Traditional recipes

Antique Tea Sells for More Than $1.2 Million

Antique Tea Sells for More Than $1.2 Million

Qing dynasty tea brick sold at auction

Wikimedia/T.Voekler

A Qing dynasty brick of compressed tea sold at auction for more than $1.2 million.

Tea can range wildly in price, depending on flavor, variety, and quality. Some high-end teas are very expensive, but none come close to an antique tea brick that sold recently at auction for more than $1 million, and the buyer says he thinks he got a deal.

According to Want China Times, the compressed "cake" of tea was produced during the Qing dynasty (1644-1912), China’s last dynastic period, and sold at auction earlier this month for 7.6 million yuan ($1.24 million). The buyer insists the tea brick is worth even more than that, and says it could have gone for 8 million yuan ($1.3 million).

Tea bricks are made by pressing hundreds of layers of whole or finely ground tea leaves that have been packed into molds and pressed into bricks and allowed to ferment under controlled conditions. Tea bricks were the most commonly used kind of tea in China before the Ming dynasty (1368-1644), and while they’re comparatively less popular today, fermented tea bricks have seen a distinct increase in popularity recently.

Wang Qing of the China Tea Marketing Association said the fermented tea sales have been booming in China lately, but the increased demand has made the quality of tea on the market inconsistent. High-quality tea bricks improve with age, which makes them appealing to collectors and tea snobs. But it’s virtually impossible for a neophyte to tell the difference between tea grades, he said, and a lot of young, lower-quality teas are being passed off as the good stuff.


Burger King

You lucky devil. You just found recipes for all your favorite famous foods! Bestselling author and TV Host Todd Wilbur shows you how to easily duplicate the taste of iconic dishes and treats at home for less money than eating out. Todd’s recipes are easy to follow and fun to make! Find your favorite copycat recipes from Burger King here. New recipes added every week.

  • American Coney Island
  • Applebee's
  • Arby's
  • Auntie Anne's
  • Bahama Breeze
  • Baja Fresh
  • Barney's Beanery
  • Baskin-Robbins
  • Benihana
  • Bennigan's
  • Big Boy
  • BJ's Restaurant & Brewhouse
  • Bob Evans
  • Bojangles'
  • Bonchon
  • Bonefish Grill
  • Boston Market
  • Buca di Beppo
  • Buffalo Wild Wings
  • Burger King
  • California Pizza Kitchen
  • Capital Grille
  • Carl's Jr.
  • Carnegie Deli
  • Carrabba's
  • Cheeseburger in Paradise
  • Cheesecake Factory
  • Cheddar's
  • Chevys
  • Chi-Chi's
  • Chick-fil-A
  • Chili's
  • Chipotle
  • Cinnabon
  • Claim Jumper
  • Coffee Bean and Tea Leaf
  • Cosmic Wings
  • Cracker Barrel
  • Dairy Queen
  • Del Taco
  • Denny's
  • Dive!
  • Domino's
  • DoubleTree
  • Dunkin' Donuts
  • Einstein Bros. Bagels
  • El Pollo Loco
  • Emeril's

The burger wars are on. Burger King stepped up first with this competitor of the Big Mac. Yes, it has two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun—although everything's arranged a big differently, and there's no middle bun. The beef patties are also bigger than those found on a Big Mac. The other big difference? The Big King weighs in with 12 grams more fat than Mickey D's signature product, for a grand total of 43 grams. Here's a clone that re-creates the "secret" burger spread from scratch and includes super-lean ground beef. Add it all up and you've got a gram-zapping clone that comes in at around one-third the fat of the real thing.

Nutrition Facts
Serving size–1 sandwich
Total servings–4
Calories per serving–562 (Original–660)
Fat per serving–15g (Original–43g)

Here's a clone for a sandwich that America's number-two burger chain introduced in 1990, and soon after the launch was selling over a million a day. This was the same year that Burger King switched from animal fat to vegetable oil to cook the fried items. But, even though the BK Broiler includes flame-broiled chicken, rather than fried, it still comes with 29 grams. A big part of that comes from the mayonnaise. So, by replacing the regular mayonnaise with fat-free mayo and by not adding any additional fats, we can produce a sandwich that will taste like a BK Broiler, yet have less than one-quarter of the fat and fewer calories.

Nutritional Facts
Serving size–1 sandwich
Total servings–4
Calories per serving–335 (Original–550)
Fat per serving–6g (Original–29g)

Burger King's Whopper was an instant hit when it was first introduced in 1957 at a measly 37 cents each. And in more than 9,500 outlets dotting the globe, you can still have the burger "your way"—which comes to over 1,000 different combinations. But by using fat-free mayonnaise and super-lean ground beef, you can still have a sandwich with the taste of Burger King's most popular burger, but with almost 75 percent less in the fat column.

Nutrition Facts
Serving size–1 sandwich
Total servings–1
Calories per serving–430 (Original–640)
Fat per serving–11g (Original–39g)


Red Hill cottage sells for more than $1 million at auction

A crumbling cottage careening towards collapse has fetched more than $1 million at auction after 30 registered bidders gave up their Friday night to battle it out for the two-bedroom Red Hill abode.

Boasting a rickety fence that’s a good gust away from being kindling, a leaky roof and a salmon facade that could make even the fiercest home-flipper flee, the heritage house at 10 Jay Street attracted hundreds of home hunters throughout its two-week campaign.

A Sydney buyer splashed a reserve-smashing $1,000,080 sight unseen to win the unpolished prize.

10 Jay Street, Red Hill QLD 4059

The jaw-dropping result comes hot on the heels of one of Brisbane’s strongest property quarters in decades, with selling agent Sonya Browne, of Ray White Paddington, saying the sheer level of interest in a home most cringed at showed the insatiable appetite for Brisbane properties.

“You couldn’t even rent this house out as it’s not structurally sound, so, the fact that we had so much interest tells me that there’s lots of buyers out there and not enough houses. It’s a bit of a frenzy right now,” Ms Browne said.

“And, this house just needed so much work. A lot looked at it and said it was just too much as it had a roof that needed replacing, the whole back deck had to come off, the fence was leaning and it was on a narrow street with nowhere to park,” she said.

10 Jay Street, Red Hill

“Yet people lined up (for it). At the auction I had five bidders on the phone, and, I think 10 people bid up to $800,000 and then it was down to four people until $1 million — and the reserve was $700,000.”

Ms Browne said the home, on a modest 417-square-metre block, is protected from being bulldozed and will require extensive renovations before it’s safe to occupy.

“A year ago people would have said ‘yeah-no’ [to a house like this]. But now they’re thinking ‘we’ll put our hand up’,” she said.

10 Jay Street, Red Hill

Across the city a reported 52 auctions were held at the weekend with 46 selling under the hammer to continue the Queensland capital’s hot auction streak and soaring clearance rates.

Almost $22 million in property was transacted and although the median sale price was a modest $766,000, more than a handful of homes fetched over $1 million.

Damon Warat, of Ray White Ascot, clocked one of the highest recorded sales on Saturday after he sold a dated brick abode in a top city pocket for almost $2 million.

Mr Warat said the four-bedroom, two-bathroom home at 49 Hipwood Road, Hamilton, had a reserve of $1.5 million, which was quickly smashed by the 13 bidders.

49 Hipwood Road, Hamilton QLD 4007

“We started at $1 million and it climbed pretty quickly to $1.6 million, then two bidders (both locals) battled it out to $1.96 million,” Mr Warat said.

“The owners were thrilled. They [the family] have owned it for over 120 years so they were very happy.”

Farther out of the city Glenn Bool, of Place Estate Agents Bulimba, sold a modest, three-bedroom brick home in the quiet suburb of Tingalpa for $603,000 – a price he said was at least $100,000 more than it would have fetched a year ago.

Perched on a 450-square-metre block at 59 Torquay Crescent, the property attracted seven registered bidders and a crowd of almost 50 before an investor forked out a reserve-smashing bid in a move Mr Bool said revealed just how hot the underrated city patch had become.

