Who owns BodyArmor the drink?

Who owns BodyArmor the drink?

Coca-Cola

Does BodyArmor have stock?

Among these is one of the most famous materials in the body armor industry: Kevlar®. Its stock symbol is NYSE: DD.Dec 6, 2021

How much did Kobe own of BodyArmor?

Bryant’s investment is one of the biggest for a modern-day athlete, CultureBanx reported. In 2014, he acquired more than 10% of the company for close to $6 million. Then in 2018, Coca-Cola invested $300 million in the company at a $2 billion valuation, pushing the value of Bryant’s stake to $200 million at that time.Nov 5, 2021

Is BodyArmor a private company?

Dr Pepper Snapple Group, Inc. DPS announced that it has increased its equity stake in private company, BA Sports Nutrition, which owns the premium sports drink brand, Bodyarmor.Apr 5, 2016

Who else invested in BodyArmor?

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. According to CNBC, the acquisition will be the largest of its kind by the soft drink company, which will have full control of the brand.Nov 2, 2021

Is BodyArmor owned by Gatorade?

Coca-Cola to fully acquire Gatorade rival BodyArmor for $5.6 bln.Nov 1, 2021

What energy drink did Kobe Bryant own?

BodyArmor

What company owns BodyArmor?

The Coca-Cola Company

Is BodyArmor a Pepsi product?

Coca-Cola buys full control of Bodyarmor for $5.6 billion in its largest-ever brand acquisition. Owning Bodyarmor helps Coke gain market share in the sports drink category, although PepsiCo’s Gatorade is far and away the market leader with roughly 70% market share.Nov 1, 2021

Is BodyArmor owned by Coke?

ATLANTA–(BUSINESS WIRE)– The Coca-Cola CompanyThe Coca-Cola CompanyThe purpose of The Coca-Cola Company is to refresh the world and make a difference. Our vision is to craft the brands and choice of drinks that people love, to refresh them in body and spirit.https://www.coca-colacompany.com › purpose-and-vision › jaTHE PURPOSE OF OUR COMPANY BACK TO THE BEGINNING WE today announced that it has acquired full ownership of BODYARMOR, a line of sports performance and hydration beverages that is incremental to the Coca-Cola beverage portfolio and has significant potential for long-term growth.Nov 1, 2021

Was BodyArmor owned by Kobe Bryant?

In 2014, Kobe Bryant Invested $6M In BodyArmor — Now, The Sports Drink Company Is Being Acquired For $5.6B. Bernadette Giacomazzo. At the time, too, the late Kobe Bryant was the third-largest shareholder in the company, as well — and his investment was made just two years after the company was launched.Nov 2, 2021

When did BodyArmor sell to Coke?

The Bryant backed company has a history with Coca Cola, as its founder has sold multiple products to the soft drink company in the past. Back in 2007, Repole, the majority stakeholder of BodyArmor, sold Glaceau which he co-owned with the SmartWater and Vitamin Water brands to Coke for $4.1 billion.Nov 5, 2021

How much does Kobe Bryant own 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.Nov 1, 2021

How much did Kobe sell BodyArmor for?

$5.6 billion

How much did Kobe Bryant spend on his body?

Back in 2014, Bryant invested in an up-and-coming sports drink called Body Armor. Seven years later, that investment is proving to have paid off big for his family. The latest report suggests that Bryant’s initial $6 million investment into Body Armor is now worth close to $800 million.

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. Previously, it was $5.1 billion for Costa Coffee back in 2018.Nov 1, 2021

How much is BodyArmor worth?

Today, BodyArmor boasts a 400-person staff and $1.4 billion in retail sales, according to a Coca-Cola statement announcing the deal.Nov 5, 2021

Is BodyArmor a Coke or Pepsi product?

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.Nov 1, 2021

Who owned BodyArmor before Coke?

BodyArmor, based in Queens, N.Y., was launched in 2011 by Mr. Repole’s co-founder, Lance Collins, an entrepreneur behind successful brands including Fuze tea and Core bottled water. Keurig Dr Pepper Inc. has a 12.5% stake in BodyArmor.Nov 1, 2021

How much Coke does BodyArmor own?

In 2018, 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 for the remaining 85% of the company.Nov 1, 2021

How much is Kobe Bryant’s first investment in the sports drink BodyArmor now worth?

Kobe Bryant’s $6 million investment in sports drink BodyArmor back in 2014 is now worth around $800 million after a reported Coca Cola investment in the company. NBA icon Kobe Bryant’s $6 million investment in BodyArmor is now worth about $800 million, which is more than twice his NBA career earnings.

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