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Target is taking booze-less spirits mainstream
  + stars: | 2023-12-01 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —With sales of non-alcoholic beverages recently becoming a nearly half-billion dollar industry, even Target is becoming sober curious. Drinks in the lineup include two celebrity-backed companies: Kin Euphorics, a trendy brand co-founded by model Bella Hadid, and Katy Perry’s De Soi, which makes non-alcoholic apéritifs. Other brands include NOPE and Ghia, both of which produce non-alcoholic canned cocktails, and alcohol-free wine company Surely. “Séchey is a great curator of non-alcoholic brands and will help Target to really elevate its offer,” Neil Saunders, retail analyst and managing director at GlobalData Retail, told CNN. That has created a boom in sales for non-alcohol spirits, wine and beer, which surpassed $500 million this year according to research firm NIQ.
Persons: Sèchey, Kin, Bella Hadid, Katy Perry’s, apéritifs, Kendra Scott, , ” Neil Saunders, it’s, Molson Coors, Roxie, Molson Coors Beverage Company Roxie, Jamie Rotnicki, Katy Perry, Morgan McLachlan, ” Perry, Perry, she’s, De Soi, Soi Organizations: New, New York CNN, Ghia, GlobalData, CNN, Molson, Molson Coors Beverage Company, Molson Coors, Whole Foods Locations: New York,
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
New York CNN —Molson Coors is typically known for its lineup of beers and booze, but its newest drink isn’t either. Its arrival comes as Molson Coors broadens its portfolio beyond beer and expands into new growth categories that are sparking consumers’ interest, including canned cocktails and non-alcoholic beverages. “We know a lot of consumers are starting to either moderate or temper and think about their consumption habits,” Jamie Wideman, vice president of innovation for Molson Coors exclusively told CNN. Molson Coors Beverage CompanyRoxie is available in three flavors: Passionfruit, pineapple and mango. The company’s direction beyond traditional beer stems from a 2019 decision to rebrand itself from Molson Coors Brewing Company to Molson Coors Beverage Co (TAP)mpany as a result of declining beer sales.
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