Juice brand Odwalla getting dumped by Coca-Cola

Once a promising startup from Half Moon Bay, the Odwalla juice brand is now being squeezed out of production. The decision to discontinue the brand came by its owner, The Coca-Cola Co., and takes effect this month. The Wall Street Journal, which first reported the news, said it will affect 300 jobs. The manufacturing plant is in Dinuba, Calif. In 2001, Odwalla Inc. signed a definitive agreement with Coca-Cola (NYSE: KO) to become a separate business unit of the Minute Maid Co., Coke’s juice division.…

Why investors should consider a bias towards high-quality investments in a volatile market

With the increase in market volatility this year, it may be an opportune time to review your portfolio’s capacity to manage risk and, in particular, the quality profile of your portfolio. One of the best portfolio hedges to increased market volatility is high-quality fixed income and equity investments, given their strong capital preservation characteristics, which may lead to significant reductions in portfolio risk. In the investment arena, market volatility translates to dispersion around the…

Custom framing startup enters Georgia market with Buckhead, West Midtown locations

Custom framing startup Framebridge Inc. has picked Atlanta as the starting-point for its southeastern expansion. The Washington D.C.-based company said it plans to open two stores in September — at Buckhead’s Shops Around Lenox, next to Flower Child, and West Midtown’s Westside Provisions District, near Warby Parker. Framebridge launched in 2014 as a digital-first retail operation, where customers upload photography or mail in art to be framed, with prices ranging from $39-209. Its first two…

Atlanta insurtech startup raises $5M

Layr, an Atlanta-based insurtech startup, has raised $5 million in a Seed round led by Sandbox Insurtech. New investors Flyover Capital and Maschmeyer Group Ventures, along with existing investor Lloyd’s of London joined the round. Layr Co-Founder and CEO Phillip Naples said the funding will primarily be used to expand the company’s AI and machine learning technology, but also for distribution and scaling the company. “Data suggests that more than 60% of U.S.-based businesses will be owned…

United Way of Greater Atlanta announces new fund to tackle racial inequity

The United Way of Greater Atlanta announced July 9 it has created a new initiative to fund organizations focused on addressing racial inequity in their communities and on a regional level. The fund ‘s creation comes in the wake of protests against police brutality and institutional racism as well as data showing the Covid-19 pandemic disproportionately impacts Black people and people of color. The United for Racial Equity and Healing Fund would prioritize financing organizations that are dedicated…