59 Torquay Crescent, Tingalpa QLD 4173

“This is an amazing result for the area. That would have sold for mid-to-high $400,000s 12 months ago. But we are seeing a big push into this part of Brisbane and that’s because buyers are priced out of places like Bulimba and Murarrie,” he said.

“People are saying they want to get as close to the city as possible and Tingalpa is that next suburb. We noticed this shift during COVID and then it (buyer activity) started to skyrocket. It’s now gaining momentum each week.

“While it’s hard to say what will happen going forward what I can say is we are not seeing on the coalface any sign of it slowing and that Belmont strip (including Tingalpa), it’s halfway between Moreton Bay and the city and it’s finally being recognised as a good place to live.”

During the auction Mr Bool said a first-home buyer and an investor came down to the wire with both battling it out through $1000 bids until the young home-hunter was forced to bow out.

On the other side of the city in Upper Mount Gravatt, Ray White Springwood agent Lindsay Battley sold 86 Zetland Street for $840,000, after 28 registered bidders flooded the auction. A young family secured the reserve-smashing winning bid.

86 Zetland Street, Upper Mount Gravatt QLD 4122

“My sellers were a 92-year-old couple who could not believe the result, and were quite emotional about how many people wanted to buy their home,” Mr Battley said.

“This home was a blank canvas, which meant it attracted a range of different buyers, particularly those entry level buyers. It is ripe for renovation and in a good pocket.”

Thanks for dropping by and seeing this news update about “What’s On in the City of Brisbane” titled “Red Hill cottage sells for more than $1 million at auction”. This post was brought to you by MyLocalPages Australia as part of our local and national events & news stories services.


Ten Most Consumed Foods in Nigeria

Nigeria is a highly populated country which has quite a number of ethnic groups which also translate to variations in cultural practices. Of particular interest for the purposes of this article is the culinary culture, traditional Nigerian food in the country and Africa. Despite differences in language and some dishes by region, there are numerous foods that are consumed by the majority of the Nigerian populace that will make you spend your Nigerian dollars. Therefore we seek to interact with the most consumed foods in Nigeria that are delicious and popular.

1. Garri (eba)

Garri is a household food in almost all Nigerian homes making it the most consumed dish in yhe whole of Nigeria. A popular joke in Nigeria goes, “Though Garri has no advert placement, yet, it sells more than other food products that advertise.”

The process of making garri after harvesting the cassava starts with peeling it followed by washing and grinding it. It is then drained of water, some starch and hydroponic acid before it is sieved and fried. When mixed with hot water it becomes ‘Eba’, and can be served with almost all kinds of stews and soups. Its one of the Most Consumed Foods in Nigeria, because It can also be eaten with beans or as a snack .

2. Pounded Yam

Pounded yam is one of Nigeria’s most popular dishes and can be served with different soups depending on household preferences. Soups that can accompany this dish are Egusi, Ogbono, Vegetable and Okro soup. Yam is boiled and pounded into a smooth mash.

Nigerians abroad depending on the availability of yam wherever they will be, substitute pounded yam using yam flour. However, this substitute does not taste like the original pounded yam. The Yoruba people are known to be fond of pounded yam but other Nigerian Ethnic groups like the Ibos consume it especially during occasions such as the celebration of new yam festival.

3. Egusi Soup

This soup is widely consumed in Nigeria and even foreigners know this soup popularised by Nigerian films. Egusi soup is prepared from melon seeds, red or any desired meat, seafood, fermented beans, a variety of green vegetables and onions. Egusi soup can be served as an accompaniment of Garri, Pounded yam and fufu.

4. Jollof Rice

This colourful delicacy is food to many West African Countries, not just Nigeria. Jollof is just ordinary rice prepared with tomato, onion and, pepper and other spices. It can be served with vegetables and desired meat, chicken or fish. Jollof rice is commonly served on (but not limited to) special occasions and at social events.

5. Efo Riro

This is a mix of pumpkin leaves and any kind of meat (for example chicken offals). Efo Riro is a Yoruba delicacy originating from Western NigeriaF. Green vegetables like water leaves or pumpkin leaves are used in preparing the stew, spinach, can also be added to the ingredients. This is a traditional meal that is highly nutritious and common in the whole of Nigeria.

6. Akara/Kosai

This is a bean cake simply fried in either palm or groundnut oil is another popular Nigerian delicacy. Its popularity in Nigeria is quite obvious as many Nigerians opt for it for their breakfast.

In the south, it is known as Akara while in the North it is called Kosai. It can be gotten very cheap from roadside food vendors and can also be prepared at home for family and friends. The beans are soaked to peel off the skin then ground to a mash that will be deep-fried. Another kind of Akara is made from grated water yam.

7. Suya

Suya is another popular dish in Nigeria that will give you an appreciation of the country’s exceptional culinary culture. It is usually eaten in the evenings, and it is prepared from fish or meat doused with spices and then barbecued on a skewer. Ginger, peanuts, pepper, dried onions and various stock flavors are some of the spices used.

8. Afang Soup

This soup is made from local Afang leaves, water leaves together with dried fish, meat and snails, as well as seasonings. Afang soup has its origins in South-southern Nigeria but now Its one of the Most Consumed Foods in Nigeria and borders in the country and even in other countries. To prepare this soup, one needs about about an hour to prepare, and often Afang soup is served with Pounded yam, fufu and Garri.

9. Moi Moi

Moi Moi is a Nigerian pudding made from steamed beans and it’s origins are in South West Nigeria. It can be made with egg, crayfish, corned beef, onions, and sardine to give it an added taste. Moi Moi can be served with other Nigerian dishes or eaten alone as a snack.

10. Tuwo Shinkafa

The name of this dish is a Hausa language translation meaning “Mashed Rice.” It’s the best accompaniment of many Northern soups and recipes such as Miyan Kuka, Miyan Karkashi and even Okra in many Hausa-speaking communities. It is usually served daily for lunch or dinner.

The most outstanding phenomenon about Nigeria’s most consumed foods is the fact that they are almost all indigenous dishes. Most Consumed Foods in Nigeria gives the country a well defined culinary culture.

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MKTG 367 final

A. respond with "analysis paralysis" and make no decision.

B. use heuristics to make a decision.

C. end up feeling dissatisfied with their choice.

D. blame themselves for making a bad choice.

A. increasing the number of product assortments.

B. selecting alternatives that have little meaningful differences.

C. subscription decision services such as e-tailer Stich Fix.

D. increasing the square footage in brick and mortar stores.

D. alternatives considered

A. consumers seek one optimal solution to a problem and choose on that basis

B. consumers have the skill and motivation to find the optimal choice

C. the optimal solution does not change as a function of situational factors such as time pressure, task definition, or competitive context

A. the knowledge of specific attributes at the time the choice is made

B. attribute-by-attribute comparisons across brands

A. the overall amount of energy devoted to any given purchase

B. the general nature of the outcome being sought

C. the conscious thinking of all decision processes

D. using nonfinancial criteria to make purchase decisions

A. Attitude-based choices require the knowledge of specific attributes at the time the choice is made.

B. The greater the motivation to make an optimal decision, the more likely an attitude-based choice will be made.

C. Motivation, information availability, and situational factors interact to determine the likelihood that attitude-based choices are made.

