Coca-Cola rolls out oat milk brand
Coca-Cola has rolled out its first line of oat milk dubbed Simply Oat, which will come in original, vanilla, and creamy varieties, in 46-ounce carafes.
The beverage giant introduced almond milk under the Simply brand last summer.
Meanwhile, Swedish company Oatly Group AB has filed the paperwork for an initial public offering on Nasdaq.
Oatly, which built the first oat-milk processing plant in the US, has raised over $200 million last year from private equity firm Blackstone Group, which took a 10 percent share.
It is backed by celebrities including Jay-Z, Oprah Winfrey, and Natalie Portman.
Oatly had a $421.4 million revenue last year, more than double the previous year’s, but had lost $60.4 million overall.