Strong Q1 for Golden Goose, Richard's Rainwater Rebrands 💦

GM and Happy Tuesday, folks. There’s no Big Story this morning but we still have lots of exciting CPG headlines to dive into:

• Privé Revaux heads to Walmart 😎

• Some pickle M&A 🥒

• Richard’s Rainwater rebrands 💦

• Confectionery from Chamberlain Coffee 🍬 

• DEUX launches new product 🍩 

Deals 💰

Mergers & Acquisitions 

• Patriot Pickle, a New Jersey-based manufacturer of high-quality pickle products that’s owned by Swander Pace Capital, acquired First Place Foods, a Garland, TX producer of pickled vegetables. Business Wire

• US-based Timex Group acquired Indian watch brand and retailer Just Watches for an undisclosed sum. Just Watches stores will become part of Timex India. The Economic Times

Fundraising

• All Y’Alls Foods, a Texas-based producer of plant-based jerky made from non-GMO soybeans, secured its first investor for its $1m SAFE. The investor is Dr. Rizwan H. Bukhari who also joins the company as a Medical Adviser. Food Business News

• BASBAS, a premium hierbas brand, is launching a $2m equity fundraise. Hierbas is a low-ABV Spanish liqueur produced from a variety of herbs. BASBAS was founded by Paul Geller. BevNET

What’s New 🤩

Apparel, Cosmetics, and Wellness

• British apparel brand A-COLD-WALL* collaborated with Dr. Martens on a new footwear collection. ACW’s store in Shanghai is pretty impressive. The Industry

• SIMIHAZE BEAUTY founders Simi & Haze Khadra discuss their global retail expansion and what’s next for the brand. Vogue Business

• Clean beauty retailer Credo Beauty’s top products for April. WWD

• Self-tanning brand Isle of Paradise launched their body care line yesterday. Available exclusively at Sephora. They launched a cleanser, moisturizer, and body polish. Sephora

• Singer John Legend’s skincare brand Loved01 introduced the Face + Body Moisturizer. Beauty Packaging

Food, Beverage, and Alcohol

• DEUX, the better-for-you snack brand that produces healthier versions of sweets like cookie dough and donuts, launched its latest product — Chocolate Glaze Donut Holes. DEUX’s branding is terrific. Twitter

• Brooklyn Brewery collaborated with London-based Brewgooder on a beer made from fonio, a West African super grain. The fonio was sourced by the talented folks at Yolele Foods. Instagram 

• Scottish single malt whisky producer Kilchoman has received permission to build a rum distillery in Barbados. Kilchoman acquired nine acres of land and the derelict Bentley Mansion in 2021. The mansion has incredible bones. The Spirits Business

• Austin-based Richard’s Rainwater unveiled a colorful brand refresh. It’s not bad but I personally prefer the earlier iteration. Instagram

• Better-for-you snack brand Awakened Foods launched an exciting new product line — Ancient Grain Pops. Their Pops line is corn free and gluten free. Great branding. Twitter

• Casa Azul Tequila introduced a new tequila soda flavor, Grapefruit. PR Newswire 

• Chamberlain Coffee expanded into confectionery with the launch of Mango Matcha Gummies. They recently launched their ready-to-drink lattes at Walmart too. Impressive company. Twitter

• Dos Hombres, the mezcal brand founded by Aaron Paul and Bryan Cranston, will open a cocktail and culinary pop-up at the Four Seasons Resort Maui. Love it. PR Newswire

• Athletic Brewing collaborated with Netflix’s The Witcher on a limited edition non-alc beer — Geralt’s Gold. Athletic Brewing

Data 🖥️

• Italian luxury sneaker brand Golden Goose had yet another good quarter. In Q1 sales jumped 20% to €133.3m. Golden Goose has been on a roll lately. In 2022 they crossed €500m in revenue, a 30% YoY surge. Drapers

• Apparel brand INDOCHINO increased EBITDA in Q1 by 35%. PR Newswire

Distribution News 🚚

• Affordable eyewear brand Privé Revaux launched an exclusive collection at Walmart. Eyewear conglomerate Safilo Group acquired the company in 2020.

• MUSH launched its Maple Cinnamon and PB&J flavors exclusively at Target.

• Global-inspired ice cream brand Marco launched at The Fresh Market.

• Candela Mamajuana Spiced Rum is now available at Publix Liquors.