PepsiCo has agreed to purchase CytoSport, the maker of Muscle Milk protein shakes, from Hormel Foods for $465 million. The deal comes less than five years after Hormel paid
Cott has sold its RC Cola concentrate and international licensing business to Refresco for $50 million. Refresco, meanwhile, simultaneously flipped the RCI International business to an entity called RC Global Beverages.
On Dec. 20, Dirty Lemon parent company Iris Nova announced $15 million in seed funding that includes a minority investment by Coca-Cola. Coke’s Venturing & Emerging Brands unit has paid close attention to Dirty Lemon. The brand gained attention for its unique go-to-market strategy, which founder and CEO Zak Normandin has named c-commerce, or “conversational commerce.”
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