Key Takeaways: Leanne D. Cunningham, Brown-Forman’s finance chief, plans to retire on May 1, as per a Securities Exchange Commission filing on Aug. 21. The spirits company, known for brands like Jack Daniel’s whiskey, is 155 years old. Cunningham joined…
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Exciting news in the beverage industry as Generous Brands announces the acquisition of popular kombucha brand Health-Ade for a whopping $500 million. Health-Ade has quickly become a favorite among consumers, with its fermented fizzy tea offering probiotics and immune-boosting antioxidants…
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Key Points: Diageo CEO Debra Crew has stepped down “by mutual agreement” after two years overseeing the maker of Guinness and Johnnie Walker. The London-based company said its board has started a search for Crew’s replacement and will consider internal…
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Exciting News: Grillo’s Pickles is expanding with a new $54 million food manufacturing plant near Columbus, Indiana, to keep up with the high demand for their fresh pickle products. Irresistible Foods Group, the parent company of Grillo’s and King’s Hawaiian…
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Summary: B&G Foods has divested two of its tomato brands to a private equity company as part of its strategy to reduce debt and streamline its portfolio. Violet Foods, a newly established entity under Amphora Equity Partners, will take over…
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Key Points: Diageo, a spirits company, faces challenges due to President Trump’s tariff policy on imports from Europe. They own popular brands like Guinness, Johnnie Walker, and Ketel One, which are produced outside the U.S. Potentially selling off a flagship…
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Food News
The Weekly Sip: Red Hot Chili Peppers singer enters coffee | Aperol owner Campari debuts nonalcoholic spritz
The Beverage Buzz is our weekly column covering the latest developments in the ever-evolving world of drinks. From exciting product launches to major investments and controversial topics, this column is your go-to source for staying informed on the beverage industry.…
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Welcome to the Latest News: Castillo Hermanos, a prominent business conglomerate from Guatemala, has recently announced its acquisition of Harvest Hill Beverage Company, the maker of popular drinks such as SunnyD, Juicy Juice, and Little Hug. The purchase was made…
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The CEO of Jack Daniel’s maker Brown-Forman has stated that the decision by Canadian retailers to remove U.S. alcohol from shelves in protest of President Donald Trump’s trade policies is more financially damaging to the company than the actual tariffs.…
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Dive Brief: Since taking over Hain two years ago, Davidson has focused on stabilizing the struggling parts of the company’s portfolio to prepare them for growth or a potential sale. Dive Insight: It’s not surprising to see Hain exploring options…