D. Consumers do not use attitude-based choices for important products.

B. tangible and intangible

A. which evaluative criteria are used by the consumer

B. how the consumer perceives the various alternatives on each criterion

C. the relative importance of each criterion

A. which evaluative criteria are used by the consumer

B. how the consumer perceives the various alternatives on each criterion

C. the relative importance of each criterion

A. conjoint analysis and factor analysis

B. factor analysis and regression analysis

C. regression analysis and perceptual mapping

D. projective techniques and perceptual mapping

C. semantic differential scale

A. how the position of brands changes in response to marketing efforts

B. how different brands are positioned according to evaluative criteria

C. how to position new brands using evaluative criteria

D. how consumers will trade one evaluative criteria for another

B. semantic differential scales

B. semantic differential scales

A. Telephone Consumer Protection Act

C. Federal Trade Commission Act

A. stimulus generalization

B. perceptual generalization

C. perceptual discrimination

A. the minimum amount that one brand can differ from another with the difference still being noticed

B. the maximum amount that one brand can differ from another without it being perceived as unreasonable by consumers

C. the ability of an individual to distinguish between distinctly different stimuli

D. the ability of an individual to distinguish between similar stimuli

A. discriminatory difference

C. just noticeable difference

A. Number of diapers per package was not important to consumers.

B. The reduction in the quantity did not reach the level of a just noticeable difference.

C. Price is more important than quantity to consumers.

D. Consumers are price conscious for this product category.

D. form conjoint alliances

D. There is not enough information to decide.

D. Compaq and Dell would be considered further.

D. Sony and Pioneer would be considered further.

D. Sony and Pioneer would be considered further.

B. a tie between Compaq and Dell

B. social media engagement.

C. push and pull technology.

A. Most future growth will come from new users.

B. Most future growth will come from existing buyers.

C. Annual growth in the number of Internet users is low.

C. computers and peripherals.

C. nontraditional shopping

D. nontraditional shopping

D. Original Traditionalists

D. Original Traditionalists

D. Original Traditionalists

D. Original Traditionalists

A. The Internet is a major influence on in-store sales.

B. Annual growth in online sales remains steady at 12 percent.

C. Research has shown that consumers shop online for reasons different from those for shopping from catalogs.

D. Catalogs and the Internet appear to work in a complementary fashion.

A. Upscale Clicks and Bricks

A. Upscale Clicks and Bricks

A. Upscale Clicks and Bricks

A. design appropriate landing pages

A. direct control through "opt-in" features.

B. the use of privacy statements.

C. signaling the firm's investment in the website.

A. Roughly 70 percent of all shopping carts consumers start are abandoned before purchase.

B. Those who abandon carts cannot be reengaged.

C. Even with targeted e-mail campaigns, 90 percent of abandoned carts will stay that way.

D. Marketers see opportunities to turn abandoned carts into sales.

C. poorly informed salespeople

C. poorly informed salespeople

B. online privacy concerns

A. don't ask for information

C. search engine optimization

A. rely on mobile and mobile shopping apps

D. outlet location and size

D. outlet location and size

A. quality, selection, style, and price

B. layaway plan, sales personnel, easy return, credit, and delivery

D. congeniality, fun, excitement, and comfort

A. good product offers and information, value, aligned with interests

B. fun, attractive, pleasant to browse

C. easy to use and navigate, flexible site

D. reputation, information safety and security

B. low quality, but at a low price

C. high quality at a high price

D. high quality at a reasonable price

A. How large a discount should be used?

B. Should a reference price be used?

C. What verbal statements should be used?

D. What is the cost of the item compared to the total media cost?

B. external reference price

C. private reference price

B. external reference price

C. perceptual reference price

D. internal reference price

B. historical reference price

C. private reference price

D. internal reference price

B. external reference price

C. internal reference price

D. private reference price

A. not show the regular price

B. show the dollar savings but not the percentage savings

C. show the percentage savings but not the dollar savings

D. show both the dollar savings and the percentage savings

A. external reference prices over internal reference prices

B. dollar savings over percentage savings

C. percentage savings over dollar savings

D. larger retail outlets over smaller outlets

A. retail gravitation model

B. retail dispersion model

C. retail composition model

A. retail multiattribute model

B. retail attraction model

C. retail attribution model

D. retail geographic model

A. retail multiattribute model

B. retail gravitation model

C. retail attribution model

D. retail geographic model

A. Their shopping styles are situation-specific or constantly changing.

B. They look for the best deals at the lowest prices.

C. They shop to get what they want in the least amount of time.

D. They enjoy the recreational and social aspects of shopping.

A. point-of-purchase materials

D. generally planned and substitute

B. retail price promo signs

C. shelf talker, dangler, etc.

A. customer characteristics

C. postpurchase dissonance

A. All consumer purchase decisions are followed by postpurchase dissonance of some sort.

B. The importance of the decision to the consumer is one factor that influences the probability and magnitude of postpurchase dissonance.

C. The individual's tendency to experience anxiety is not related to postpurchase dissonance.

D. The easier it is to alter the decision, the more likely postpurchase dissonance will be.

A. the degree of commitment or irrevocability of the decision

B. the importance of the decision to the consumer

C. the difficulty of choosing among the alternatives

D. the individual's tendency to experience anxiety

C. postpurchase dissonance

A. increase the desirability of the brand purchased

B. decrease the desirability of rejected alternatives

C. decrease the importance of the purchase decision

D. reverse the purchase decision (return the product before use)

B. postpurchase dissonance

A. increasing the desirability of the brand purchased

B. decreasing the desirability of rejected alternatives

C. decreasing the importance of the purchase decision

D. reversing the purchase decision

D. postpurchase dissonance

D. postpurchase dissonance

A. counterfactual thinking

A. counterfactual thinking

B. competition requires it

C. to be able to promote secondary uses

D. stringent product liability laws

D. counterfactual thinking

B. use it for original purpose

D. use it for a new purpose

A. For most durable goods, consumers are reluctant to purchase a new item until they have "gotten their money's worth" from the old one.

B. Disposition sometimes must occur before acquisition of a replacement because of space or financial limitations.

C. Frequent decisions by consumer to sell, trade, or give away used products results in a large used-product market that can reduce the market for new products.

D. The United States is a completely throwaway society, and consumers are willing to purchase new products without concern for waste.


Sure Dividend

Updated on June 19th, 2020 by Bob Ciura

Did you know PepsiCo (PEP) now generates more profit from its food brands than from its beverage brands? In 2019, food products represented 54% of PepsiCo’s total revenue. The biggest reason for PepsiCo’s emerging foods portfolio is the acquisition of Frito-Lay in 1965.

Since that time, the Frito-Lay brands have realized tremendous growth. PepsiCo’s strategy of building both drink and food brands has paid dividends for shareholders, literally and figuratively.

PepsiCo has increased its dividend payments for 48 consecutive years. This makes PepsiCo one of 66 Dividend Aristocrats – S&P 500 stocks with 25+ years of rising dividend payments each year.

You can download the full Dividend Aristocrats list (with important financial metrics like dividend yields and price-to-earnings ratios) by clicking on the link below:

The stock currently has an above-average dividend yield of 3.2%. PepsiCo has grown its revenue and earnings-per-share for decades, which has allowed it to continue increasing its dividend each year.

Of course, its brand portfolio is the reason for its long history of growth. The company now has 23 individual brands that each generate $1 billion or more in annual sales.

This article will take a closer look at each of PepsiCo’s billion-dollar brands.

Table of Contents

You can instantly jump to any specific section of the article by clicking on the links below:

PepsiCo’s 23 Billion-Dollar Brands

The image below shows PepsiCo’s 23 brands with over $1 billion in sales in the last 12 months:

PepsiCo has 16 billion-dollar beverage brands and 7 billion-dollar food brands. Of PepsiCo’s 16 billion dollar beverage brands, 10 are carbonated (called sparkling) and 6 are non-carbonated (called still).

* Lipton and Starbucks RTD Beverages are partnerships with Unilever (UL) and Starbucks (SBUX), respectively. Dr. Pepper/Snapple (DPS) owns the United States rights to 7 Up while PepsiCo owns the rights outside North America.

Despite PepsiCo’s name, the company sells much more than carbonated beverages. In fact, only 10 of the company’s 22 billion dollar brands are carbonated. PepsiCo long ago recognized the growth of still beverages over sparkling beverages. Even within the sparkling beverages category, PepsiCo has looked for growth outside soda, such as the $3.2 billion acquisition of SodaStream in 2015.

