George Clooney just sold his tequila company for 1 billion dollars. He and Rande Gerber started the company four years ago as a private tequila collection just for themselves, friends & family-–“casamigos” which is how it got its name which roughly translates to “house of friends”.
Casamigos went public in 2013 after getting licensed to continue making it and it quickly became the fastest growing ultra premium tequila in the country, according to Gerber
They are selling to a British beverage company, they’ll get $700 million up front, the rest over time…