Plus, Reed’s Poised to Test New CBD Ginger Beer as FDA Plans New Rules
March 1, 2019
Sales of CBD-infused drinks reached $86 million in 2018 and will grow to more than $1.4 billion in 2023, Zenith Global and Beverage Digest have concluded in a joint report. Favorable federal regulation in the U.S. would...
New Regional Structure to Add ‘Speed, Alignment, Agility. Kirk Tanner to Lead Refreshed Organization Now Called PepsiCo Beverages North America. Refranchising Effectively Off the Table.
February 15, 2019
PepsiCo today has announced internally a significant restructuring of its U.S. beverage business to boost performance. According to sources close to the plan, the former North America Beverages (NAB) unit has been realigned into four U.S. regional divisions –
The Philadelphia sweetened beverage tax championed by Mayor Jim Kenney in 2016 has figured into a 116-count federal indictment against a local union boss and a city councilman, among others. According to the indictment unveiled on Jan. 30, John Dougherty, who ran the Local 98 chapter of the International Brotherhood of Electrical Workers, allegedly used
The International Brotherhood of Teamsters has criticized distribution changes made by Reyes Coca-Cola Bottling (RCCB) in Southern California. During a Feb. 13 investor conference call, union leaders said the bottler’s “cost-cutting strategies” have undermined service to
Pepsi to Stage Concert at Former Coke Museum in Atlanta
February 1, 2019
Super Bowl sponsor PepsiCo is used to being in enemy territory. The last four Super Bowls were hosted by cities where Coca-Cola enjoys a market share lead in carbonated soft drinks, as the table below shows. While the same holds true this year for Super Bowl LIII, the stakes are even higher as Coke’s hometown Atlanta plays host.
In a Jan. 24 report, analysts at RBC Capital Markets compared the portfolios and social media data for Monster Beverage and Bang Energy. Bang gained attention from analysts last year as a potential threat to Monster’s core energy offerings (BD 10/26/18).