ROAR Scores $10M, Puig Surpasses €4B in Sales 📈

Author

CPG WIRE
March 09, 2024

GM and Happy Saturday, folks. Thursday & Friday were pretty sluggish news days so today’s newsletter is a brief one. Here’s a quick preview of what we’re covering:

  • Hari Mari raises $10M 🩴

  • The Rock launches Papatui 🧼

  • La Colombe packaging refresh 😍

  • immi launches cup noodles 🍜

  • Everhop heads to Whole Foods 🍻

If you’re going to be at Expo West next week and want to connect, feel free to shoot me an email or a DM on Twitter or Instagram.

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Deals 💰

Mergers & Acquisitions 

  • Fast-growing personal care brand Harry’s has confidentially filed to go public in the U.S. The company is approaching $1B in revenue and is reportedly profitable. In addition to its namesake brand, Harry’s quietly owns & operates a number of other brands like Lume, Mando, Flamingo, and Cat Person. Reuters

Fundraising

  • Hydration brand ROAR Organic secured a $10M investment from Factory LLC, an existing investor. ROAR was founded by Roly Nesi and retails at Albertsons, Kroger, Natural Grocers, Sprouts, and Whole Foods Market. Per the company, ROAR ended 2023 as the #1 Flavored Non-Carbonated Water & Sports Drink brand in the natural channel. PR Newswire

  • Dallas-based casual footwear brand Hari Mari raised $10M in growth equity funding. The round was led by financial services entrepreneur and Riveron co-founder Landon Smith. PR Newswire

What’s New 🤩

Apparel, Cosmetics, and Wellness

  • Popular fashion label Acne Studios will launch its first fragrance on April 17th. The product was developed with renowned fragrance house Frederic Malle. WWD

  • Dwayne ‘The Rock’ Johnson is expanding into men’s personal care with the launch of Papatui. The collection is currently available online and will debut at Target later this month. People

  • Aussie scalp care brand Straand unveiled a new pre-wash gel treatment called Halo Hydrator. Instagram

  • Entrepreneur Danielle Sobel has launched a new hormonal wellness brand called Turn Health. Its first product is called the Birth Control Cleanse and costs $60. Beauty Independent

Food, Beverage, and Alcohol

  • La Colombe just refreshed their draft latte line and they did a fantastic job. A vast improvement IMO 👇 Twitter

  • High protein, low carb ramen brand immi just launched a new line of cup noodles. Each cup contains 18g of protein, 10g of fiber, and only 8g of net carbs. The packaging looks killer, too. Instagram

  • Super Coffee introduced two of its SKUs in 32 oz. multi-serve bottles. Available on Amazon and at select grocers. Instagram

  • Pop & Bottle also launched three of its organic cold brew products in 48 oz. multi-serve bottles which are available at select Target stores nationwide. Dairy Foods

  • BFY mac & cheese brand Goodles launched another new flavor — Bling Bling Bac’n. Love the packaging. Instagram

  • Fishwife and Fly By Jing collaborated on another product — Smoked Salmon with Sweet & Spicy Zhong. It’s a beauty. Fishwife

  • Gut-friendly beverage brand Wildwonder launched a new Raspberry Lychee flavor. TrendHunter

  • The Kraft Heinz Not Company has released plant-based hot dogs and sausages under the Oscar Meyer brand. The three plant-based SKUs will begin hitting shelves later this year. Business Wire

Data 🖥️

  • Spanish beauty & fashion firm Puig had an impressive 2023. Net revenue increased 19% to €4.3B while EBITDA was up 33% compared to 2022. Rabanne sales reached €1B and APAC sales jumped 26%. The Industry

  • Q4 sales at Black Rifle Coffee were up 28% to $119.7M while their net loss narrowed to $14M (compared to $20M for Q4 2022). Twitter

Distribution News 🚚

  • Sparkling hop water brand Everhop is now available at Whole Foods Market in New York & New Jersey.

  • Oura Ring launched on Amazon.

  • Chubby Snacks also launched on Amazon.

  • Sauz launched at Whole Foods Market in CA, AZ, NV, and HI.

  • Super Coffee launched at c-store chain QuikTrip.

  • New Zealand-based BFY soda brand Sidekick launched at Erewhon.