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George Clooney sells his tequila firm to Diageo for $1 bn

We'll still be very much a part of Casamigos, shares Clooney

Press Trust of India  |  Los Angeles 

George Clooney
George Clooney. Photo:

Casamigos, the brand that Hollywood star founded with his friends Rande Gerber and Mike Meldman in 2013, has been sold to the spirits giant

The deal values the company at up to $1 billion: $700 million in cash upfront and up to $300 million more if it hits sales targets over the next decade, reported Los Angeles Times.

"If you asked us four years ago if we had a billion- dollar company, I don't think we would have said 'yes'. This reflects Diageo's belief in our company and our belief in

"But we're not going anywhere. We'll still be very much a part of Starting with a shot tonight. Maybe two," Clooney, 56, said in a statement.

Diageo's other liquor brands include Johnnie Walker and Crown Royal whiskies, Smirnoff and Ketel One vodkas, Guinness stout and Captain Morgan rum.

First Published: Thu, June 22 2017. 18:54 IST