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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
RetailCoca-Cola

Coca-Cola Drops Three Sparkling Smartwater Flavors to Compete With La Croix, Pepsi

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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March 19, 2019, 11:39 AM ET
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Smartwater is getting an upgrade.

The Coca-Cola Co. will roll out three flavored sparkling versions of its successful bottled water brand this summer—strawberry blood orange, fuji apple pear, and raspberry rose.

The drinks will be available at select locations in major markets including New York, Los Angeles, Chicago, and Boston starting today. They’ll be available nationwide by early summer, the company says.

Sparkling water is in the midst of a surge in popularity. In the last 10 years, seltzer sales have nearly tripled. La Croix has been a big beneficiary of this, prompting the cola giants to pay attention to the market.

Pepsi jumped in last year with Bubly, promoting the brand with a high profile Super Bowl commercial this year. Coke already has a foothold in the market with its Dasani sparkling water, Seagram’s seltzer and club soda, and Topo Chico sparkling mineral water.

Smartwater, though, is a premium product that caters to an audience that’s more similar to the ones La Croix and Bubly are chasing.

Coke has been expanding its lineup fairly rapidly of late. The company recently unveiled Orange Vanilla Coke, its first new flavor for its flagship drink in over a decade; it plans to roll out two Diet Coke flavors this year; and has launched an alcohol-infused product in select markets.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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