Brad Avery
Posts by Brad Avery
Oatly Files for IPO
Plant-based dairy alternative products maker Oatly submitted plans for an initial public offering (IPO) to U.S. regulators, the company confirmed this week.
Beam Raises $5M Series A, Launches First Non-CBD Line
Direct-to-consumer wellness brand beam has raised $5 million in a Series A financing round, the company announced today. This month, beam made its first expansion outside of the CBD space with the launch of Elevate, a line of powdered hydration drinks packaged in single-serve sticks.
Reports: Oatly Exploring Potential $1B IPO
Plant-based milk maker Oatly is expected to launch an initial public offering this year that could raise as much as $1 billion, according to media reports this week. On Tuesday, CNBC reported that Oatly has hired Morgan Stanley, JPMorgan Chase and Credit Suisse to manage the offering.
Chobani Unveils Yogurt, Oat Milk Innovations in Wave of Product Launches
Building out their stake in rising consumer trends like gut health and plant-based diets, Chobani this month is releasing a broad slate of new products, including the Chobani Probiotics line of yogurts and drinks, and flavor extensions to its existing oat milk and creamers portfolio.
Bulletproof Announces Brand Refresh
Bulletproof 360 is launching redesigned packaging and a new line of cold brew lattes as the company targets nationwide, omnichannel retail expansion. The new packaging is aimed at streamlining the brand’s look and feel across all products, including beverages, food and supplements.
Capstar Partners, CAVU’s Christopher Launch SPAC
As special purpose acquisition companies (SPACs) targeting the CPG sector have experienced a sudden surge in interest this year, Clayton Christopher is the latest food and beverage industry veteran to join the party.
Califia Farms Names Quest’s Ritterbush CEO; Will Continue to Expand Portfolio
Plant-based food and beverage maker Califia Farms announced yesterday that it has named CPG industry veteran Dave Ritterbush as CEO. Ritterbush said the brand will continue to look beyond beverage as the platform expands.
Wandering Bear Targets At-Home Coffee Consumers with Expanded Portfolio
Facing major disruptions to its traditional business model, New York-based coffee maker Wandering Bear announced yesterday the launch of a new suite of products designed to bring the formerly office-focused brand into the at-home coffee space.
Brand Leaders Discuss Race and Business in Online Talk Series
On Wednesday, more than two dozen brands took to Instagram Live for a series of discussions on racial equity and the Black experience in the food and beverage sector as part of the #OnTheMenuNow Initiative. The series of video conversations paired Black founders and CEOs with white brand leaders and covered topics including job opportunities, the pandemic and systemic racism.
Oatly CEO Petersson: “We’re Market Leaders”
On Tuesday, Oatly closed one of the largest food and beverage financing deals of the year when it announced a $200 million funding round led by Blackstone Growth. Speaking with BevNET, Oatly CEO Toni Petersson said the financing represents a diversification of the company’s ownership structure, bringing in an American firm that will work directly with its European and Asian arms.