PepsiCo’s snacks portfolio is second-to-none. The company dominates the snacks category – especially in the United States. In addition to its 7 billion-dollar chip brands, PepsiCo also owns the Quaker food brand.

All 23 of PepsiCo’s billion dollar brands are analyzed in detail below. Still brands are analyzed first, followed by sparkling brands, and then the company’s food brands.

Gatorade

Gatorade was originally formulated in 1965 by a team of scientists led by Robert Cade at the University of Florida. In 1967, the University of Florida won the Orange Bowl which garnered publicity for Gatorade. Shortly after the Orange Bowl, Cade entered into an agreement with Stokley-Van Camp to manufacture and market Gatorade.

Quaker Oats purchased Stokley-Van Camp in 1983. In 2001, PepsiCo purchased Quaker Oats for $13.4 billion. Gatorade is the market leader in sports drinks by a wide margin. The brand has over 72% market share in the United States. The next closest competitor–Coca-Cola’s Powerade–holds just 16% market share in the United States.

The Gatorade brand has become so successful through advertising deals with large professional sports associations and players. Gatorade is the only beverage besides water that athletes can drink court-side at NBA games. PepsiCo is now the official food and beverage partner of the NBA.

Tropicana

Tropicana was founded in 1947 by Anthony Rossi. Rossi was an Italian immigrant to the United States. In 1954, Tropciana was one of the earliest adopters of flash pasteurization which allowed the company to sell not-from-concentrate, ready-to-drink orange juice.

Tropicana went public in 1969 and traded on the New York Stock Exchange. Beatrice Foods acquired Tropicana in 1978. The Seagram Company acquired the Tropicana brand from Beatrice Foods in 1988 for $1.2 billion. Seagram grew the Tropicana brand and expanded it internationally. PepsiCo acquired Tropicana in 1998 for $3.3 billion.

PepsiCo last released sales data for Tropicana in 2011. At that time, Tropicana generated about $6 billion a year in sales and was PepsiCo’s 5 th largest brand behind Gatorade, Mountain Dew, Lay’s, and Pepsi.

Today, Tropicana is the leader in the United States ready-to-drink orange juice market. The brand is losing ground to Coca-Cola’s Simply Orange brand, which is a billion dollar brand in its own right.

Aquafina

Both Tropicana and Gatorade were acquired by PepsiCo. Aquafina was developed in house. PepsiCo released Aquafina water in 1994 to compete in the bottled water market. PepsiCo had a 5-year head start on rival Coca-Cola’s Dasani brand which was released in 1999.

Aquafina water is municipal tap water that is filtered and purified using reverse osmosis, ultraviolet light, and ozone. PepsiCo has especially high margins on bottled water as it has very low input costs.

In 2014, Aquafina was the third-largest bottled water brand in the United States, behind Dasani and private-label brands. Aquafina is not sold only in the United States. It is an international brand with a global presence.

Lipton

PepsiCo does not own the Lipton brand outright. The company distributes and sells Lipton’s ready-to-drink beverages in a partnership with Unilever. PepsiCo entered into an agreement with Unilever to sell ready to drink Lipton brands in the United States in 1991.

The two companies entered into more agreements in 2003, 2007, and 2014 to sell ready-to-drink Lipton beverages in many international markets.

By 2011, Lipton ready-to-drink beverages has annual sales of over $2 billion. Today, Lipton ready-to-drink beverages are sold in over 100 markets around the world.

Brisk

Like the Lipton ready-to-drink beverages, the Brisk beverage band is a result of the PepsiCo-Unilever partnership. Brisk is a tea brand targeted toward younger consumers.

The brand reached over $1 billion in annual sales in 2012. Brisk increased the size of its cans and dropped its price to .99 to compete with Arizona Tea.

PepsiCo has 2 tea brands that generate $1 billion plus a year in sales. The tea industry is realizing solid growth as consumers slowly switch from sodas to ready-to-drink tea. The United States tea industry in particular grew from $2 billion in 1990 to $10 billion in 2014 – quadrupling in just under 25 years for a compound annual growth rate of 7%.

Starbucks RTD Beverages

PepsiCo has 6 billion dollar still beverage brands. Of those brands, 1 was developed in house (Aquafina), 2 were acquired (Tropicana and Gatorade), and 3 are the result of partnerships with other companies (Lipton, Brisk, and Starbucks RTD Beverages).

Starbucks and PepsiCo reached an agreement in 1994 to distribute ready-to-drink coffee drinks in North America. In 2007, the companies agreed to international distribution, starting with China. Starbucks also sells ready-to-drink beverages in South Korea, Japan, and Taiwan through an agreement not through PepsiCo.

When Starbucks and PepsiCo first partnered in 1994, the ready-to-drink coffee business generated just $60 million in the United States. Times have changed. By 2012, Starbucks RTD beverages were generating more than $1 billion a year in sales.

Pepsi

The Pepsi brand is PepsiCo’s namesake – it is also the company’s oldest brand.

Pepsi was first sold as ‘Brad’s Soda’ in 1893. The soda was developed by Caleb Bradham in New Bern, North Carolina. In 1898, he renamed his soda Pepsi Cola. Pepsi Cola gets its name from the digestive enzyme pepsin and the kola nut which was used in the recipe.

The Pepsi Cola Company grew until it began speculating on sugar prices. Sugar price speculation forced the company into bankruptcy in 1931.

The company’s brand and assets were purchased by Roy Megargel. Megargel was unsuccessful in reinvigorating the Pepsi brand. He sold to Charles Guth, the head of candy manufacturer Loft, Inc. Guth purchased Pepsi to sell in his stores instead of Coca Cola because Coca Cola would not give him a discount on syrup.

Guth grew the Pepsi brand, but Loft, Inc. struggled. Guth owned the Pepsi brand personally but had been using funds from Loft, Inc. to grow the brand. Loft, Inc. sued Guth for the Pepsi brand and eventually won.

Loft, Inc. changed its name to Pepsi-Cola company around 1940. From that time on, the Pepsi Company and Pepsi brand have realized tremendous growth. Today, Pepsi is PepsiCo’s most valuable brand. Pepsi is sold in over 200 countries and generates more than $20 billion a year in revenue.

Despite its success, Pepsi is only the third-most popular soda, behind Coca-Cola and Diet Coke.

Diet Pepsi

Diet Pepsi was the first diet cola distributed nationally in the United States. Diet Pepsi was first released in 1964. For comparison, Coca-Cola did not release Diet Coke until 1982, 18 years later.

By 2011, Diet Pepsi was generating over $5 billion a year in annual sales. The Diet Pepsi brand is PepsiCo’s 6 th largest brand based on revenue.

Today, Diet Pepsi has the 7th-highest soda market share in the United States.

Pepsi Max

Pepsi Max is PepsiCo’s diet offering for men. The traditional diet soda drinker is female. The word diet does not appeal to male consumers as much as female consumers. Pepsi Max is a zero-calorie diet drink that is marketed directly toward a male audience.

Pepsi Max was released in 1993 in the United Kingdom and Italy. The brand quickly spread internationally. Unlike the traditional Pepsi brand, Pepsi Max was introduced outside the United States.

Mountain Dew

Mountain Dew is PepsiCo’s second most popular beverage brand, behind only Pepsi. In 2011 (the last year Pepsi gave brand-based sales data), Mountain Dew had sales of around $7 billion. Today, Mountain Dew has the 4 th highest market share in the United States soda market, behind only Coca-Cola, Pepsi, and Diet Coke.

Mountain Dew was created in Tennessee in 1940 by Barney and Ally Hartman. Mountain Dew is now sold in many countries around the world. In some countries, Mountain Dew has no caffeine, while in other countries it has a high level of caffeine for a soda. In the United States, Mountain Dew has 55mg of caffeine, versus 38mg of caffeine for Pepsi.

Diet Mountain Dew

Diet Mountain Dew was first released in 1986 as ‘”Sugar Free Mountain Dew”. The brand was renamed Diet Mountain Dew in 1988. Diet Mountain Dew reached $1 billion in annual sales in 2011.

