![]() Repole continued to refine it and make it ready for prime time.” “In the earliest days certainly wasn’t the same brand it is today. “The lesson is never bet against Mike Repole,” says Ken Sadowksy, veteran beverage analyst and US advisor to the global investment group Verlinvest. He was a key part of the leadership team that sold Glaceau Vitaminwater to Coke for $4.1bn in 2007. Strengthening the BodyArmor formulaĬoca-Cola is no stranger to BodyArmor co-founder Repole. ![]() However, Gatorade still maintains 68% of the market, per Beverage Digest data. In the first half of the year, BodyArmor had locked up 16% of US dollars in the category, passing Coke’s Powerade, which owns 13%. This gives BodyArmor an excellent shot at continuing its growth.”īodyArmor is currently growing at about 50% and driving more than $1.4bn in retail sales, per Coca-Cola. Then the people in charge of managing the brand don’t always know how or what the keys to success are. “Too often the beverage companies buy brands and key people don’t come along. “Coke is smart in keeping leadership intact,” says Gary Hemphill, managing director at Beverage Marketing Corp. Repole “will also collaborate on the company’s still beverages portfolio, including marketing, packaging and innovation strategies across multiple brands,” per a statement from Coke. ![]() Under the terms of the deal, co-founder and chairman Mike Repole and president Brett Hastie will stay on at Coke to execute the brand’s 2022 plan and work on its vision and strategy for 2023 and beyond. Coke took a 15% minority stake in 2018, valued at a reported $300m, and is now completing the purchase of BodyArmor in its entirety. ![]() The deal is working its way through Federal Trade Commission approvals, but the beverage giant has made its intentions clear all along. ![]()
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