Energy Drinks Battle Dark Cloud, Try to Remain Beverage Bright Spot

And that’s already having a negative impact on the category. In recent weeks, 27% of consumers have stopped or reduced their usage of 5-Hour Energy, with 10% saying it was because of the news and 26% citing health or concerns over side effects. Meanwhile, 20% of consumers said they had stopped or reduced their usage of Monster, with 7% citing the news and 36% blaming health and side effects.
“It’s early days. The news is still evolving on a daily basis,” Mr. Pecoriello said at a Beverage Digest conference last week.

Published

12 years ago

December 17, 2012

BusinesSuiteOnline

Energy drinks and shots, which racked up nearly $7 billion in sales last year, aren’t just on fire– they’re under fire. And two marketers in the middle of the firestorm are responding in distinctly different ways, but with the same purpose: to protect brands dominant in a lucrative and fast-growing beverage segment.

The Food and Drug Administration said it will consider asking companies to disclose the amount of caffeine in food products, as well as imposing limitations on the products’ use and warnings about possible side effects. That comes in the wake of an investigation into five deaths that could be linked with Monster Beverage’s energy drinks, and 13 deaths that could be tied to 5-Hour Energy, the popular energy shots.

Bill Pecoriello, CEO of Consumer Edge Research, said roughly 65% of all teens and adults are aware of the recent news surrounding deaths that could be linked to energy drinks. Seventy-nine percent of those who are aware of the reports say they believe or somewhat believe them.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

8 years ago

November 24, 2016

Managing Editor

JSE Online Trading Platform

Published

8 years ago

November 24, 2016

Managing Editor

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

8 years ago

July 11, 2016

BusinesSuiteOnline

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

UK Loses S&P Triple A Rating

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.