How Bravo became the new QVC

On a hot April night, Bodyarmor, the sports drink company that Coca-Cola acquired in 2021 in a $5.6 billion deal, was throwing a huge party in downtown Manhattan to celebrate its relaunch. Plenty of MBA types in brown lace-ups and untucked shirts clutched vodka sodas in Hall des Lumières, the cavernous bank-turned-event-space across from City Hall. They were eyeing the young women in short skirts and high heels who—along with star-studded guest lists and goodie bags so heavy they threaten to...