Keurig Dr Pepper And La Colombe Announce Strategic Partnership; KDP Will Make A Cash Investment In La Colombe Of $300M, In Exchange For A 33% Ownership Stake In The Company
Portfolio Pulse from Happy Mohamed
Keurig Dr Pepper Inc. (NASDAQ:KDP) and La Colombe have announced a strategic partnership, including a long-term sales and distribution agreement for La Colombe ready-to-drink coffee and a long-term licensing, manufacturing and distribution agreement for La Colombe branded K-Cup® coffee pods. KDP will make a cash investment of $300 million in La Colombe for a 33% ownership stake. The partnership is expected to drive growth in the brand's availability across mainstream retail channels and expand KDP's reach into high growth ready-to-drink and super premium coffee segments.
July 20, 2023 | 1:08 pm
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KDP's strategic partnership with La Colombe and its $300M investment for a 33% stake is expected to expand its reach into high growth ready-to-drink and super premium coffee segments. This could potentially drive KDP's revenue growth.
The partnership with La Colombe allows KDP to tap into the high growth ready-to-drink and super premium coffee segments. This could potentially increase KDP's market share and drive revenue growth. The $300M investment for a 33% stake also provides KDP with a significant ownership in La Colombe, which could yield financial benefits in the future.
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