Clooney started the company, called Casamigos, with entertainment entrepreneur Rande Gerber, who is . Just weeks after welcoming twins with wife Amal, George Clooney is adding a billion dollar business deal to his busy summer. Maybe two.”. Their idea was to make the best-tasting, smoothest Tequila and Mezcal that didn't have to be covered up with salt or The friends researched extensively to create a tequila they could drink all day without . “This reflects Diageo’s belief in our company and our belief in Diageo. Tequila-filled nights with friends is how Casamigos was born. Casamigos is a favorite among the Hollywood crowd, thanks to its co-founder George Clooney, but it's actually got a lot of substance to go with its style. Following the birth of his and wife Amal Clooney's twins earlier this month, the 56-year-old actor and his business partner, Rande Gerber, are now celebrating the sale of Casamigos Tequila to the . Casamigos Tequila Sale Fetches $1 billion for George Clooney and Company By Pat Evans July 3, 2017 It's not everyday a tequila brand is sold for $1 billion, especially one started by a celebrity . Considering that Casamigos was one of the fastest-growing tequila brands over the last decade, we foresee some serious green in Clooney’s near-future. Malandrakis and reflect a more accurate lifetime earnings estimate for George Clooney. The sale to British beverage company Diageo will likely be finalized in the second half of 2017. George Clooney is the highest-paid male actor of 2018, according to Forbes, even though he didn't appear in a film. For two decades, Karen Duffy —New York Times bestselling author, former MTV VJ, Revlon model, and actress— has managed to live an enriching life despite living in a state of constant pain. Each has a sophisticated and clean look that's fresh and relaxing. Founded by Clooney . "But we're not going anywhere," George Clooney says in a statement. © 2014 - 2021 VinePair Inc. — Made In NYC. We’ll still be very much a part of Casamigos. The company sold to Diageo for $1 billion (£79 million) in June 2017. An entertaining read as well as an educational romp, Thinking Drinkers charts the culture, history and traditions of drink in all its forms. Casamigos Tequila Sale Fetches $1 billion for George Clooney and Company By Pat Evans July 3, 2017 It's not everyday a tequila brand is sold for $1 billion, especially one started by a celebrity . Brand New. According to CNBC, George Clooney, along with business partners Rande Gerber and Michael Meldman, have decided to sell their world-famous tequila-brand, Casamigos, for nearly $1 billion. George Clooney is about to get even more rich. Click here to subscribe to the People Food newsletter. Clooney's other business partners in Casamigos, which sold to Diageo for $1 billion in June 2017 according to Business Insider, were Rande Gerber and Cindy Crawford. In 2009, Clooney was included in Time's annual Time 100 as one of the "Most Influential People in the World". Found inside – Page 75In 2017, Clooney and his fellow cofounders of Casamigos Tequila sold the company to Diageo, a major British beverage producer. The initial payment was $700 million, with up to $300 million more depending on future sales. Part thriller, part character study, part drama of deceit and self-betrayal, A Very Private Gentleman shows Martin Booth at the very height of his powers And now on to something new. In a statement to PEOPLE on Wednesday, Clooney confirmed that along with partner, real estate mogul Mike Meldman, the pair will sell the alcohol brand to the European beverage company Diageo for $1 billion. Weeks after Clooney welcomed twins with his wife Amal, the actor announced he sold his tequila brand Casamigos for $1 billion. “As you do in Mexico, we would drink a lot of tequila,” Gerber told Business Insider earlier this year. George Clooney and his partners have sold their tequila brand Casamigos to London-based distiller Diageo for up to $1 billion. Clooney aficionados can remain calm; the actor claims the trio will still be extremely involved in the future of their agave-based product. "If you asked us four years ago if we had a billion dollar company, I don't think we would have said yes," Clooney told CNBC in an e-mail. Casamigos — or House of Friends — is a private luxury retreat located in Los Cabos in the Baja Peninsula, Mexico. RELATED: George Clooney & Rande Gerber’s Orange Cinnamon Margarita Tastes Just Like Summer, “We created Casamigos Tequila 4 years ago for us to drink personally and selling it for 1 billion dollars is something we never could have imagined,” Gerber said in a statement to PEOPLE. “We’d go out to bars and restaurants and bartenders would recommend them. George Clooney is serving up nearly $1 billion worth of tequila. George Clooney has a lot to celebrate this year. Joy. orange spice margarita. “The transaction values Casamigos at up to $1 billion, with initial consideration set at $700 million and a further potential $300 million based on a performance linked earn-out over 10 years, reflecting the brand’s exceptional growth trajectory and upside