BREAKING
Montreal police say four teenagers suffered stab wounds after an altercation near John F. Kennedy High School in the city's Villeray鈥擲aint-Michel鈥擯arc-Extension borough on Thursday.
Keurig Dr Pepper will expand its energy drink business by acquiring the brand Ghost for more than US$1 billion.
The range of Ghost鈥檚 energy drink flavors, in partnership with sweet brands like Sour Patch Kids and Oreo, sets Keurig up to appeal to a younger audience, the company said in a statement Thursday. Keurig CEO Tim Cofer said in an earnings call Thursday that the brand appeals to 鈥淕enzennials.鈥
鈥淭hese beverages satisfy a near-universal consumer need for energy and alertness, which is increasingly relevant in a world with significant demands on our time and attention,鈥 Cofer said.
Ghost鈥檚 net sales have quadrupled over the past three years, Keurig said in its statement.
This is the biggest deal Keurig has signed off since acquiring Dr Pepper Snapple Group in 2018 for nearly US$19 billion in cash, according to the .
The move also aligns with Keurig鈥檚 expansion into energy, sports and ready-to-drink brands. The company first acquired a stake in C4 Energy in 2022 before partnering with Black Rifle Coffee Company this year to distribute its energy drinks.
Keurig Dr Pepper Inc. will acquire Ghost in two stages, paying US$990 million in cash for 60 per cent of the company by early 2025, then will buy the remaining stake in 2028, according to the statement. The deal includes Ghost鈥檚 sports nutrition business and energy drink arm.
Ghost鈥檚 co-founders, Dan Lourenco and Ryan Hughes, will continue to lead operations, according to Keurig.
鈥淎s we thought about our company鈥檚 next chapter, KDP鈥檚 track record of cultivating disruptive brands, similar challenger mindset, and shared vision for the energy category and beyond made it the right home for our brand and team,鈥 said Lourenco.
Montreal police say four teenagers suffered stab wounds after an altercation near John F. Kennedy High School in the city's Villeray鈥擲aint-Michel鈥擯arc-Extension borough on Thursday.
The federal government is slashing immigration targets to levels that will flatten population growth as Prime Minister Justin Trudeau admits the government did not get the balance right after the COVID-19 pandemic.
The Maritime Sikh Society says the body of a young employee who died at a Walmart in Halifax last weekend was found by her mother.
Four people are dead and another is in hospital after a Tesla driving through downtown Toronto at a high rate of speed crashed into a guardrail and struck a concrete pillar on Lake Shore Boulevard.
A new lawsuit alleges Vince McMahon knowingly enabled the sexual exploitation of children by a WWE employee in the 1980s.
It's a dream for many Canadians, trying to save up enough money for a down payment on their very first home. That was also the dream for the Esmeralda family, a family of five with two dogs who currently live in a Scarborough apartment building.
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Prosecutors are set to announce whether or not they recommend that Erik and Lyle Menendez be resentenced for the 1989 killings of their parents in Beverly Hills.
The RCMP is warning residents in northeast Saskatchewan to seek shelter and avoid picking up hitchhikers as police search for a group of armed and dangerous suspects.
A new resident at a Manitoba animal rescue has waddled her way into people's hearts.
Hundreds of people ran to the music of German composer and pianist Beethoven Wednesday night in a unique race in Halifax.
He is a familiar face to residents of a neighbourhood just west of Roncesvalles Avenue.
A meteor lit up our region's sky last night 鈥 with a large fireball shooting across the horizon over Lake Erie at around 7:00 p.m.
Residents of Ottawa's Rideauview neighbourhood say an aggressive wild turkey has become a problem.
A man who lost his life while trying to rescue people from floodwaters, and a 13-year-old boy who saved his family from a dog attack, are among the Nova Scotians who received a medal for bravery Tuesday.
A newly minted Winnipegger is hoping a world record attempt will help bring awareness for the need for more pump track facilities in the city.
A Springfield, Ont. man is being hailed a 'hero' after running into his burning home to save his two infant children.
Hortense Anglin was the oldest graduate to make her way across the platform at York University's Fall Convocation ceremony this week. At the age of 87, she graduated with an Honours degree in Religious Studies.