Plus, slam-dunk deals for Saint James, Lucky Energy͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
 
 
December 26, 2024
Bevnet

In this issue of Daily Briefing

  • 🏀 Saint James is Brooklyn Bound via Barclays
  • 🤝 Lucky Energy Inks Deal With Naz Reid
  • 🪜 Leadership Addition at L.A. Libations
  • 🏆 The Best of 2024 Awards

📰 Today's Top Story

📜 Soda SNAPs Back at Pitched Benefits Ban

📜 Soda SNAPs Back at Pitched Benefits Ban

The holidays may be a time for relaxing and unwinding, but with a new Presidential administration vowing to come in hot next month, lobbyists are in crunch mode.

The Wall Street Journal reported earlier this week that Coke, PepsiCo and Keurig Dr Pepper (KDP) are exercising the full strength of their lobbying power to block Health and Human Services nominee Robert F. Kennedy Jr. from fulfilling his promise to remove soda and other sugary drinks from the list of approved products for purchase via SNAP benefits (aka food stamps).

Coke in particular is hiring more lobbyists, with an eye towards groups who have close relationships with Donald Trump, and the Big Three are also trying to get the ear of people close to RFK and Agriculture Department nominee Brooke Rollins, who would oversee SNAP benefits if confirmed.

When approached by Newsweek, Coke opted to neither confirm nor deny that they’re hoping to influence the incoming administration, stating only that they’re “always active in engaging on policies important to our business and our consumers.” 

There does appear to be a bit of tug and pull about what to do on health initiatives and soda among Republican leaders. While some representatives have come out against the health initiative, others have throttled forward.

Last year, Sen. Marco Rubio (Trump’s proposed Secretary of State) cosponsored a bill to remove soda and other sugary foods from SNAP eligibility, and just this month Arkansas Gov. Sarah Huckabee Sanders advocated for removing soda from SNAP in a push to end “taxpayer-funded junk food.”

On Dec. 11, industry group American Beverage urged Sanders to rethink her position: “If President-elect Trump and his administration decide to look at the SNAP program, we ask for the opportunity to work with him to make the program stronger and ensure it works for Americans and their families." 

The group is also planning to donate to Trump’s inauguration, the Journal reported.

 

👉🏼 What You Need to Know 👈🏼

🏀 Saint James is Brooklyn Bound via Barclays

Los Angeles-based Saint James Iced Tea is the latest brand to sign a multi-year partnership at Brooklyn’s Barclays Center, home to the NBA’s Brooklyn Nets and reigning WNBA champion New York Liberty. 

🤝 The deal brings with it prominent advertising opportunities, sampling activations, and, most importantly, the ability to reach hundreds of thousands of attendees at the over 160 events hosted annually.

💬 “To be perfectly frank, I've always been a little hesitant on how exactly iced tea plays in that traditional sports space,” said Saint James CEO Brad Neumann, whose background includes running sales and distribution at sports and hydration brands like Recover 180° and ROAR Organic.

Read the full story on BevNET.

 

🤝 Lucky Energy Inks Deal With Naz Reid

Lucky Energy announced yesterday it has signed Minnesota Timberwolves star Naz Reid, the NBA’s Sixth Man of the Year, as its first headline athlete. The deal includes an OOH campaign in Minnesota, NIL for POS, social media promotions, and more. 

🏀 The partnership kicked off with a campaign video dubbed “Naz Isn’t Lucky” that delves into the player’s history on the court. According to Lucky Energy, the campaign is focused on reminding athletes of all skill levels that they can make their dreams come true through hard work (not luck). 

🗣️ What they said: “There were doubts when I entered as an undrafted player, but I knew what I could do. I’m where I am through hard work and not giving up. I’m looking forward to helping fuel other athletes with Lucky Energy so they can reach their potential and make their dreams a reality.” - Naz Reid 

 

🪜 Leadership Addition at L.A. Libations

Beverage creator, incubator and accelerator L.A. Libations has promoted Chad Coester to president. In this expanded role, he will oversee incubation, marketing, customer management and merchandising efforts.

📈 Coester joined the company in March 2023 as chief growth officer, bringing two decades of brand and retail experience from Albertsons, Safeway and Nestle. 

🗣️ What they said: “With his expanded leadership, I am confident Chad will bring even more, focus, discipline and growth to our company as he steers our incredible team and initiatives forward.”Danny Stepper, co-founder and CEO of L.A. Libations

 

🎙️ Now Streaming: CPG Week

🏆 The Best of 2024 Awards

🏆 The Best of 2024 Awards

The CPG Week team is capping the year with a discussion about the BevNET and Nosh Best of 2024 Awards, honoring the standout individuals, brands and new products across the food and beverage industry. In this episode, the podcasters highlight the hottest snacks and pantry staples, the buzziest non-alc beverages and the most eye-popping packaging refreshes of the past year. Learn why these recipients stand out among a strong slate of nominees, including why – for the first time ever – two companies received BevNET’s Brand of the Year designation.

Click here to listen to this week’s episode.

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