Headlines

Beverage World presents the latest news from across the worldwide beverage market.

Cranberry juice linked to health benefits

Drinking two glasses of cranberry juice a day may cut your risk of suffering a stroke or heart disease, research suggests. Cranberries contain polyphenols, protective compounds that support the body's natural defenses. (Daily Mail)

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Left Hand joins employee-owned craft breweries

Amidst the craft brewing industry buzz of big-beer buyouts, Left Hand Brewing Company is taking the future of their brewery into their own hands. As part of their vision statement, to be a brewery of broad employee ownership, Left Hand has been progressively moving towards and planning for an employee stock ownership plan of succession. Today, the brewery announced that after years in development, it has finalized the repurchase of common shares from current stockholders and has established the Left Hand Brewing Company Employee Stock Ownership Plan, solidifying their investment in employee ownership.

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Jane Lynch named creative director of Vita Coco

Actress Jane Lynch, a longtime friend of Vita Coco CEO, Mike Kirban, will begin her role within the company with the launch of a new video series, entitled, “It’s Water. From a Coconut.” The series, which features Lynch, will debut on July 8th and run in tandem with Vita Coco’s new “Stupidly Simple” campaign, both developed by Lynch.

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Profits rise at Constellation Brands

Constellation Brands Inc. reported a 15% jump in first-quarter profit, as the alcoholic-beverage maker’s Mexican beer segment continued to propel growth. Separately on Wednesday, the company announced plans to buy wine brand Meiomi for about $315 million. (WSJ.com)

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Activist campaigning for bottled water tax

A political activist says companies that take water from California’s ground should pay a fair amount for it – and he’s collecting signatures for an initiative to go on the 2016 ballot that would tax bottled water. (CBS San Francisco)

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Edrington shaken by Dominican Republic smugglers

Scotch whisky producer Edrington, owner of The Macallan and The Famous Grouse brands, has written off almost £239m from the value of its Brugal rum brand after contraband from Caribbean smugglers impacted sales in its domestic Dominican Republic market. (The Telegraph)

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