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Coca-Cola Co. Coke confirmed that BodyArmor is its largest-ever brand acquisition. The deal is part of a multi-year effort at Coke to move beyond sugary soft drinks and into other categories like juices, enhanced waters and sports drinks. Coke bought the Fairlife milk brand in and Costa coffee in Seriously Coke?! Soda once contained drug but likely much less than post claims. Suds after working up a sweat: Beer after a workout? Brewers take a cue from Gatorade and add electrolytes into lower alcohol brews. Basketball legend Kobe Bryant was an early investor in BodyArmor, becoming its third-largest shareholder and a member of its board in Coke announced the acquisition at a. Coke and BodyArmor would not confirm that amount. BodyArmor had the third-highest market share in the U. Atlanta-based Coke said it will manage the BodyArmor brand as a separate business. It will continue to be based in New York. Dee-Ann Durbin Associated Press. Facebook Twitter Email. Share your feedback to help improve our site!
Coca-Cola is officially buying full control of BodyArmor for $ billion, valuing the sports drink brand at $8 billion. Kobe Bryant's
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You did it! Always one step ahead,' she wrote next to photos of Bryant with bottles of BodyArmor. Featured Local Savings. More from CBS News. CVS workers strike at 7 Southern California stores for better pay and health care. Chrome Safari Continue. Be the first to know. Get browser notifications for breaking news, live events, and exclusive reporting.
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Kobe Bryant's estate will reportedly be paid $ million after Coca-Cola on Monday said it would buy full control of the energy drink brand BodyArmor.
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Coke said Monday it paid $ billion for the remaining 85% of BodyArmor. Coke originally bought a 15% stake in the BodyArmor in
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