What happened to La Colombe?
In December 2023, Chobani fully acquired La Colombe for $900 million. The field has narrowed in the yogurt battle: Coca-Cola is not exploring a stake in Chobani, sources told CNBC Wednesday.Under Chobani ownership, La Colombe will not only benefit from the Company’s extensive retail execution, marketing and cold chain capabilities to grow its multi-serve offering, but through its recently announced sales and distribution agreement with KDP, La Colombe will also meaningfully expand the reach of its single- .Yogurt maker Chobani has rejected an offer from PepsiCo to buy a stake in the company, saying it would fund new growth initiatives on its own. Chobani hired Goldman Sachs last summer to seek a partnership with a major food company that would invest in the company and help expand production and distribution.
What is La Colombe famous for?
La Colombe is most known for their ready-to-drink Draft Lattes – the world’s first-ever textured iced latte. La Colombe Draft Latte Cold Brew Coffee, Variety Pack, 9 fl oz, 12-count | Costco.In July 2023, Keurig Dr Pepper invested $300 million in La Colombe in exchange for 33% of the company. In December 2023, Chobani fully acquired La Colombe for $900 million.Molson Coors and its network of independent distributors have distributed La Colombe’s specialty ready-to-drink coffee products in convenience, drug and certain big-box stores since January 2021.