George Clooney Sells Tequila Co. For $1 Billion

George Clooney and his partners, Rande Gerber (Mr. Cindy Crawford) and Mike Meldman founded their tequila brand Casamigos four years ago just for personal friends and family, and just agreed to sell the company to British beverage company Diageo for $1 billion.

According to CNBC, Diageo said it will initially pay $700 million, with the potential for another $300 million based on the tequila’s performance over 10 years.

Per the deal, Clooney and Gerber will remain with the company

More from Marilyn Nelson
Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From KYMX Mix 96

Get The App
Follow Us On Facebook

Listen Live