Coca-Cola invests in coconut-water company

09/2/2009 | Wall Street Journal, The

Zico Beverages, a closely held maker of coconut-water beverages, announced that it has raised $15 million from investors including Coca-Cola Co., which has a minority stake in the company. Coca-Cola and PepsiCo have in recent years invested in smaller brands, in efforts to develop new beverages and categories.

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Wall Street Journal, The

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