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Nutella maker to pay $2.8 billion for nestle US candy unit Nestle agreed Tuesday to sell its U.S. confectionery unit to Ferrero, the Italian maker of Nutella, in the first substantial step away from the candy industry by the company that is credited with inventing milk chocolate. The sale of the unit, which [...]
via SiliconANGLE News (blog)]
Shares in drink maker surge 300% following blockchain name change Shares in a drink manufacturer surged by nearly 300 percent in trading Thursday after the company announced it was pivoting into blockchain development. The Long Island Iced Tea Corp., a Hicksville, New York-based drinks maker founded in 2011, pitched [...]
World's Most Valuable Liquor Maker Will Raise Prices of Its Popular Moutai Drink by 18% Rival Wuliangye Yibin Co, the nation's second-largest liquor maker by market value, has lifted retail prices three times this year. Chinese baijiu maker Sichuan Swellfun Co, owned by Diageo Plc, also had an increase in July, China's official Xinhua [...]
via Bend Bulletin]
The Water Kefir People chases growth in fermented drinks While kombucha is fermented sweet tea, water kefir is fermented sugar water. The Water Kefir People and other makers think water kefir's less-tart flavor will make it broadly appealing, and they can pick up health-conscious consumers who wouldn't [...]
@urbandoll i drink it however cold it comes out of the jug i drink it from bc my ice maker doesn't work lol
RT @Olivia_Jean1: Why did people (especially guys) always have a collection of liquor bottles above their cabinets in college? You drink?…
Why did people (especially guys) always have a collection of liquor bottles above their cabinets in college? You… t.co/YjPp0eLTul
Diet-soda maker Zevia is open to selling a stake but will not consider an outright sale of the company, despite getting numerous buyout offers from beverage companies and private equity firms, its chief executive said. Zevia's stevia-sweetened colas and fruit-flavored drinks with zero calories are enjoying a surge in sales as consumers cut down on sugary sodas and turn to healthier options. Soda makers PepsiCo and Coca-Cola are cutting sugar in their drinks while investing in low-calorie and non-soda beverages to tackle falling soda sales and the threat of taxes on sugar-sweetened drinks. The two companies have snapped up several non-soda drink makers over the last few years and are on the prowl for more.
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is starting to stock IZZE Fusions and Lemon Lemon—two new beverage brands—in retail stores across the U. S. The new beverages are entering the market with formulas that contain fewer calories than traditional full-calorie sodas like the namesake... These so-called "next-generation beverages" are an important component of PepsiCo's Beverage preferences are tilting toward healthier categories like teas and flavored waters. IZZE Fusions and Lemon Lemon aim to address those concerns by containing fewer calories, less sugar, and no artificial sweeteners or flavors. IZZE is a brand that PepsiCo has owned for about a decade while Lemon Lemon is completely new. IZZE Fusions are a hybrid of sorts, with PepsiCo saying it is "sort of a soda, sort of juice and sort of sparkling water.
Photo by Larry ChuaMore Dining & DrinkPaul Asper, founder and co-owner of Restoration Cider Co., discovered a way to unite his passions for fly-fishing and cider making when he and his wife traveled to northern Spain and stumbled upon the centuries-old tradition of cider making that was “true to the apple.” “They have this amazing culinary tradition in that part of Spain, and they drink cider all the time,” Asper says. “Everybody drinks cider. It’s in every bar, every restaurant....
The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.AmazonThis well-loved 3-in-1 system from Mr. Coffee makes cappuccino, espresso, and lattes with just a few simple steps.Unlike the complex devices found at the coffee shop, this machine uses simple one-touch buttons for easy drink selection.It also has removable, easy-to-clean drink and milk...
Brian Joffe’s South African investment firm Long4Life has agreed to buy Chill Beverages for at least R452 million ($33 million) in cash and shares, Long4Life said on Tuesday.Joffe, former chief executive of the conglomerate Bidvest, listed Long4Life in April and has since made a string of acquisitions, including sporting goods retailer Holdsport and beauty chain Sorbet.Chill, whose brands include energy drink Score and tonic Fitch & Leedes, has a manufacturing plant in Stellenbosch,...
Shares in a drink manufacturer surged by nearly 300 percent in trading Thursday after the company announced it was pivoting into blockchain development.The Long Island Iced Tea Corp., a Hicksville, New York-based drinks maker founded in 2011, pitched its decision to enter the blockchain business as taking advantage of “a once-in-a-generation opportunity” that is part of their commitment to “enhancing shareholder value.” As part of the pivot, the company also changed its name...