Innocent Drinks operational control. As a result of the takeover, Ethical Consumer magazine reduced their ethical rating for the company from 12.5/20 to 6.5/20. In April 2010, Coca-Cola increased its stake in the company to 58% from 18% for about £65 million. In February 2013 Coca-Cola increased their stake to over 90%, leaving the three founders with a small minority holding. In June 2016, the drinks company reported a sales surge thanks to new products such as coconut water and vegetable smoothies. These new products contributed £28m to sales. Revenues reported for last year were £247.4m, a 13% increase on the previous
State Drinks State Drinks 'STATE Drinks' is a Danish beverage company which produces energy drinks. The company is based at Hauser Plads in Copenhagen. STATE Drinks was founded at the initiative of former semi-professional footballer Jon Andersen and Kim Have in collaboration with a group of 11 investors. Among the investors are professional Danish footballer Christian Eriksen and UCPH professor Jens Bangsbo. The first products were launched in 2015 through Danish 7 eleven stores and sold out in two days. STATE energy drinks were introduced in Sweden and Finland in May 2017. STATE contains Isomaltulose which is digested more slowly and steadily