7 Up

Pepsi owns the international rights to 7 Up, not the rights to the company in the United States. 7 Up was invented by C.L. Grigg in 1929. Grigg worked for the Howdy Corporation, which also produced Howdy Orange drink. Interestingly, 7 Up contained the mood stabilizer Lithium Citrate until 1950.

The 7 Up brand has changed hands many times before being acquired by Pepsi. Westinghouse purchased the 7 Up brand in 1969. The brand was sold to cigarette giant Philip Morris in 1978.

Eight years later, Philip Morris sold the international rights to 7 Up to Pepsi for $246 million. Philip Morris sold the United States rights to 7 Up to an investment group. The United States/Canada rights are currently owned by Dr. Pepper/Snapple (DPS).

In 2011, Pepsi realized nearly $5 billion in annual sales from 7 Up. PepsiCo uses its excellent international distribution and marketing capabilities to sell 7 Up around the world.

Sierra Mist

Sierra Mist is PepsiCo’s answer to Sprite. Sierra Mist is a lemon-lime flavored soda. Since 2010, PepsiCo has opted to make Sierra Mist free of artificial sweeteners. The soda is sweetened with sugar and stevia.

The Sierra Mist name is oddly similar to the Mountain Dew name –with mist and dew having very similar meanings and Sierra being a mountain range.

Sierra Mist was introduced by PepsiCo in 1999. The Sierra Mist brand is one of PepsiCo’s ‘smaller’ billion dollar brands, generating a little over $1 billion a year in sales.

Mirinda

Mirinda is one of PepsiCo’s oldest beverage brands. The Mirinda brand was created in Spain in 1959. PepsiCo purchased Mirinda in 1970.

The Mirinida soda is available in a wide variety of fruit flavors. The most popular flavor by a wide margin is orange. Mirinda generates the bulk of its sales internationally. The brand is most popular in Europe and the Middle East.

The Mirinda brand’s closest competitor is Fanta. Fanta is owned by Coca-Cola and is also available in a wide variety of fruit flavors.

SodaStream

PepsiCo’s most recent addition to the billion-dollar brands list is SodaStream, which the company acquired in 2015 for $3.2 billion. The rationale for the acquisition is that PepsiCo is targeting the at-home sparkling beverage market, which is an emerging growth category.

SodaStream also represents PepsiCo’s attempt to generate growth from environmentally conscious consumers who may be concerned about the proliferation of plastic water bottles. According to the company, one SodaStream bottle is the equivalent of 3,070 disposable bottles.

According to PepsiCo’s 2019 annual report, SodaStream generated 20% net sales growth last year.

Lay’s

The Lay’s brand is PepsiCo’s second most valuable brand, behind only Pepsi cola. In 2017, Lay’s generated around $1.7 billion in annual sales, which amounted to just less than 30% of the potato chip market. The broader Frito-Lay segment accounted for approximately $16 billion in sales in 2017.

Lay’s was created in 1932 by salesman Herman Lay. Lay initially sold the chips out of the trunk of his car (presumably the FDA was not as harsh back then).

The Lay’s brand continued to grow over the next 3 decades. In 1961, Lay’s merged with Frito to create chip behemoth Frito-Lay. In 1965, PepsiCo and Frito-Lay merged to form PepsiCo.

Walkers

The Walkers brand is simply Lay’s repurposed for consumers in Ireland and the United Kingdom. As of 2011, Walkers was PepsiCo’s smallest billion dollar brand, generating just over $1 billion in annual revenue.

Doritos

The Doritos brand is PepsiCo’s second most valuable chip brand, behind only Lay’s. The Doritos brand got its start in an interesting location…

Doritos were invented at the Anaheim, California Disneyland. In 1964, The VP of marketing at Frito-Lay noticed how popular Doritos were at Disneyland. He made a deal with Disneyland’s food supplier, and the Doritos brand was taken outside of Disneyland.

The Doritos brand broke $1 billion in annual sales in the early 1990’s. The brand has grown its revenues at around 7.5% a year over the last 25 years.

Ruffles

Ruffles potato chips were first introduced in 1958. For many years, Ruffles slogan was “Ruffles have ridges”. The chips ridges help it to break less in bags, have a more satisfying crunch, and carry more dip.

The Ruffles brand generated about $2.5 billion in sales in 2011 (the last year sales data for individual brands was released by PepsiCo). The Ruffles brand is significantly smaller than PepsiCo’s flagship Lay’s potato chip brand.

Fritos

Fritos are deep fried corn chips. The Fritos brand was created in 1932 by Charles Elmer Doolin. Doolin found a vendor in San Antonio selling deep fried corn snacks. He purchased the recipe from the vendor and then perfected it with the help of his mother in her kitchen.

The Frito brand grew rapidly over the next several decades. In 1961, Frito Corporation merged with Lays to create Frito-Lay. Today, the Frito brand generates over $1 billion a year in sales.

Cheetos

Fritos is not the only billion dollar brand Charles Elmer Doolin created. He also created Cheetos in 1948. Doolin’s company did not have the scale to do a national product launch of Cheetos, so he partered with Lay’s. The success of Cheetos in the following years is what lead to the merger between the Frito and Lay corporations.

Cheetos is sold around the world in a variety of flavors. PepsiCo tailors the product’s flavor to local tastes. In 2011, the Cheetos brand had sales of around $2.5 billion a year.

Tostitos

The Tostitos brand was released by PepsiCo in 1978. The Tostitos brand is a more authentic take on Mexican chips.

The Tostitos brand generates close to $2 billion a year in sales. Tostitos Scoops are a popular spin-off product of the brand. Tostitos Scoops are bowl-shaped chips that help to scoop more dip with each chip.

Quaker

The Quaker brand is different from PepsiCo’s other billion dollar brands. PepsiCo’s other billion dollar food brands are all chips. Quaker, on the other hand, sells a variety of packaged food products.

Quaker Oats is PepsiCo’s second oldest brand – only behind Pepsi cola. Quaker Oats was formed in 1991 from the merger of 4 oat mills.

PepsiCo purchased Quaker Oats for $13.4 billion in 2001. PepsiCo’s rational for the purchase was to obtain the Gatorade brand, which Quaker Oats had acquired in 1983. The strategic rationale for keeping the Quaker brand is the brand’s ‘health conscious’ image which balances out the ‘not so healthy’ Frito-Lay snacks.

PepsiCo Valuation

Based on our expected adjusted EPS of $5.64 per share in 2020, PepsiCo’s price-to-earnings ratio is hovering around 23 to 24, slightly above the S&P 500’s price-to-earnings ratio.

PepsiCo is likely trading above fair value, as its 10-year average P/E ratio is approximately 19. That said, premium businesses typically command premium valuations in the stock market, given the company’s portfolio of high quality brands and solid growth prospects.

PepsiCo generates a majority of revenue from its food brands. Despite being named after a soda, PepsiCo’s value comes more from its Frito-Lay products than its drink products.

PepsiCo’s Growth Prospects

PepsiCo continues to perform well on a fundamental basis. On 4/28/2020, PepsiCo reported earnings results for the first quarter. Adjusted earnings-per-share increased 10.3% to $1.07, .04 ahead of estimates. Revenue increased 7.7% to $13.9 billion, $680 million higher than expected. Organic growth was 7.9% for the quarter.

Every business segment and region had at least mid-single-digit organic growth. Food and snacks had 5.5% organic volume growth while beverages added 6%. PepsiCo Beverages North America was higher by 6%, the seventh consecutive quarter of growth for this segment. The impact of COVID-19 negatively impacted the away-from-home sales, but pantry stockpiling more than made up for this.

Frito-Lay North America reported a very solid 7% growth rate for the most recent quarter. Quaker Foods North America, which has been a headwind for PepsiCo over the past few years, also had 7% organic growth. This segment benefited from more consumption at home as consumers stayed home related to COVID-19. The company stated that organic growth was higher than expected due to consumers purchasing items ahead of stay-at-home orders.

