Red Bull is an energy drink which was inspired by a Thai product and is produced and sold by the Austrian company Red Bull GmbH. In 2006, more than 3 billion cans were sold in over 130 countries. The beverage's slogan is "It gives you Wings." Red Bull was originated from an energy drink from Thailand called Krating Daeng. Red Bull is the literal translation of Krating Daeng in Thai. (Krating = Bull, Daeng = Red) The logo of Red Bull is even the same as logo of Krating Daeng. Dietrich Mateschitz, an Austrian entrepreneur developed the Red Bull Energy Drink brand. Mateschitz was the international marketing director for Blendax, a toothpaste company, when he visited Thailand in 1982 and discovered that Krating Daeng helped to cure his jet lag. Between 1984 and 1987, Mateschitz worked with TC Pharmaceutical (a Blendax licensee) to adapt Krating Daeng for the European market. At the same time Mateschitz and Chaleo Yoovidhya founded Red Bull GmbH; each investing $500,000 of savings and taking a stake in the new company. Chaleo and Dietrich each hold 49% share of the new company. They gave the remaining 2% to Chaleo's son Chalerm, but it was agreed that Mateschitz would run the company. Red Bull GmbH launched the Red Bull in 1987, which is carbonated and not as sweet as Krating Daeng, the Thai energy drink. Red Bull entered its first foreign market (Hungary) in 1992, and the United States (via California) in 1997. In 2008, Forbes Magazine listed both Chaleo and Mateschitz as being the 260th richest persons in the world with an estimated net worth of $4.0 billion.

Similar to 0 things you like: