Body armor sold to coke
WebNov 2, 2024 · The purchase of BodyArmor is the largest amount Coca-Cola has ever paid to acquire a product. The second highest was the purchase of Glaceau water in 2007, a move that reportedly netted one of... WebBODYARMOR is an American sports drink brand fully owned by The Coca-Cola Company. [1] Products launched under brand include: Sports, Lyte Sports, Edge Sports, and SportWater. Mike Repole created the drink in 2011.
Body armor sold to coke
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WebAug 11, 2024 · Repole, who co-founded Vitaminwater in 1998 and sold it to Coca-Cola for $4.1 billion in 2007, decided to jump into the sports beverage market again, feeling Gatorade had left its main product ... WebThe former Los Angeles Lakers player’s $6 million investment in BodyArmor is now worth about $200 million. BodyArmor, the sports drink company that hit the ground running …
WebMay 20, 2024 · Bryant’s early belief in the BodyArmor brand paid off in 2024, when Repole sold a significant equity stake to Coca-Cola in a deal that valued his company at $2 billion. When the transaction... WebOct 29, 2024 · Key Points Coca-Cola is nearing a deal to buy a controlling stake in sports drink maker BodyArmor, valuing it at about $8 billion, a person familiar with the matter told CNBC. The deal could...
WebFeb 2, 2024 · Another part of Coke’s plan to revive its sports drinks unit is its minority stake in BodyArmor. Coke invested in the Kobe Bryant-backed sports drink in 2024 as it sought to gain a larger share... WebCoca-Cola did not disclose the terms of its deal, but it said Tuesday that the partnership will give Body Armor access to Coca-Cola ( KO) bottling facilities. Body Armor will continue...
WebNov 1, 2024 · Published November 1, 2024. 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 ...
WebDec 14, 2024 · Last month, illustrious consumer beverage company- Coca-Cola ( NYSE: KO) completed full ownership of the premium sports drink maker- BodyArmor for $5.6bn. For the uninitiated, BodyArmor is... forbes richest basketball playerselite training app for windows 10WebCoca-Cola KO +0.7% 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 … forbes richest americans 2021WebNov 2, 2024 · Coca Cola announced the purchase of sport drink company BodyArmor for $5.6 billion in an effort to compete with Pepsico-owned Gatorade. (Photo by Justin Sullivan/Getty Images) According to recent Nielsen data, sales of BodyArmor have surged 52% in the past 12-weeks and holds a 19% share of the sports drink market. forbes richest by stateWebIn 2024, Coca-Cola initially acquired a 15% stake in BODYARMOR with a path to full ownership, based on a pre-determined discount. Coca-Cola is paying $5.6 billion in cash … elite treatments balhamWebCoca-Cola has acquired sports-drink maker BodyArmor in a bid to steal market share from Pepsico-owned Gatorade. This is Coca-Cola’s largest brand acquisition, according to a … elite treatment center chicago heightsWebCoke said Monday it paid $5.6 billion for the outstanding 85% stake in BodyArmor. Coke originally bought a 15% stake in the line of beverages in 2024. Coke announced its … forbes richest 2021 list