ZICO

Coconut water maker Zico Rising confirmed the closing of a Series B round that raised $9.1 million of an anticipated $9.5 million. The brand would not comment on the details of the investment round.

Zico Rising has raised $14 million, according to an SEC Form D filing submitted on January 27. SEC documents also indicate the company closed a $4 million round in December marking the company’s first capital raises since Mark Rampolla, the founder of Zico, purchased the company back from the Coca-Cola in early 2021.

The Coca-Cola Company announced today it will discontinue coconut water brand Zico by the end of the year as part of a long term project to drop underperforming product lines from its portfolio. The move comes after months of declining sales for the brand, which Coke acquired in 2013.

The Coca-Cola Company’s fruitful partnership with one of New York’s powerhouse beverage distributors appears to be ending, as the soda giant confirmed it is pulling Honest Tea, Zico coconut water and Hubert’s Lemonade products from Big Geyser’s DSD network.

ZICO Coconut Water’s newest national campaign that encourages consumers to nourish their bodies and minds through holistic living, Help Your Self, shows consumers just how.

During a conference call with investors today, The Coca-Cola Company reported net revenues of $9.08 billion for Q3, surpassing analysts’ projections of $8.72 billion. The company also noted that organic growth was up by 4 percent.

Though convenience store traffic has dipped in 2017, you couldn’t tell from looking around the packed floor at this year’s National Association of Convenience Stores (NACS) show last week in Chicago. Exhibitors from across the spectrum of food and beverage took over two halls of the McCormick Place for three days, showcasing a range of new products and innovations that will be rolling out to c-store coolers over the next year.

Reuters has reported that PepsiCo is in talks to acquire All Market Inc, the maker of leading coconut water brand Vita Coco. PepsiCo is offering less than the $1 billion that All Market has sought for the acquisition, according to Reuters, which cited sources familiar with the potential deal.

A longtime veteran of the food and beverage industry, Sarah Bird takes the reins from Bhakti founder Brook Eddy, who now serves as chairwoman of the company’s board of directors. Eddy remains “involved in the vision, innovation and culture” of Bhakti, according to the company.

In addition to partnering with Jessica Alba, ZICO, Official Coconut Water of the Olympic Games will further spread the #InsideisEverything message with two world-class athletes at the Rio 2016 Olympic Games.

Boudia, a gold medal winner in men’s diving at the London 2012 Olympic Games, and Krieger, a long-standing member of the world champion U.S. Women’s National Soccer team, will serve as ZICO brand ambassadors at the Rio 2016 Olympic Games.

Starting this month, ZICO will be available in a larger, 16.9 fl. oz. clear, re-sealable PET bottle across its flavored coconut water products, including ZICO Pineapple, Watermelon Raspberry and Chocolate flavored coconut waters, as well as ZICO Natural.

ZICO Chilled Strawberry Banana will launch on the West Coast, available in the refrigerated section of major retailers.

At launch, ZICO Organic will be available in 16.9 fl. oz., Tetra Pak® paper cartons with a suggested retail price of $3.49.