PepsiCo grew earnings at a rate of 4.2% per year from 2010-2017. Due to company’s organic growth guidance, we have increased our expected earnings-per-share growth to 5.5% from 4% through 2025. PepsiCo‘s growth over this time period will accrue from sales growth and share repurchases.

Final Thoughts

PepsiCo is a favorite of dividend growth stocks, thanks to its solid dividend yield and long history of dividend raises. We consider PepsiCo to be one of the blue chip stocks list thanks to its better-than-average growth prospects, solid 3% dividend yield, and stability.

PepsiCo’s portfolio of high quality brands in the slow changing food and beverage industry makes the company extremely stable. PepsiCo’s size and advertising strength will very likely see the company add more billion dollar brands in the future.


The 25 Most Innovative Consumer And Retail Brands

Our objective in creating the CircleUp25 was to honor 25 companies that are starting to change the way we live our lives—companies that influence what we eat, what we wear, and what we use every day of our lives. They are companies that lead us to decide where and how we shop. They are the most innovative consumer and retail brands that exist. In short, they are innovative businesses that go far beyond our local farmers’ markets—they are re-inventing industries. In an effort to avoid any appearance of partiality, as mentioned in our prior post announcing the CircleUp25, we have excluded from consideration any company that has worked with our equity crowdfunding site in an official capacity.

So what did we do to select the top 25 most innovative consumer and retail companies? We first spoke to experts in the field, including some of the best private equity firms in the world who focus on consumer and retail. Then we talked with major strategics, polling internal innovation teams at the most successful public consumer and retail companies. We also talked with entrepreneurs, third-party data providers and industry participants. From our panel of experts we received over 200 nominations. Then we also wanted to hear from consumers. We received almost two thousand nominations from consumers and fans through Facebook and Twitter (#CircleUp25).

Disclosure: Through Encore Consumer Capital, I am an investor in Zuke’s. Despite that, it is on this list because industry experts and fans nominated it independently.

Here are the honorees, in no particular order. Each company is innovative in its own way.

Gallery: The 25 Most Creative Consumer And Retail Brands

David’s Tea Inc., Montreal, Quebec

    Why? For reminding us why tea is the most popular prepared beverage in the world. And for making tradition even more popular, today.

The Experts Agree: David’s Tea won the 2012 Tea Blogger’s Choice Awards in the Herb Blend and Single Herb categories.

Tieks by Gavrieli, Los Angeles, CA

  • Why? For reinventing the ballet flat with their high-quality portable and fashionable shoes.
  • Who Did It? Kfir Gavrieli, Dikla Gavrieli, Elram Gavrieli and Dean Unatin.
  • What They Have Built: Ballet flats that land as beautifully as they fly.
  • Reinvented: Making a better ballet flat required reinventing the shoe-making process. Each pair of Tieks is handmade from carefully selected leather. In total, the process takes 3 days and over 150 steps.

Who Has Noticed? Tieks’ shoes have been featured on Oprah’s O! List. Travel & Leisure touts them as the leading travel shoe.

Warby Parker, New York, NY

  • Why? For transforming the designer eyewear market.
  • Who Did It? Wharton MBA classmates Neil Blumenthal, Andrew Hunt, David Gilboa, and Jeffrey Raider
  • What They Have Built: In addition to a booming online business, Warby Parker opened six new showrooms in 2012.
  • Online Optics: Before Warby Parker launched, it was estimated that less than 1% of eyeglasses were being sold online. Warby Parker, by allowing customers to try on glasses before purchasing them, brought the benefits of the in-store shopping experience onto the internet and into customers’ homes.

Phone a Friend: 50% of people who visit the company's website heard about Warby Parker from a friend. In consumer there are few better measures of success than referrals.

Back to the Roots, Berkeley, CA

  • Why? For their revolutionary approach to sustainable, grow-at-home products.
  • Who Did It? Alejandro Velez and Nikhil Arora during their last semester at UC Berkeley in 2009.
  • What They Have Built: Back to the Roots mushroom kits are sold in 1,200+ retailers nationwide. In 2012 the company started offering The Aqua Farm, a self-cleaning fish tank that also grows plants.
  • By The Numbers: In 2011, Back to the Roots helped consumers grow 250,000 lbs. of fresh mushrooms.

Who Has Noticed? In 2010, the founders were named among BusinessWeek’s Top 25 Social Entrepreneurs. In 2012 the company received the industry’s most coveted honor as a sofi TM Gold Winner. It was also voted a Top 10 Green Company by GreenDeals.

Beyond Meat, Inc., Manhattan Beach, CA

  • Why? For developing the first plant protein that looks, feels, tastes and acts like meat.
  • Who Did It? Founder Ethan Brown, inspired by his dad’s dairy farm, has focused on clean energy while collaborating extensively with food scientists to develop his products.
  • What They Have Built: Founded in 2009, Beyond Meat’s first product, Chicken-Free Strips, was rolled out in Whole Foods Market in 2012. The company now offers a wide variety of products distributed nationally. They also recently entered into a partnership with the Tropical Smoothie Café.
  • Thinking Big: With a high-quality product, Beyond Meat is positioned to expand beyond the vegetarian and health food markets in which fake meat products have traditionally appeared. The founders are pushing to have the products sold in butcher cases worldwide.

Making a Splash: Beyond Meat has been named one of CNN Tech's 10 Startups to Watch, was a 2012 Finalist for the INDEX Design to Improve Life Award and was VegNews Magazine’s 2012 Rookie of the Year

Boa Technology Inc., Denver, CO

  • Why? For creating the Boa Closure System.
  • Who Did It? Founder Gary Hammerslag, after a Colorado winter exposed him to the shortcomings of traditional laces on snowboard boots and hockey skates.
  • What They Have Built: There are an estimated 25 million Boa-powered products worldwide, spanning the sport, medical and work categories.
  • Feet First: Boa expanded its applications beyond footwear in the late 2000s and is now featured in products like medical braces and high-performance gloves.
  • The Athlete’s Foot: 70+ Tour de France riders have worn Boa products. Renowned endurance athlete Dean Karnazes completed 50 marathons in 50 days wearing only Boa. The Boa Snowboard Team features some of the sport’s youngest stars rocking the Boa Closure System.

Chobani, Inc., New Berlin, NY

  • Why? For making great tasting, high-quality, natural yogurt.
  • Who Did It? Cheesemaker Hamdi Ulukaya, following his instincts after stumbling upon an ad for a recently-closed yogurt plant.
  • What They Have Built: In five years, Ulukaya turned a $1 million Small Business Association loan into a company with $1 billion in annual revenue.
  • At the Top: Chobani is America’s #1 Greek Yogurt and controls 47% of the US Greek Yogurt market with more than twice the market share of the Number 2 brand.

Awards Abound: Chobani won the U.S. Small Business Administration’s National Entrepreneurial Success of the Year Award for 2012 and Rabobank’s, 2012 North America Innovation in Leadership award. Ulukaya was a 2009 Forbes 40 Under 40 Honoree and was recently named Ernst & Young’s 2013 World Entrepreneur of the Year.

Dollar Shave Club Inc.,Santa Monica, CA

  • Why? For saving time and money with their subscription-based razors and bathroom products.
  • Who Did It? Mark Levine and Michael Dubin, frustrated with the existing options.
  • What They Have Built: A base of 200,000+ paying customers that should produce more than $10 million in sales, a year after launching.
  • What is Next? Expansion into additional men's grooming products. Aside from razors, Dollar Shave Club currently offers shave butter and moist wipes.

Audacious Advertisers: 12,000 people reportedly signed up for the service within 48 hours of the company’s release of “Our Blades Are F***ing Great” on YouTube. The video has been viewed over 10 million times and won Best Out-of-Nowhere Video Campaign at the 2012 AdAge Viral Video Awards.

