What’s new in CPG this week?
Let’s round it up:
🍽️ Food, Beverage, and Alcohol News
→ Fire Department Coffee at Walmart: Fire Department Coffee secured distribution at Walmart.
→ Explorer Cold Brew Launches Canned Cold Brews: Explorer unveiled a range of 12 oz. canned cold brews with varying caffeine levels (Explorer).
→ Mark Anthony Brands Launches Lemada: The owner of White Claw launched Lemada, an RTD vodka lemonade brand in the UK (Grocery Trader).
→ Tia Lupita Foods Refreshes Chips: Tia Lupita Foods reformulated and refreshed their grain-free tortilla chip line (Instagram).
→ Evolution Fresh Introduces Real Fruit Soda: Bolthouse Farms’ Evolution Fresh launched a new line of healthy sodas in five flavors (Evolution Fresh).
→ Bones Coffee Now at Walmart: Bones Coffee Company launched its products at select Walmart stores.
→ jonesbar Nationwide at Whole Foods: Organic bar brand jonesbar is now available nationwide at Whole Foods Market.
→ Nixie Available at Price Chopper: Nixie’s products are now available at Price Chopper.
→ JAMBAR Organic Energy Bars at Whole Foods: JAMBAR Organic Energy Bars are now available at Whole Foods Market in California and Hawaii.
→ Gin Market Growth: Global gin volumes increased by 4% in 2023, with consumption up nearly a quarter compared to 2019 (The Spirits Business).
💄 Apparel, Cosmetics, and Wellness Updates
→ Monos Opens New Store: Travel brand Monos opened its second Canadian retail location in Toronto (Business Wire).
→ MOON and Hello Kitty Collaboration: MOON released a Hello Kitty collaboration available at Amazon, Nordstrom, and Ulta Beauty (PR Newswire).
→ Deuxmoi Launches Fragrance: Celebrity gossip outlet Deuxmoi launched a fragrance with Voyage et Cie, available exclusively at Violet Grey (Glossy).
→ Skylar Clean Beauty’s New Scent: Skylar Clean Beauty released a new fragrance called Citrus Reverie (Business Wire).
💼 Mergers & Acquisitions
→ Sprecher Acquires Stake in O2 Hydration: Sprecher Brewing Company acquired a minority stake in O2 Hydration, expanding its beverage portfolio (Milwaukee Journal Sentinel).
→ Bragg Live Food Products Explores Sale: Bragg Live Food Products, known for apple cider vinegar, is exploring a sale that could value the company over $500M. Katy Perry and Orlando Bloom are among its investors (Reuters).
💰 Fundraising Highlights
→ Natura & Co Launches VC Fund: Brazilian beauty firm Natura & Co launched Vox Capital, a new venture fund seeded with R$50M to back startups in circular economy and beauty tech (Global Cosmetics News).
→ It’s Skinny Pasta Secures $3.8M: Austin-based It’s Skinny Pasta raised $3.8M in equity funding, focusing on low carb, high fiber pasta (SEC).
→ NIO Cocktails Raises Funds: Milan-based NIO Cocktails secured an undisclosed amount from The Growth Foundation, known for their RTD cocktails (The Spirits Business).
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Former Banker at JPMorgan
3moGreat to see Suja continuing to grow. Kevin - I am working on something up your alley, will be in touch . . .