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Dave has declined multiple acquisition offers and remains sole owner of GT's Living Foods, which is worth over $900 million and represents 40% of the U.S. kombucha market. [1] In 2019, Dave donated one million dollars to Kombucha Brewers International in an effort to solidify a “standard of identity to protect the integrity of the product.” [7]
The deal was done so GTS would be able to start directly serving retail customers. [7] In the same month, GTS and Mischler Financial Group entered a strategic alliance to enhance their capital markets business. [8] In December 2018, GTS acquired an ownership stake in Wavelength Capital Management, a quantitative investment firm. [9]
BJ's Wholesale Club Holdings, Inc., commonly referred as BJ's, is an American regional membership-only warehouse club chain based in Marlborough, Massachusetts, operating in the eastern United States in addition to Ohio, Michigan, Indiana, and Tennessee, and Alabama.
GT's Living Foods' kombucha factory subjected workers to 'deplorable and abusive and disturbing working conditions,' according to a court ruling. L.A.'s kombucha empire exploited workers for years ...
Case in point: the fact that you can now buy a cute bubblegum-pink toy called The Firefighter ($60) at the same time as a tube of statement lipstick and ingrown hair remover.
Kombucha is thought to have originated in China, where the drink is traditional. [3] [4] By the early 20th century it spread to Russia, then other parts of Eastern Europe and Germany. [5] Kombucha is now homebrewed globally, and also bottled and sold commercially. [1] The global kombucha market was worth approximately US$1.7 billion as of 2019.
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