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Founded in 2014 by Blair Bentham, OXIGEN has grown 300 to 400 percent year-over-year. It recently closed on $15 million in Series B funding, which will help the oxygenated water brand build brand awareness and scale national distribution.
Historically known for its value attributes, private-label beverages are getting a premiumization boost as consumers also seek quality from these cost-friendly products.
Swire Coca-Cola USA, Draper, Utah, announced that Jack Pelo, its president and chief executive officer (CEO) for the past 24 years, will retire at the end of this year. Rob Gehring, currently chief operating officer, will assume the president and CEO role beginning Jan. 1, 2021.
Keurig Dr Pepper (KDP), Burlington, Mass., and Plano, Texas, and The Honickman Companies, Pennsauken, N.J., jointly announced an agreement that allows KDP to sell and distribute key KDP brands in 18 counties serving 17 million people in New York and New Jersey.
Sipp Eco Beverage Co. Inc. launched Soft Seltzers, a sparkling beverage line that low in calories and made exclusively with clean, organic ingredients, antioxidants and vitamin C from Camu Camu, natural caffeine from green coffee beans and sweetened with agave nectar, it says.
PepsiCo Inc., Purchase, N.Y., released its 2020 Green Bond Report, which provides an update on the allocation of the use of net proceeds from its first Green Bond, issued in October 2019 for $1 billion. As disclosed at issuance, the Green Bond's net proceeds are to be allocated to investments where PepsiCo believes it can make a lasting impact on priorities within its sustainability agenda, including packaging, decarbonization and water, while advancing several of the UN's Sustainable Development Goals.
Zephyrhills Brand 100% Natural Spring Water unveiled the Feel-Good Movement, a program aimed at highlighting good news throughout Florida by rewarding the positive work of organizations in the Sunshine State.