Coca-Cola buys full control of Bodyarmor for $5.6 billion in its largest-ever brand acquisition. Coca-Cola announced Monday it has bought full control of sports drink maker bodyarmor for $5.6 billion, making it the company’s largest brand acquisition to date.
What company is Coca-Cola buying?
3, 2019 – The Coca-Cola Company today announced that it has completed the acquisition of Costa Limited from Whitbread PLC. The $4.9 billion transaction follows approval from regulatory authorities in the European Union and China. The acquisition was first announced on Aug.
Who bought body Armour?
Coca-Cola KO -0.2% is buying the remaining 70% of BodyArmor, the natural sports drink that is looking to dethrone Pepsi’s Gatorade. The $5.6 billion cash deal values the sports-drink brand at about $8 billion, and nba icon kobe bryant was an initial investor in the company back in 2013.
Who owned BodyArmor before Coke?
He also made an early investment in Kind, the snack bar maker, which was sold to candy conglomerate Mars last year at a reported $5 billion valuation. BodyArmor was started in 2011, when Repole teamed up with Lance Collins , who had previously sold the Fuze Beverage and nos energy drink brands to Coca-Cola.
How did Coke pay for BodyArmor?
Coca-Cola’s acquisition of BODYARMOR will be funded through cash on-hand and is consistent with an M&A and capital allocation framework that focuses on accelerating growth, expanding capabilities and driving efficiencies.
Is red bull owned by Coke?
The energy drink category is dominated by Red Bull and Monster, partly owned by Coca-Cola Hoping to bolster its position, Coca-Cola launched Energy in January, the first energy drink under the Coca-Cola brand.
Who is Gatorade owned by?
The Gatorade Company, a division of PepsiCo (NYSE: PEP), provides sports performance innovations designed to meet the needs of athletes at all competitive levels and across a broad range of sports.
Does Coke own Gatorade?
While Coke has a sports drink of its own in Powerade, the market is dominated by Gatorade, which is owned by Coke archrival PepsiCo.
How much does Kobe Bryant own in BodyArmor?
In 2014, Kobe Bryant Invested $6M In BodyArmor, Now, The Sports Drink Company Is Being Acquired For $5.6B. Bernadette Giacomazzo. Nov 2, 2021. BodyArmor, a sports drink company that received an initial investment from the late Kobe Bryant, will be acquired for $5.6 billion by the Coca-Cola company.
Is Monster owned by Coca-Cola?
Coca-Cola doesn’t own Monster , but the two have a close partnership that stems from a deal settled in 2015 (which saw Coca-Cola take a 17% stake in the company and involves certain distribution agreements).
Did Gatorade buy BodyArmor?
Coca-Cola to fully acquire Gatorade rival BodyArmor for $5.6 bln.
Is Grape BodyArmor discontinued?
Item is no longer available BODYARMOR is the sports drink for today’s athlete, providing Superior Hydration by combining Electrolytes, Coconut Water, natural flavors and Natural Sweeteners. It’s time to ditch your outdated sports drink and make the switch to BODYARMOR.
Did Kobe Bryant invest in BodyArmor?
Bryant invested $6 million in the company , per the report. The late Lakers star became a major shareholder in the company in 2013, according to the release. Coke’s acquisition of BodyArmor is the company’s largest in its history.
Is Kobe part owner of BodyArmor?
The NBA star, who died in a tragic helicopter crash in January 2020, invested in Bodyarmor in 2014 for a 10% stake in the company and joined its board of directors At the time, Bryant was the company’s third-largest shareholder. “I put my skin in the game,” Bryant told Forbes in 2014, after his hefty investment.
What is the ticker for BodyArmor?
Its stock symbol is KRX: 004800 The Covid-19 crisis has also hit this company.
Does Coke own dr pepper?
In a much-anticipated acquisition deal, Coke is paying Dr Pepper Snapple Group Inc $715 million for the right to sell Dr. Pepper and other soft drinks once Coke acquires its biggest North American bottler.
Who is Vitaminwater owned by?
Vitaminwater is a beverage brand owned by the Coca-Cola Company There are many varieties, each with an attractive name like “focus,” “endurance,” “refresh” and “essential.” As its name indicates, Vitaminwater is water enriched with vitamins and minerals. Coca-Cola claims it adds natural colors and flavors as well.
Does Russia still trade with Coke?
ATLANTA, March 8, 2022 – The Coca-Cola Company announced today that it is suspending its business in Russia.
Does Coke own Powerade?
Powerade is a sports drink created, manufactured and marketed by The Coca-Cola Company Its primary competitor is Gatorade, owned by PepsiCo.
What flavor is blackout Berry?
