, Starry, which is targeted to...
PepsiCo Looks to Close the Zero Cola Gap Versus Coca-Cola
January 13, 2023
PepsiCo is rolling out an updated Pepsi Zero Sugar formula in the US to be accompanied by an NFL Super Bowl campaign and a 10-million-unit sampling giveaway, according to the company. The formula and marketing program will be announced this morning. The tagline for the new product is...
Incoming Coke North America President Mann Sets Leadership, Structure for 2023. Key Changes Include Focused Fountain and Retail Customer Teams.
Incoming Coca-Cola North America Operating Unit President Jennifer Mann has announced her leadership team and key organizational changes for 2023, according to an internal staff announcement today. Mann said the changes will “accelerate our growth, improve speed and capabilities, and make it easier to get work done.” The new structure includes the separation of foodservice/on-premise operations (known also as fountain) from operations related to retail customers including groceries and convenience stores. “We are intentionally splitting...
Investment to Fuel Athletic’s North America Growth, Company Says
November 9, 2022
Keurig Dr Pepper has taken a $50 million minority equity stake in Athletic Brewing, the US-based non-alcoholic craft beer brand that has propelled interest in the growing segment. The companies will announce the investment this morning. KDP’s stake is on par with other lead investors in the brand, including TRB Advisors and Alliance Consumer Growth. “We’re thrilled to welcome Keurig Dr Pepper as an investor and strategic partner,” Athletic Co-founder and CEO Bill Shufelt told BD in an email. “...
Bang Energy owner Vital Pharmaceuticals (VPX) filed for bankruptcy protection in Florida on Monday, Oct. 10. According to a court filing, VPX's top 30 non-insider, unsecured creditors are owed more than $700 million. Some of the creditors' claims are under dispute by VPX or in litigation. According to the court document (available here), VPX's creditors include: