Mike Repole (born January 21, 1969) is an American entrepreneur, businessman, and racehorse owner. He is best known for co-founding Glaceau (maker of Vitaminwater), which sold to Coca-Cola for $4.1 billion, and BODYARMOR SuperDrink, a sports drink manufacturer, which also sold to Coca-Cola for $5.6 billion.
Mike Repole | |
|---|---|
 Repole in 2023 | |
| Born | January 21, 1969 New York City, US |
| Alma mater | St. John's University |
| Occupation(s) | Founder, vitamin water |
| Spouse | Maria |
| Children | 1 |
Personal life edit
Repole was born on January 21, 1969, in Middle Village, Queens, New York City, to mother Annie Repole, a seamstress, and father Benny Repole, a waiter. Repole's parents, Italian immigrants, were devout Catholics.[1][2] He grew up in Middle Village, and attended St. Margaret's Elementary and Holy Cross High School. Repole, the first in his family to go to college, went to St. John's University and graduated with a degree in Sports Administration.[3]
Repole lives on Long Island with his wife Maria and their daughter.[2][4]
Career edit
Repole first began his career at Mistic Beverages. He later joined Crystal Geyser Water Company as Vice President of Sales. In 1999, Repole co-founded, with J. Darius Bikoff, Energy Brands, commonly known as Glaceau, which produced Smartwater and Vitaminwater, and which was credited with launching the enhanced water beverage vertical.[5] The company grew quickly, netting $1 million in its first year, and growing to over $1 billion in sales by 2007, when it was the top-selling water brand in the US. In 2007, Coca-Cola bought the company for $4.1 billion.[6]
In 2009, Repole joined Pirate's Booty as chairman of the board. He helped the company grow 300% in less than five years. In 2013, Pirate Brands sold for $195 million to B&G Foods.[5][7]
In 2011, Repole co-founded BodyArmor Superdrink, a sports drinks company, with Lance Collins.[5] BodyArmor, usually stylized BODYARMOR, garnered media attention in 2014 when Kobe Bryant, a professional basketball player, invested $5 million for 10% of the company[8] and became the company's creative director. Bryant was additionally the fourth largest stakeholder in the company, and Repole currently serves as Chairman of the company.[9] In August 2018, Coca-Cola became the second-largest stakeholder in BodyArmor in an attempt to further challenge rival Pepsi's hold, via its Gatorade brand, on the sports drink industry.[3] According to Nielsen data, BodyArmor is the third most purchased sports drink, with expected revenues of $400 million in 2018.[10] In November 2021, Coca-Cola announced they were purchasing the remaining 85% of the company for $5.6 billion.[11]
In 2019, Repole co-starred in the Barstool Sports investment show “Big Brain,” where he served as a financial advisor to David Portnoy, alongside Jon Taffer.
Horse Racing edit
Repole became a horse racing fan in his teenage years.[12] During his time at Glaceau, he became increasingly involved in horse racing and thoroughbred ownership, and, after selling Glaceau, he opened Repole Stable. His most accomplished horse, Uncle Mo, was named the American Champion Two-Year-Old in 2010, and is currently one of the most popular racehorse sires, having sired Kentucky Derby winner Nyquist, among others.[13] Repole's horse, Vino Rosso, won the Breeders' Cup Classic in 2019. The stables' other notable horses include Coach Inge, Notacatbutallama, Caixa Eletronica and multiple Grade 1 winner Stay Thirsty.[14] His horse Mo Donegal was winner of the 2022 Belmont Stakes. Finishing in second place in the same race was his horse Nest. [15]
In 2023, he won the Florida Derby with his horse Forte and also won the Breeders Cup Juvenile by 6 1/4 length in 2023 with Fierceness.
References edit
- ^ Burns, Mark J. "Think Big, Dream Bigger: Mike Repole's Journey To Becoming Co-Founder Of BODYARMOR". Forbes. Retrieved August 21, 2018.
- ^ a b "Winning Belmont would be special for Repole and Viola". Newsday. Retrieved August 21, 2018.
- ^ a b Osacky, Michael (October 14, 2014). "Interview with Entrepreneur and Visionary Mike Repole". Parade. Retrieved August 21, 2018.
- ^ McNamara, Ed. "LI's Mike Repole gets another chance in Derby". Newsday. Retrieved August 21, 2018.
- ^ a b c Heitner, Darren. "Father of BODYARMOR Speaks About Plan To Disrupt The Sports Drink Industry". Forbes. Retrieved August 21, 2018.
- ^ Heitner, Darren (May 3, 2016). "Meet the Successful Entrepreneur Seeking a Triple Crown". Inc.com. Retrieved August 21, 2018.
- ^ "Mike Repole '91SVC St. John's University". stjohns.edu. Retrieved August 21, 2018.
- ^ "Kobe Bryant's wife Vanessa inherited BodyArmor stake, company founder says". Fox Business. May 20, 2020.
- ^ Rovell, Darren (August 16, 2018). "Kobe's $6M drink investment has $200M return". ESPN. Retrieved August 22, 2018.
- ^ Maloney, Jennifer; Lombardo, Cara (August 14, 2018). "Coca-Cola Invests in BodyArmor as It Chases Gatorade". The Wall Street Journal. Retrieved August 22, 2018.
- ^ "The Coca-Cola Company Acquires Remaining Stake in BODYARMOR". The Coca-Cola Company. Retrieved November 3, 2021.
- ^ Maloney, Jennifer; Lombardo, Cara (June 5, 2018). "Belmont Stakes is only race that matters for this Queens owner". New York Post. Retrieved August 22, 2018.
- ^ Peck, Jared (May 2, 2018). "Who owns every Kentucky Derby horse and how they got so rich". kentucky. Retrieved August 22, 2018.
- ^ "Repole Stable". americasbestracing.net. Retrieved August 22, 2018.
- ^ "2022 Belmont Stakes winner". Retrieved June 11, 2022.