| | | | | In this issue of Daily Briefing | - 🧑🏻⚖️ Bang's Bankruptcy Settlement
- 🆕 This Week’s New Sips
- 🛗 This Week On Elevator Talk
- 👷 Diageo Heads Down South
- 🏴 Marketing Moves
- 🍷 [yellow tail] and Domino’s Intro Red Blend
- 🔔 Strategize Around Real, Familiar & Unique… Registers Will Ring
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| 📰 Today's Top Story | | | Guayakí’s bold experiment in self-distribution appears to be over, as BevNET has learned that the company has dissolved the majority of its Yerba Mate Co. division in a move that saw over 100 employees laid off from the California-based company - The news follows an announcement of a national distribution partnership with Anhesuer-Busch (AB) earlier this month.
Company staff were informed of the forthcoming cuts by CEO Ben Mand during an all-company meeting on Friday, January 17, prior to individual conversations with impacted employees. - Fewer than a dozen roles outside of the division, including controller, were also affected. An unspecified number of dismissed personnel signed non-disclosure agreements upon departure.
In a statement to BevNET, Guayakí confirmed that the company is still using a mix of “some self-distribution in California” and third-party distributors nationwide, and has retained a “dedicated YMCO team for hands-on relationships with key mission-aligned accounts (like natural chains, universities, and healthcare) so we can stay true to our roots while continuing to grow.” BevNET Insiders can access all of the details. |
| | 👉🏼 What You Need to Know 👈🏼 | | | Another chapter in the Bang saga has closed as a Florida bankruptcy judge approved a $3 million settlement between the liquidating trustee of Vital Pharmaceuticals and Professional Supplements LLC. - The settlement stemmed from a 2012 contract dispute lawsuit between the companies which was decided in favor of Vital back in 2022 via a jury trial to the tune of $3.6 million.
- However, weeks later the former Bang parent company lost a much bigger lawsuit with Monster Energy Company (as you may remember) and then filed for Chapter 11 bankruptcy protections.
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| | | | Today is Friday, and you all know what that means… It's new product gallery time! We’ve rounded up the hottest new products and packaged them into a neat array. Here’s a sneak peek at what’s inside: ☕ Italian coffee company Lavazza joined forces with Lamborghini for its Espresso for Automobil Lamborghini dark roast whole-bean coffee blend. 🧃 Ocean Spray grew its Zero Sugar line extension with the launch of Ocean Spray Zero Sugar Tropical Punch Juice Drink. 🦄 Drink flavoring company Jordan’s Skinny Mixes added three new sugar-free flavors to its lineup: Tropigal Syrup, Fairy Dust Syrup and Unicorn Sauce. Check out the full gallery and get all of the product details on BevNET. |
| | | | The latest installment of Elevator Talk features leaders from Sip Herbals, Sacred Bev, See the Elephant Amaro and DryWater. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Dale LaFlam, the founder of 5:30 Somewhere, who shared his thoughts, questions and feedback with the participants. He is joined by Ray Latif, the editor and producer of the Taste Radio podcast. Watch the full episode now. |
| | | BevAlc giant Diageo North America is plotting a new 360,000 sq. ft. manufacturing and warehouse facility in Montgomery, Ala., that will enable “a multi-million case annual production capacity.” 🛣️ The plant will serve as a hub closer to its southern beverage distribution partners and is intended to cut road travel and “further mitigate carbon emissions.” 📍 The development is part of a multi-year strategy to expand Diageo’s global supply chain across territories and is expected to cost approximately $415 million with 750 new jobs estimated. |
| | | 🥃 Single malt Scotch whiskey purveyor Glenmorangie has tapped legendary actor Harrison Ford as the new face of the brand, starting with its “Once Upon a Time in Scotland” campaign. ☕ Chamberlain Coffee, the brainchild of YouTuber Emma Chamberlain, has stepped up its presence in the “real world” by opening its first café in Los Angeles. 🏀 In an effort to reach a broader audience, Nutrabolt-owned energy drink brand C4 has secured multi-year partnerships with three NBA teams. BevNET Insiders can get all of the details on the latest beverage campaigns. |
| | | | Just as our taste buds are finally recovering from the infamous Pizza Hut wine (seriously, what was in that stuff?) we’ve received word that [yellow tail] is taking inspiration from the pizza-innovation playbook. 🦘 The Australian wine company partnered with Domino’s to create a limited edition Red Blend. 👀 Fortunately, the new collaboration appears to be a regular, fruit-forward wine meant to pair with pizza rather than taste like it. 🍕 The Red Blend features a “Twist.Tap.Order” cap that, when twisted off and tapped to a smartphone, allows consumers to place an order through the Domino’s app. |
| | 🎙️ Now Streaming: Taste Radio | | | These days, keeping it simple is one way to be different. At a time when brands are packing their products with processed ingredients, some companies are taking a stripped down approach… and getting noticed. This episode, which features an interview with Stephanie McGregor, a veteran food and beverage executive and founder of plant-based drink brand Ringa, explores that dynamic. Listen to the episode now. |
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