"We're not going anywhere", he said in his statement. Starting with a shot tonight.
Clooney, star of such movies as "Ocean's Eleven" and "Up in the Air", started Casamigos with Rande Gerber and Mike Meldman, and they own equal shares of the company. In hindsight, clearly that was a savvy move on their part!
The tequila company co-founded by George Clooney has been sold for $1 billion (£790 million).
The deal's initial consideration is set at $700m (£552m) with a further potential $300m (£237m) payable based on a performance-linked earn-out over ten years.
"We are delighted that the founders will have continued involvement and active participation in the future success of Casamigos".
Broadridge Financial Solutions, Inc. (BR) Insider Charles J. Marchesani Sells 20473 Shares
Van ECK Associates Corp increased its position in Broadridge Financial Solutions by 0.8% in the fourth quarter. (NYSE:BR). Van ECK Associates Corp raised its position in shares of Broadridge Financial Solutions by 0.8% in the fourth quarter.
Casamigos' sales doubled between 2014 and 2015, according to Ad Age, making it one of the world's fastest-growing tequila brands.
Rande, who is married to supermodel Cindy Crawford, told TMZ of the billion dollar sale.
Its sales rose 5.2 per cent globally a year ago, according to data tracker IWSR, outperforming a spirits industry that edged up only 0.3 per cent.
The transaction is expected to close in the second half of 2017.
Diageo was formed in 1997 through the merger of Grand Metropolitan Public Limited Company and Guinness PLC.
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