How can the average investor make money like Bryant? Well, you’d have to be pretty wealthy to begin with since Bryant’s original buy-in of BodyArmor cost him a cool $6 million. ![]() ![]() In five years, chairman Mike Repole hopes to see BodyArmor continue to grow 100 percent year over year.įind Out: What $1,000 in Stocks Invested 10 Years Ago Would Be Worth Today The Investment Opportunity: BodyArmor vs. The investment will allow BodyArmor to use Coca-Cola’s bottling and distribution system to grow its market share in the sports beverage market and will allow Coca-Cola to increase its ownership in the up-and-coming company over time. Coca-Cola’s Plan With BodyArmorĬoca-Cola has made this initial investment in BodyArmor as part of its Venturing and Emerging Brands investment portfolio. sports drinks in 2016, with Gatorade Perform sales that represented a 52.8 percent market share that year. Gatorade, which is owned by Coca-Cola’s competitor PepsiCo, was the market leader in U.S. The global market for sports nutrition accounted for an estimated $28.37 billion in 2016 and is forecast to reach $45.27 billion by 2022, according to Zion Market Research. Bryant made his original investment in March 2014.Ĭlick to read more about the huge corporations that own your favorite brands. By buying a minority ownership stake in BodyArmor, Coca-Cola has raised the value of Bryant’s stake to an estimated $200 million. ![]() The former Los Angeles Lakers player’s $6 million investment in BodyArmor is now worth about $200 million.īodyArmor, the sports drink company that hit the ground running after a $6 million investment by basketball icon Kobe Bryant, has gotten another boost from beverage behemoth Coca-Cola. 14, 2018, Coca-Cola purchased a minority share in the company. Kobe Bryant invested 10 percent in BodyArmor in March 2014. IRVINE, CALIFORNIA - JANUARY 5, 2018: BodyArmor Super Water on ice.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |