Nestle's Starbucks line for retail is rolling out two limited-edition blends for spring: Honey & Madagascar Vanilla and Spring Day Blend. Both feature 100% arabica coffee in ground and K-cup varieties.
Koios is ushering its functional sparkling beverage line and Fit Soda brand into more than 200 Shell and 7-Eleven stores in Colorado. The company is planning to enter roughly 1,000 convenience stores by the end of 2021, as an NCR report finds consumers are increasingly turning to this channel due to stock shortages in groceries.
Nova Naturals' ready-to-drink green tea brand Steaz has rebranded with a cleaner can design to promote premiumization and a reformulation that's richer in antioxidants and consistent across the portfolio, according to Nova Naturals CEO Ron Greene. The company has cut 10 SKUs from the line, added two flavors and is releasing a yerba mate set in three flavors this month.
Keurig Dr Pepper is partnering with Nestle to distribute Starbucks-branded K-cup pods throughout the US and Canada. The company has signed a long-term deal with Nestle to manufacture and distribute the pods that replaces its agreement with Starbucks.
After reshaping Nestle's US portfolio and working to cut expenses, CEO Mark Schneider said Nestle is preparing to debut new products under the Starbucks label in early 2019. "I think the heavy lifting has been done," he said of the company's US changes.
Keurig Green Mountain has capitalized on the single-serve coffee trend, with the company's K-Cup single-serve business bringing in a significant portion of its $4.7 billion in revenue last year and partnerships with industry players from Coca-Cola to Dunkin' Donuts. Nestle's Nespresso machines and Starbucks' Verismo machines are also gaining ground in the market, which also includes food products like oatmeal and cold-brew technology.