Beverage Industry News
A collection of Beverage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Lotte Chilsung, Thailand's CP Group sign MOU for beverage partnership
Lotte Chilsung Beverage said Tuesday it has partnered with Thailand's Charoen Pokphand (CP) Group to expand sales of its beverage and bottled water products in the Southeast Asian country. Under a memorandum of understanding (MOU) signed with CP…
Poppi founder Allison Ellsworth's new hydration beverage brand Jetty is here - she gave us a behind-the-scenes look
Poppi co-founder Allison Ellsworth knows what you're thinking: Why would she start another beverage brand after a wildly successful $1.95 billion exit last year? She jokes that she could have retired, but she saw a need her expertise could fill…
Wine and spirits could get cheaper after the midterms. Here's why
Booze brands are hopeful that help is on the way for their industry – and they need it. Tariffs and declining drinking habits have weighed heavily on beverage companies over the last two years, but changing control of Congress may signal…
Medusa Beverages partners with Third Eye Distillery; expands into premium spirits
Updated - November 09, 2026 at 05:13 PM. Medusa Beverages has partnered with Third Eye Distillery, the maker of Stranger & Sons Gin, to enter the premium spirits category through a strategic brand and distribution partnership for select markets in…
Inside Poppi founders' bid for another billion-dollar beverage brand with Jetty
Last year, after nearly a decade building Poppi from a farmers' market small business to a beverage behemoth, founders Allison and Stephen Ellsworth sold their better-for-you soda brand to PepsiCo for $1.95 billion. They took about six months off…
Poppi founders look to disrupt hydration market with new electrolyte drink
The husband-and-wife duo behind Poppi is taking on another corner of the beverage industry, launching a new hydration brand after selling their prebiotic soda company to PepsiCo for nearly $2 billion. Allison and Stephen Ellsworth are investing…
Molson Coors Beverage (NYSE:TAP) Given New $42.00 Price Target at Morgan Stanley
Molson Coors Beverage (NYSE:TAP - Get Free Report) had its target price lowered by analysts at Morgan Stanley from $46.00 to $42.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an 'equal weight' rating on the…
Molson Coors Beverage (NYSE:TAP) Downgraded by JPMorgan Chase & Co. to 'Underweight'
Molson Coors Beverage (NYSE:TAP - Get Free Report) was downgraded by equities researchers at JPMorgan Chase & Co. from a 'neutral' rating to an 'underweight' rating in a note issued to investors on Monday, FinViz reports. They presently have a…
Molson Coors Beverage (NYSE:TAP) Stock Price Expected to Rise, Barclays Analyst Says
Molson Coors Beverage (NYSE:TAP - Get Free Report) had its price objective raised by Barclays from $36.00 to $40.00 in a research note issued on Monday, Benzinga reports. The firm currently has an 'underweight' rating on the stock. Barclays 's…
Monster Beverage (NASDAQ:MNST) Given New $51.00 Price Target at Sanford C. Bernstein
Monster Beverage (NASDAQ:MNST - Get Free Report) had its target price boosted by investment analysts at Sanford C. Bernstein from $50.00 to $51.00 in a report released on Monday, MarketBeat.com reports. The firm presently has a 'market perform'…
KPS Capital to Acquire MM Packaging Stake at $2.7 Billion Enterprise Value
Private-equity firm KPS Capital Partners has agreed to acquire a majority stake in Mayr-Melnhof Karton's consumer-packaging business in a deal valuing the business at about $2.7 billion. Vienna-listed MM Group will retain a 30% holding in MM…
JPMorgan turns bearish on Molson Coors amid weak beer trends (TAP:NYSE)
Molson Coors Beverage Company (TAP) swung lower in early trading after JPMorgan lowered its rating to Underweight after having the beer stock slotted at Neutral. Analyst Drew Levine pointed to ongoing softness in the U.S. beer category, a…
Portland Water District secures $8.1M to protect Sebago Lake
Portland Water District was awarded an $8.1 million grant to lead a regional watershed protection initiative safeguarding Sebago Lake, a drinking water source for more than 200,000 people. The money came from the Regional Conservation Partnership…
Allison Ellsworth Sold Poppi for $2 Billion. Now She's Back With Jetty.
In ELLE's Office Hours series, we ask people in powerful positions to take us through their first jobs, worst jobs, and everything in between. This month, we talk to Allison Ellsworth, the co-founder and former chief brand officer at Poppi, the…
PepsiCo to cut about 1,000 jobs as North American business struggles
PepsiCo will cut about 1,000 jobs across North America as part of a broader turnaround. The company says it will streamline operations and connect teams more closely across its North American business. Pepsi lowered its 2026 earnings outlook in…
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