KeVita® Inc., Ventura, CA

  • Why? For providing health-seeking consumers with a delicious, vitalizing, probiotic drink.
  • Who Did It? Bill Moses and Chakra Earthsong Levy
  • What They Have Built: KeVita’s organic, non-GMO, gluten free, vegan sparkling probiotic drinks are available in more than 3,500 stores nationwide.
  • Probiotic Punch: Each of the company’s ten flavors has more probiotics than kombucha or yogurt.
  • Just The Beginning: At the end of 2012, KeVita’s was on track to grow its revenue 100% on a year over year basis including 35% year over year same store sales growth.

KIND LLC, New York, NY

  • Why? For their all-natural, whole nut and fruit bars made from ingredients you can see and pronounce.
  • Who Did It? Social entrepreneur Daniel Lubetzky, who was one of TIME Magazine’s 2009 25 Responsibility Pioneers and has been named one of BusinessWeek’s Most Promising Social Entrepreneurs.
  • What They Have Built: Kind’s retail distribution has grown from 1,000 doors in 2004 to 80,000 doors in 2013.
  • Perfecting Packaging: Kind’s clear packaging, exposing whole, natural ingredients helped it disrupt the industry when it first appeared on shelves in 2004.

Awarded: KIND has won numerous prestigious awards from experts in health, food and social responsibility.

Krave Pure Foods, Inc., Sonoma, CA

  • Why? For making beef jerky good. Finally. Really good.
  • Who Did it? Jonathan Sebastiani, one of a long line of wine makers, while training for a marathon.
  • What They Have Built: Krave started as a business plan for one of Sebastiani’s MBA classes. Today, Krave is sold in more than 6,000 retail outlets nationwide.

What is Next? In 2012, Sebastiani predicted that 2013 sales would top $10 million. He also reported that the company is experimenting with other products.

Philz Coffee Inc., San Francisco, CA

  • Why? For being the original one-cup-at-a-time brewer.
  • Who Did It? Phil Jaber experimented with coffee blends for 25 years before offering single-serving coffee in his corner grocery store.
  • What They Have Built: Following the success of its original location (Phil stopped selling groceries to focus on coffee), Philz’s quickly expanded and now operates 13 stores in the San Francisco Bay Area.
  • What Is next? Philz’s recently secured an eight-figure investment from Summit Partners to fuel expansion outside of the Bay Area.
  • On Not Seeking Space: Phil's son Jacob, the company’s CEO, reports never having approached landlords when seeking space for retail outlets. They all come to him.
  • Friended By Facebook: In 2011, Philz was invited to open an outlet on Facebook’s corporate campus. Philz’s beans are featured in Whole Foods and distributed to Google’s cafeterias.
  • Why? For cleaning up microwavable popcorn, inside and out.
  • Who Did It? Coulter and Kristy Lewis, looking for a better alternative for their son, Quinn.
  • What They Have Built: Quinn’s started from the outside by creating a bag that was grease-proof, compostable and free of chemical coatings. Then they filled them with better-for-you, better-tasting microwavable popcorn.
  • Who Has Noticed? Prevention Magazine just listed Quinn in their 100 Cleanest Packaged Foods Awards, and the popcorn was one of Natural Food Merchandiser’s 2012 Favorite Food and Beverage Products.

Popping Up Everywhere: Quinn popcorn offers 7 flavors and is sold in hundreds of stores nationwide.

Kensington & Sons, LLC, New York, NY

  • Why? For creating better-tasting, better-for-you, condiments.
  • Who Did It? Mark Ramadan and Scott Norton, initially from their dorm room at Brown.
  • What They Have Built: Sir Kensington’s now offers two types of ketchup and mayonnaise, made from natural ingredients distributed 1000+ retail stores across the country.
  • sofi TM ’s Choice: Kensington & Sons was a 2013 Finalist in sofi TM ’s Outstanding Shelf-Stable Foodservice Product category.

Forbes Foodies: Ramadan and Norton were recognized in “Forbes 30 under 30: Food and Wine”.

Breakthrough Products, Inc., Denver, CO

  • Why? For curing what ails us.
  • Who Did It? Jordan Eisenberg, having already started and sold two other companies and licensed a life-saving medical device invention.
  • What They Have Built: UrgentRX’s single-use, powder packs are sold in more than 2,500 stores nationwide. The company has plans to expand its retail presence to 20k-25k locations by the end of the year.
  • Literal Life Saver: Within days of being on the market, the product was recognized for saving the life of a heart attack victim at Vail Ski Resort

Beyond The Common Cold: Initially developed for heart attack victims, UrgentRX fast-acting powders provide relief for six ailments including headaches, aches and pains, allergies, heartburn and upset stomach.

Abe’s Market, Co., Chicago, IL

  • Why? For offering the online marketplace natural, organic and eco-friendly products. And for providing stories connecting the people who make products to their consumers.
  • Who Did It? Friends and natural product enthusiasts Richard Demb and Jon Polin. Demb was an investment banker before he founded Dale and Thomas Popcorn (Popcorn Indiana). Polin is a veteran brand manager who ran campaigns for Capital One and Clorox.
  • What They Have Built: An online platform that offers more products and brands than traditional brick and mortar retailers. Currently, Abe’s sells over 11,000 products on behalf of more than 1,000 vendors.

Active Expansion: In addition to expanding its online inventory, Abe’s recently launched Abe’s Services, which gives Chicago-based customers the opportunity to discover and book the city’s best healthy living services.

Curves International, Waco, TX

  • Why? For making fitness fun.
  • Who Did It? Gary and Diane Heavin
  • What They Have Built: The Guinness Book of World Records’ World’s Largest Fitness Center Franchise. It has locations more than 90 countries.
  • 30 minutes is all it takes: Millions of members worldwide.
  • In 2011, Curves Topped CNBC’s list of 10 Ideas that made $100 million.

Fat Franchise: The Guinness Book of World Records lists Curves as The World's Largest Fitness Center Franchise. The company has topped numerous other franchise lists, including Entrepreneur Magazine’s and Franchise 500 and the American Association of Franchisees and Dealers.

Sprinkles Cupcakes, Beverly Hills, CA.

  • Why? For creating the cupcake craze.
  • Who Did It? Investment banker turned pastry chef Candace Nelson.
  • What They Have Built: Sprinkles has 12 locations in the US, operates the world’s first cupcake truck, and sells cupcake mixes at Williams-Sonoma.
  • Desert Domination: Sprinkle’s expanded beyond cupcakes in 2012 when it opened Sprinkles' Ice Cream outlets. The company has also opened locations in London, Tokyo and Kuwait.

KONG Co., Golden, CO

  • Why? Because it’s not just a toy, it’s a KONG.
  • Who Did It? Joe Markham invented the Kong in the 1970s, thinking his dog needed an alternative to chewing rocks. John Nelson and Joe have since helped build the business into a pet powerhouse.
  • What They Have Built: A company that has sold more than 50 million pet toys worldwide

Going global: KONG employs over 200 people in offices across the globe and boasts 360 products sold in 66 countries.

EVOL Foods, Boulder, CO

  • Why? For better burritos (and a lot more).
  • Who Did It? Brendan Synnott and Tom Spier, of Bear Naked Granola fame in collaboration with Phil Anson.
  • What They Have Built: EVOL just inked a deal with Target to distribute their products in 1,600 locations. EVOL products are now available in more than 10,000 stores across the country.
  • “Inc’d”: EVOL Foods was one of Inc.’s 5,000 Fastest Growing Companies, Top 100 Food and Beverage Companies and Top 100 Colorado Companies in 2012.

Freezer First: In January 2013 EVOL became the #1 Fastest growing brand in the frozen meat entree category

Zuke’s Treats, Durango, CO.

  • Why? For healthy hounds and chipper cats.
  • Who Did It? Patrick Meiering, upon realizing that pets need healthy, all-natural treats just like humans do.
  • What They Have Built: It started with the first-ever energy bar for dogs. Zuke’s now offers an extensive assortment of healthy pet treats.
  • Out in Front:Petfood Industry reports that organic pet food sales are growing faster than human organic food sales. Packaged Facts anticipates the U.S. pet supplements industry will be worth $2 billion by 2015.

