Pepsi invested $550 million in Celsius Holdings as part of a long-term distribution contract. nonalcoholic 217 percent to $123.5 million in the first quarter.
Pepsi's energy drink business. Pepsi has doubled heavily on energy in recent years. Early in 2020, it purchased Rockstar for $3.85 billion to boost sales.
A court struggle ensued, which Pepsi won. The two corporations split in June. Pepsi may purchase Monster Beverage or Celsius to improve its energy drink market share.