Madonna is coming soon to your neighborhood bodega: The Material Girl has become a major investor in a company that sells coconut water in supermarkets.Madonna's manager, Guy Oseary, told The New York Post that the singer invested about $1.5 million in Vita Coco, a New York-based company that sells the beverage in New York and Los Angeles and wants to take its product national. Oseary also told The Post he's convinced other celebrities, including actor Matthew McConaughey and singer Anthony Kiedis of the Red Hot Chili Peppers, to make smaller investments in the company. Apparently, Madonna liked the juice of green coconuts so much, she's throwing marketing ideas to the Vita Coco management, and is talking about making a follow-up investment, according to The Post. Coconut water has been gaining trendiness over the last couple of years, moving out of inner-city bodegas, where its main audience had been immigrants from the Caribbean and Latin America, and into the realm of hipster chic. With Madonna's seal of approval, it could go mainstream. The market could be ripe for growth -- no pun intended. Several companies are already promoting coconut water as both a healthy substitute for sports drinks and a trendy mixer for cocktails. Vita Coco has reportedly turned down overtures from both Pepsico (PEP), which already owns two brands of coconut water in Brazil, and Coca-Cola Co. (KO). A rival coconut water brand, Zico, last year sold a minority stake to Coca-Cola, and another brand, O.N.E., signed a distribution agreement with Pepsi.
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