Going Green: Zuke’s entire crunchy treat line is made in a production plant powered by 100% wind energy. The line has eco-friendly packaging and the company’s offices are powered by 100% green electricity

CytoSport (Muscle Milk), Benicia, CA.

  • Why? For wanting to pump us up. And making sports nutrition cool again.
  • Who Did It? Father and son team, Greg and Mike Pickett.
  • What They Have Built: The winner of the Small Company of the Year Award at the 16th annual Beverage Forum now manufactures a wide variety of sports-oriented nutritional products as well as ready-to-drink protein supplement, Muscle Milk.

Outmuscling the competition: Estimated sales of Muscle Milk products have exceeded $200 million annually in recent years, more than 7x sales of PepsiCo’s Gatorade Recovery.

Drybar Holdings LLC, Los Angeles, CA

  • Why? Because, let’s face it, it’s impossible to recreate that just-walked-out-of-the-salon look at home.
  • Who Did It? Alli Webb—mother, professional stylist and former public relation specialist.
  • What They Have Built: $20 million+ sales business with more than 20 salons in 6 states.
  • Mightier Margins: Drybar’s outlets reportedly net 15% - 35% versus 11% for regular salons.
  • Heating Up: Revenues increased more than 12x from 2010 to 2012 when they reached $19 million. They are hoping that 2013 revenue will be twice that.

She’s Number 1 (And Then Some) Drybar recently served up its 1,111,111 th blow dry.

Suja Juice, San Diego, CA

  • Why? Because not all juices are created equal.
  • Who Did It? Eric Ethans and Annie Lawless spurred by their passion to help people transform their lives through nutrition.
  • More than the doctor ordered: Suja's raw juice blends are cold pressed by hand. Each bottle has a whopping 2-3 pounds of fruits and veggies inside.

One Year Wonder: In less than a year, Suja grew from a home delivery business to being distributed in 11 of Whole Foods’ 11 national regions.

Sahale Snacks, Inc., Tukwila, WA

  • Why? Because on-the-go snacking has never been better.
  • Who Did It? Edmond Sanctis and Josh Schroete, long-time friends and former media mavens who hatched the plan while hiking up Mount Rainier.
  • Enduring Eats:In 2006 Sahale Snacks was the #1 best-selling natural trail mix in the U.S., a ranking it continues to hold today.
  • Salty sensations: Sahale’s Pomegranate Pistachios were just crowned the winner of Sweet & Snacks Expo’s Most Innovative New Product Award in the Salty Snacks category.

National Nuts: Sahale’s products are available in thousands of outlets nationwide. Retailers range from natural food and recreation stores to cafes, wine and gift stores, health clubs and spas.

CircleUp25 Fans Choice Award : There were a select few companies that clearly stood out as getting amazing support online. These are also companies that we currently do not have a formal relationship with here at CircleUp.

Tiesta Tea---Fan’s love this company’s all-natural, loose leaf tea blends and unique sales approach. Tiesta’s tea blends are categorized by their effects on the consumer (Energizer, Relaxer and Immunity, for example), and each blend’s flavor profile is printed on the package, making their blends approachable to connoisseurs and newbies alike.

Bohemian Guitars---Inspired by the resourcefulness of musicians in their hometown of Johannesburg, South Africa, brothers Adam and Shaun Lee began making electric guitars from repurposed oil cans in 2012. A less expensive and unique alternative to traditional guitars, Bohemian Guitars are now available in both branded and vintage styles on the company’s website.

J&D Enterprises---Make bacon-flavored everything. That’s what Justin Esch and Dave Lefkow sought out to do when they founded J&D Enterprises in 2007. Though they’ve largely stuck to that theme with the success of products like Bacon Salt, Baconnaise, Bacon Lip Balm, Bacon Popcorn and Bacon Lip Balm they’ve also expanded into other flavor lines including Sriracha Popcorn and Ketchup Salt.

Dent Chew Brush LLC---John Gallager’s single-use, all in-one edible toothbrush was designed based on his experience as a military medic. Originally intended for people with limited use of their arms and hands, the Dent-Chew Brush offers a comprehensive oral hygiene solution with the potential to benefit people across the globe who have limited access to traditional hygiene methods.

Eddie Borgo---Eddie Borgo got his start creating one of a kind jewelry pieces for stylists like Tabitha Simmons, Camilla Nickerson and Patti Wilson. In 2008, he was asked to create jewelry for a Phillip Lim’s show, at which point he launched his namesake collection. His initial collection of costume, rock and roll, and New York inspired jewelry was first available at Bergdorf Goodman, Colette in Paris, Harrod’s and Lane Crawford in Hong Kong. Today, the collection is sold at over 100 retailers worldwide. Borgo’s designs have earned him recognition as the 2011 CFDA Swarvoski Award for Innovation in Accessory design as well as a co-recipient of the first ever CFDA/Vogue Tiffany & Co. development grant.

Congratulations to all of the companies that have earned a spot in the inaugural CircleUp25. And thank you to all industry experts and fans for voting-the response to our effort to celebrate innovation in consumer was amazing. There are so many incredibly innovative consumer and retail companies and we look forward to celebrating them in Disrupting Finance.


The company was founded in 1992 by entrepreneurs Mel Ziegler, Patricia Ziegler, and Bill Rosenzweig. The Zieglers are also known for co-founding Banana Republic and ZoZa.com. [3] In 1994, they sold the company to Ron Rubin, under whom The Republic of Tea has grown into a nationally recognized brand. [4] Rubin's son Todd Rubin joined the company in 2007 [5] and succeeded his father as president in 2015. Ron Rubin currently serves as The Republic of Tea's Executive Chairman and Minister of Tea. [6] The Republic of Tea designates its employees as "ministers," its customers as "citizens," and its retail outlets as "embassies." [7]

The Republic of Tea's products are distributed through speciality retailers including Whole Foods Market and Williams Sonoma. They do not intend to expand to mass market retailers such as Costco and Walmart. The company prides itself on maintaining slow but steady growth and operating without any debt. [2] [4]

The company supports sustainable agriculture. It sources several of its teas from biodynamic farms, a form of alternative agriculture similar to organic farming which treats soil fertility, plant growth, and livestock care as ecologically interrelated tasks. [8] It also produces Sonoma Teas, which are made from dried grape skins that would otherwise go to waste. [9]

Both Ron and Todd Rubin have said that they are not interested in selling The Republic of Tea, despite a potential valuation as high as $125 million. Ron Rubin says he has always hoped his company would remain family-owned and private. [4]


Zero to one

Originally from Assam, Manish’s father moved to Kolkata with his family when terrorism peaked in the state. Initially starting a hardware business, he soon set up a 150 sq ft tea store in Kolkata’s Lal Bazar in 1994. It sold loose leaf teas, and multiple branded teas, including Tetley and Lipton.

He quit his job at the Railway Sports Promotion Board and started working on building the brand full-time. “The family business was not growing due to lack of innovation and invention,” he tells SMB Story.

In 2016, Manish incorporated Tearaja, bootstrapping it with a loan of Rs 10 lakh from his in-laws. He remembers being the first tea seller on Amazon from Kolkata, and says, “Starting with 10 orders a month, we now clock 4,000 online orders a month.”

Manish’s wife, Poonam Jain, 32, joined the founding team and serves as the design thinker, innovation, and new ideas creator.

Manish and Poonam Jain, Founders of Tearaja | Source: Tearaja

Tearaja started with single estate teas at first and has now ventured into flavoured and ayurvedic varieties as well. It has a team of 20 employees responsible for tea tasting, quality check, and packaging, and it outsources its tech and marketing teams.


Watch the video: Ντου μπατσων σε κωλομπαρο - το ελληνικό COPS (October 2021).