Powerade, Coca-Cola's sorry attempt to replicate the real 'Rade, has just 17.5% market share. The move is seen as a bid by Coca-Cola to challenge Pepsi's stranglehold on the sports drink market.
This is the second time Repole has sold a company to Coca-Cola.
BodyArmor is reportedly expected to make $400 million in revenue in 2018, with an overall value that could reach upwards of $2 billion, according to the Wall Street Journal's Jennifer Maloney and Cara Lombardo. Several professional players have equity stakes in BodyArmor has part of their respective endorsement deals.
In March 2014, Los Angeles Lakers icon Kobe Bryant made a $6-million investment in sports drink BodyArmor for 10 percent of the company. It was founded by Mike Repole, who was also behind Glaceau's vitaminwater and smartwater.
"BodyArmor is revolutionizing the beverage industry by providing the hydration that more and more of today's athletes want and need", Repole said in a press release. "Although the timing and mechanism by which distribution will transition over to Coca-Cola's bottling system is still uncertain".
Wells Fargo Securities analyst Bonnie Herzog noted that integrating BodyArmor into Coke's distribution network should help the brand grow domestically and in global markets.
"We would not be surprised if Coca-Cola eventually acquires the remainder of BodyArmor", Wells Fargo's Herzog said.
Herzog also wrote that BodyArmor has notified KDP of its intention to terminate their existing contract, but no further details on timing or procedure for the transition to Coke have been given. The deal puts BodyArmor in Coke's powerful distribution network, on their delivery trucks throughout most of the United States.
Plus, the Un-carrier has launched asynchronous messaging for all T-Mobile customers in the T-Mobile App and iMessage. Unlike those offers, the Pandora Plus service, which normally costs $5 a month, is only free for a year.
And joint economic projects, like the Kaesong industrial center which closed in 2016, could bring thousands of jobs to the North. But he added that any improvement of inter-Korean ties was not dependent on relations between Pyongyang and Washington.
Beryl was a hurricane and it then weakened into a remnant area of low pressure before redeveloping into a subtropical storm. It is also forecast to cross into the Central Pacific on Saturday as a major hurricane.
USA national security adviser John Bolton on Monday met Turkey's ambassador to the United States to discuss Brunson's detention. President Donald Trump had previously announced that the United States was doubling steel and aluminium tariffs on Turkey .
Molson Coors said this month its Canadian arm would make cannabis-infused drinks with Hydropothecary Corp ( HEXO.TO ). If Constellation exercises all of its existing and new warrants, its ownership in Canopy would exceed 50 per cent.
Former intelligence officials usually keep their security clearance but rarely use it, sometimes providing advice to successors. Brennan are now outweighed by the risks posed by his erratic conduct and behavior".
Baghdad vows to not implement all US sanctions on Iran
An Iraqi official had said Saturday that Abadi would visit both neighboring Turkey and Iran to discuss economic issues. Yet, Washington began restoring sanctions, which had been lifted under the 2015 nuclear deal, on Iran last week.
Heavy monsoon rains kill 44 in southern India, close airport
Idukki's Munnar, a popular tourist destination, remained totally cut off according to local reports, following heavy inundation. The Tamil Nadu government opened a 119-year-old Mullaperiyar dam on Tuesday night for the first time in decades.
President Trump visits Fort Drum
McCain National Defense Authorization Act with the signing ceremony taking place at Fort Drum , New York on Monday. Although Trump himself never served in the military, he had the courage to attack McCain and his service.
Republicans Blast Pearl Jam Poster of Burning White House
He said it was "important to have a congressman that can sort of make people think less emotionally about some of these things". The committee compared it to other examples of public figures "encouraging violence" against Trump, like Griffin's photo.
Chicago Bears Sign Georgia Great Roquan Smith; Contract Details
New York Jets quarterback Sam Darnold, the third overall pick, held out briefly before signing his deal and reporting on July 31. Smith's holdout seemed odd, but it might turn out to be an issue the National Football League has to navigate in coming years.
Measles outbreak hits 107 people, 21 states
According to the CDC , in 2017, 118 people from 15 states and the District of Columbia were reported to have measles. It was the greatest number of measles cases the country had seen since the disease was eliminated in 2000.
Cubs’ Ben Zobrist ejected after lobbying for robo-umps
Cubs infielder/outfielder Ben Zobrist was ejected from from Tuesday's game against the the Brewers, for using a group of words. He and Cuzzi talked calmly near home plate between the eighth and ninth innings before Zobrist was kicked out.
NASA launched Parker Solar Probe on seven-year odyssey
In the early hours of Yesterday morning, another NASA launch was underway; this time, a historic mission to the sun . Additionally, the solar arrays used to power the probe will retract behind the TPS at each approach to the star.