NEW YORK, Nov 1 — Coca-Cola announced today that it will acquire full ownership of sports drinks company BodyArmor for US$5.6 billion (RM23 billion). The beverage giant bought 15 per cent of BodyArmor in 2018, and will continue to operate the firm as a separate business in North America,...
NEW YORK, Nov 1 — Coca-Cola announced today that it will acquire full ownership of sports drinks company BodyArmor for US$5.6 billion .
The company was partly owned by late basketball great Kobe Bryant, who became a major shareholder in 2013. BodyArmor is currently the second-biggest sports drink company with more than US$1.4 billion in retail sales, the statement said.
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