Kraft Foods Group Inc., Northfield, Ill., reported a 0.7 percent increase in net revenue to $4.7 billion for the second quarter of 2014, which ended June 28, compared with the prior-year period.
Craft brewer plans to expand Freshest Beer Program by end of year
July 31, 2014
The Boston Beer Co. Inc., Boston, reported a net revenue increase of 28 percent to $231.6 million in the second quarter of 2014, up $50.3 million from the prior-year period.
Jamba Blue Fusion, Red Fusion smoothies now available at retailers nationwide
July 30, 2014
Inventure Foods Inc., Phoenix, a marketer and manufacturer of specialty food brands under a variety of company-owned and licensed brand names, announced a consumer-facing campaign to invite fans to vote for the next Jamba At Home smoothie recipe. The Jamba brand is owned by Jamba Juice Co., Emeryville Calif.
Tradeshow set for Nov. 2-5 at Chicago’s McCormick Place
July 29, 2014
The Packaging Machinery Manufacturers Institute (PMMI), the Reston, Va.-based owner and producer of the Pack Expo family of tradeshows, announced that the International Society of Beverage Technologists (ISBT), Dallas, will endorse and staff The Beverage Cooler Lounge at Pack Expo International 2014, which will take place Nov. 2-5 at Chicago’s McCormick Place.
History’s “American Pickers,” Mello Yello give aspiring collectors opportunity to win Ultimate Pickin’ Experience
July 29, 2014
This summer, Mello Yello, a brand of Atlanta-based The Coca-Cola Co., is partnering with History’s “American Pickers” TV show in its hunt for handpicked antiques and collectibles and encouraging amateur pickers across the nation to share their own finds.
Market research firm estimates beer segment to reach $20 billion in 2014
July 28, 2014
New research from Chicago-based Mintel suggests that while craft beer drinkers might enjoy the big, bold flavors of their favorite artisanal brews, they also place a premium on what the beer says about them. For the 25-34 age group, which represents the segment's heaviest consumers, 70 percent say that the brand of beer says a lot about a person, and 66 percent say the style does the same. This strong sense of self has manifested itself in record sales for the craft beer industry, as Mintel estimates sales of craft beer — including craft-style offerings — will reach $20 billion in 2014, more than doubling sales of five years ago.
Consumers are drinking less but better, Beverage Information & Insights Group reports
July 28, 2014
As the economy continues to expand, premium and super-premium distilled spirits are coming back stronger than ever, according to the Beverage Information & Insights Group’s “2014 Liquor Handbook.” The Norwalk, Conn.-based company reports that this premiumization trend means that consumers are drinking less but drinking “better,” which resulted in slower case sales growth of 2.2 percent, reaching 210 million 9-liter cases in 2013.
New company will own, partner with wine and spirits brands on sales, marketing programs
July 28, 2014
New York-based TY KU Sake & Spirits created a new importing and marketing group, Davos Brands, under the direction of Founder and former Chief Executive Officer of Svedka Vodka Guillaume Cuvelier, who will serve as the new company’s vice chairman.
Transaction totaled nearly $148 million instead of anticipated $150 million
July 28, 2014
Lassonde Industries Inc., a manufacturer and marketer of fruit juices and juice drinks based in Rougemont, Quebec, completed its previously announced acquisition of Apple & Eve LLC, Port Washington, N.Y., for a total cash consideration of $147.9 million.
In celebration of its second anniversary, Waiakea Water has released its inaugural commercial. The roughly 1-minute commercial offers an informational approach about the brand’s natural filtration process through an active volcano.