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Diageo Buys George Clooney's Tequila Casamigos For $1 Billion

Diageo Buys George Clooney's Tequila Casamigos For $1 Billion
London: Diageo, the British maker of alcoholic drinks, said Wednesday it had agreed to buy Casamigos, an upscale tequila brand co-founded by Hollywood star George Clooney, in a deal worth up to $1 billion. "This is an exciting opportunity for Diageo to strengthen its participation in the fast growing tequila category, as well as expand the brand internationally," the company said in a statement. It called Casamigos the fastest-grow...
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