The Coca-Cola Company will purchase a 16.7 percent equity stake in Monster Beverage Corporation, the second largest producer of energy drinks in the US, the company said Friday.
Based in Washington, Columbia Crest winery has created a new experience that will allow their online community to be part of a crowdsourced cabernet sauvignon from the beginning stages at the vineyard, all the way to bottling.
The growing popularity of bourbon has led to increased production in the spirit’s home state with more than five million barrels currently resting in Kentucky warehouses, the most since 1977.
In a close vote, the San Francisco Board of Supervisors approved placing a two-cent-per-ounce tax on sugar-sweetened beverages on the ballot for the upcoming November election, according to the Associated Press.
In what would likely be one of the toughest tests for the industry, the city of Berkeley, CA has authorized a soda tax to be put on the ballot in November.
Nestlé USA announced Wednesday it will sell the 37-year-old Juicy Juice brand to private equity fund Brynwood Partners VII L.P. under its newly formed portfolio company, Harvest Hill Beverage Company.
Results of a new study point to an increase in competition for the global beverage industry, though industry executives remain optimistic about business improvements.
The Hormel Foods Corporation is breaking into the beverage market, announcing Tuesday its intentions to acquire Muscle Milk product manufacturer CytoSport Holdings, Inc. for $450 million.
