Energy drink maker
Red Bull has about 40% of the worldwide energy drink market. Founded in 1984 by sports enthusiast Dietrich Mateschitz, who owns 49% of the company.
|Red Bull GmbH||AUT||website|
|Red Bull GmbH|
In 2014 a $13 million settlement was reached in two consumer class action lawsuits that allege Red Bull misrepresents the functionality and safety of its Red Bull energy drinks. The class action lawsuit took issue with the beverage maker's promises that "Red Bull gives you wings" and that it "vitalizes body and mind" due to its unique mixture of ingredients that could supposedly improve a consumer's mental and physiological performance. However, the plaintiffs allege Red Bull is no more effective than a cup of coffee or a caffeine pill.
Source: Top Class Actions (2014)
This company has been criticised for irresponsible advertising. In 2019 the UK Advertising Standards Authority (ASA) upheld a complaint about a Red Bull poster seen on the London Underground network. The ASA concluded the ad breached the Code, and told told the company not to imply that Red Bull could increase focus and concentration when those claims were not authorised on the EU Register.
Source: Advertising Standards Authority (2019)
|Revenue||3.8 billion EUR (2019)|
|Subsidiaries||Red Bull Australia Pty Ltd|
|Address||Fuschl am See, Austria|
Products / BrandsRed Bull Australia
Red Bull Energy Drinks