Coke invests in coconut water

Coca-Cola Co. said it has become a minority investor in Zico Beverages, a California-based maker of coconut water beverages.

Atlanta-based Coca-Cola and other partners invested $15 million for less than 20 percent of Zico, according to a joint press release by the companies. Zico is marketed as a sports drink with more potassium than a banana.

Other investors include Jesse Itzler, principal of Suite 850 and co-founder of Marquis Jets. Suite 850 is a brand incubator and marketing firm.

Beverage Digest reported last week through Twitter that Coca-Cola and Zico were nearing a deal. In August, PepsiCo bought Brazilian coconut company Amacoco.

About the Author

Joe Guy Collier

Georgia unemployment rate drops to 3.5% for first time in nearly a year

After almost a year, Georgia’s unemployment rate decreased to 3.5% in May, according to the state Department of Labor.

Juneteenth: What will be closed in Atlanta and who has the day off?

While Juneteenth is recognized as a state and federal holiday, private businesses don't have to close or offer the day off. Here's what some Atlanta businesses have planned.

Juneteenth Atlanta fest goes on despite near-cancellation amid ‘DEI attack’

Pullback by military and corporate sponsors amid the goverment's anti-DEI initiatives put this year’s Juneteenth event in difficult straits, organizer Bob Johnson said.

The Latest

Credit: Adam Hagy/State Farm Arena

Atlanta attracts crowd for one of the highest-grossing UFC Fight Nights

As data centers grow larger, so does pushback across Georgia

Atlanta was primed for the data center boom. All it took was a spark.

Featured

Credit: arvin.temkar@ajc.com

Fulton sheriff takes county to court in spending feud

Fulton County Sheriff Patrick Labat is suing the county over what he says is unconstitutional meddling in the way he spends funds for his office.

MARTA defibrillators moved from public cabinets, sealed in staff rooms

Thefts prompt MARTA to stash lifesaving defibrillators out of public reach.

AJC INVESTIGATION

Smuggling cases at Georgia prison fizzle: Drugs were never tested

At a Georgia prison notorious for drug smuggling, 23 cases in four years were dismissed because the suspected drugs never made it to the state crime lab