The water manufacturer plans to use the latest funding to fuel continued growth online and in retail stores
Flavored water manufacturer has closed a $95 Million financing provided by Global Private Equity Partners.
The water manufacturer plans to use the latest funding to fuel continued growth online and in retail stores.
Available in more than 90,000 retail outlets Worldwide, flavored water is growing eight times faster than the premium still water segment overall, with retail sales growth surpassing 85% in the past 52 weeks, according to SPINS data. The brand’s online sales have more than doubled this year, and the company said it has continued to break monthly sales records throughout the first seven months of 2020, despite the impact of the coronavirus (COVID-19) pandemic.
Source: Private equity Wire
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