Forget Lemonade, Beyoncé Is Investing In Watermelon
Beyoncé commanded the world’s attention with the release of her latest album “Lemonade.” But the iconic singer is giving some love to another fruit: the watermelon.
The superstar has invested in fast-growing, cold-pressed watermelon water startup called WTRMLN WTR. Her involvement with the brand is the latest business move by the savvy star, which generated headlines late last month when she unveiled a line of casual athletic wear called Ivy Park.
“I invested in WTRMLN WTR because it’s the future of clean, natural hydration; as partners, we share a simple mission to deliver accessible wellness to the world,” Beyonce said in a prepared statement. “This is more than an investment in a brand, it’s an investment in female leaders, fitness, American farmers, and the health of people and our planet.”
New York-based WTRMLN WTR is only three years old but is growing quickly. The startup says annual revenue is currently on pace to triple this year from 2015’s level.
http://fortune.com/2016/05/03/beyonc...on-investment/