Keurig Dr Pepper Retains Vita Coco, High Brew; Signs Evian.
Plus, Quarterly Results.
November 12, 2018
Without ceremony, Keurig Dr Pepper CEO Bob Gamgort shed light on the future of Allied Brands Vita Coco, High Brew and Neuro during the company’s Nov. 7 earnings conference call. Distribution agreements with all three have not changed, he said. “The Allied Brand portfolio has settled out nicely in a fairly short period of time,” Gamgort said, referring also to the additions of Evian, Peet’s Iced Espressos, and Forto Coffee Shots distribution deals, and the acquisitions of Big Red and Core water. Allied Brands represent about 5% of KDP sales and profit, Gamgort has said.