It taste more like raspberry to me but still good. If you like any berry style flavor – you will love this body armor. Not tart, slightly sweet. Very good.
What companies does Coca-Cola own?
Our company’s purpose is to refresh the world and make a difference. Our portfolio of brands includes Coca-Cola, Sprite, Fanta and other sparkling soft drinks Our hydration, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, Powerade, Costa, Georgia, Gold Peak, Ayataka, and BodyArmor.
Does Coke own any food brands?
Coca-Cola is the biggest selling soft drink in the world and it’s available in 200 countries! Unlike its rival PepsiCo, Coke only focuses on beverages—which is a lot more diverse than you might think. It owns more than 500 beverage brands , 20 of which pull in more than $1B a year.
Why was Red Bull Cola discontinued?
Red Bull discontinued distribution of Red Bull Simply Cola in the USA in late July 2011 to focus on the core markets Austria and Germany In 2019, Red Bull released its Organics line, which includes a new version of Red Bull Simply Cola.
Does Pepsi own Dr Pepper?
Currently, the majority of Pepsi and Coke bottlers bottling Dr Pepper are owned by PepsiCo and The Coca-Cola Company after their buyouts of their major bottlers. Presently, Dr Pepper Snapple relies on its own bottling group to bottle and distribute its products in more than 30 states.
Does Pepsi own KFC?
PepsiCo, based in Purchase, N.Y., owns the Pizza Hut, Taco Bell and KFC chains , which together have 29,000 units around the world. That’s more than McDonald’s, which has 21,000.
How many brands do Coke own?
And while Coke is most definitely among its most popular sellers, Coca-Cola company owns 27 other brands of beverages you might not know very well or maybe haven’t even heard of. For this list, GOBankingRates looked at all the companies and brands within The Coca-Cola Company.
What flavor is black ice Gatorade?
The Gatorade Black Ice sports drink is sold in 710 mL bottles and will be available at convenience stores across the country. PepsiCo describes the taste of Gatorade Black Ice as crisp and refreshing with a bold black color.
Does Pepsi have a sports drink?
PURCHASE, NY., Less sugar and more electrolytes are the defining attributes of Gatorlyte, the newest sports drink from PepsiCo, Inc.’s Gatorade brand Gatorlyte was designed for athletes seeking “rapid rehydration,” the company said.
Why is orange Gatorade controversial?
Brominated vegetable oils-chemicals patented as flame retardants- have been used in orange Gatorade. In response to customer pressure, PepsiCo has announced they will remove a controversial chemical that is added to orange Gatorade.
Does Pepsi own Starbucks?
As of 2015, 22 PepsiCo brands met that mark, including: Pepsi, Diet Pepsi, Mountain Dew, Lay’s, Gatorade, Tropicana, 7 Up, Doritos, Brisk, Quaker Foods, Cheetos, Mirinda, Ruffles, Aquafina, Naked, Kevita, Propel, Sobe, H2oh, Sabra, Starbucks (ready to Drink Beverages) , Pepsi Max, Tostitos, Sierra Mist, Fritos, Walkers,.
Why is Gatorade not good for you?
When consumed often, the sugar content of Gatorade can also contribute to tooth decay, especially in children For people who are less active, getting extra sugar and sodium throughout the day isn’t necessary or recommended. The extra calories from a sports drink could contribute to weight gain.
What sports drinks does Coca-Cola own?
Coca-Cola is taking aim at the Gatorade brand owned by its arch-rival Pepsi by buying BodyArmor Coke, which already owns 30% of the sports drink, is spending $5.6 billion to gain total control of the brand, the Wall Street Journal reported. The deal values BodyArmor at $8 billion.
How much is Kobe Bryants estate worth?
Bryant’s net worth at the time of his death on Jan. 26, 2020 was about $600 million , according to Forbes. Bryant is survived by his wife Vanessa, who is the executor of the Bryant estate, and his daughters Natalia, Bianka and Capri. One of Bryant’s most successful investments came while he was still playing in the NBA.
Is BodyArmor drink good for you?
The short answer is yes. But, just like everything else, moderation is key. Drinking too much water is even bad for you. The reason BODYARMOR is good for you is that it helps replenish electrolytes.
What company owns Red Bull energy drink?
Red Bull is a brand of energy drinks sold by Austrian company Red Bull GmbH With 38% market share, it is the most popular energy drink brand as of 2019.
What energy drinks are owned by Coke?
The Coca-Cola Company transferred ownership of its worldwide energy business, including NOS, Full Throttle, Burn, Mother, BU, Gladiator, Samurai, Nalu, BPM, Play and Power Play, Ultra and Relentless , to Monster, and Monster transferred its non-energy business, including Hansen’s Natural Sodas, Peace Tea, Hubert’s.