potential,” reads the release. George Clooney's Tequila Company Sold for Up to $1 Billion. From furniture and color to rooftops and terraces, Restoring a House in the City offers a treasury of inspiration and ideas, as well as a lavish illustrated tour of some of the best done renovations in the business. Casamigos, literally meaning “house of friends,” was actually a sort of happy accident, starting back in 2013. The "Ocean's 11" star, 56, and his two . George Clooney created a tequila company on a whim, and now it's being sold to Diageo for up to $1 billion, CNBC reported Wednesday. spicy cucumber jalapeÑo margarita. George Clooney is an award-winning actor, a new father and a world-class prankster.. Now he can add "start-up founder who hit the jackpot" to his résumé. "But we're not going anywhere," George Clooney says in a statement. The price is $1 billion, sources a… * George Clooney reportedly sells his tequila brand, Casamigos, for $1 billion * Buyer is Diageo, a British alcohol maker * Tequila is fastest-growing category of spirits in the world. Maybe two.". We’ll still be very much a part of Casamigos. Casamigos Tequila, co-founded by actor George Clooney, will be the official tequila partner of the Bucks and the Wisconsin Entertainment and Sports Center. We’d go out to bars and restaurants and bartenders would recommend them. Casamigos started as an idea between Clooney and friend Rande Gerber while they were in Mexico. Casamigos, which means "house of friends" in Spanish, began as a private label for Clooney and his friends Gerber, a nightlife industry veteran, and Meldman, a real-estate mogul who who founded Discovery Land Company. According to Business Insider, Clooney and Gerber came up with the tequila idea while they were spending time at their houses in Mexico. Mezcal. Caprice Crane’s witty, winsome novel about the game of modern romance proves that with a little luck and the right stakes, everybody wins. BONUS: This edition contains an excerpt from Caprice Crane's Family Affair. Found insideTwo 8-page photo inserts That's nearly half as much money as the . The Monuments Men star and his friend and partner Rande Gerber launched the company in 2013 in what seemed like a natural business deal.. You know, this one… Well, the famed Tequila brand is no longer under Clooney and Gerber's tutelage. Celebrity Guest Host Show Moments, Father's Day Gift Guide 2021: Editors' Picks. The friends . As reported by The Times, Clooney made a . Interspersed throughout the book are 10 "Cocktail Classics" - from the Bramble to the Bloody Mary; the Tom Collins to the Tequila Sunrise. Whatever the occasion, GVT offers a simple, no-nonsense approach to rustling up something special. New Casamigos Tequila Church Key Bottle Opener Metal Green & White. Get push notifications with news, features and more. George Clooney and Rande Gerber Sell Casamigos Tequila for $1 Billion. Clooney and Gerber both own vacation home in Mexico, consequently, right next door to one another. The idea behind Casamigos, the brainchild of Clooney and his . Diageo is buying the spirits brand from Clooney and his partners Rande Gerber and Michael Meldman. Just weeks after welcoming twins with wife Amal, George Clooney is adding a billion dollar business deal to his busy summer. Want the ultimate dish on the latest celebrity food news, plus exclusive recipes, videos and more? After constant breakfasts on the beach, lunches at one another’s places, and dinners rounded out with tequila, the two homes began to feel like one. Don't miss a . Casamigos is a tequila house founded by George Clooney and Rande Gerber, and Mike Meldman in 2013. So, a sale. The Evolution of the Private Vacation Club, Everything You Should Know About the "New" Campbell Apartment, Cindy Crawford and Rande Gerber Are Selling Their Stunning Malibu Home, 35 Tequila Drinks More Exciting Than A Margarita. "What started from a friendship and an idea to create the best tasting, smoothest tequila as our own house tequila to drink and share with friends, has quickly turned into the fastest growing super-premium tequila.". Found inside – Page iThis book features an impressive lineup of “RockStars” including Russell Hitchcock, lead singer of the amazing and successful pop duo, Air Supply; Dean Cain, played Superman on the hit television show, Lois & Clark: The New Adventures ... If this is the first time you're hearing George Clooney owned a tequila company, you're not alone. prickly pear margarita. We'll still be very much a part of Casamigos. Casamigos: How George Clooney Accidentally Started The $1-Billion Tequila Company Casamigos as a "House of Friendship" Many have shared a tequila-fueled night with friends that resulted in a drunk idea - are two for "business ventures", but George Clooney and Rande Gerber actually made theirs happen. Clooney launched the tequila company in 2013 with partners Rande Gerber and Mike Meldman. George Clooney created the Casamigos tequila brand. The actor and new father is selling Casamigos, the tequila company he owns with Rande Gerber and Mike Meldman, for a deal . According to Business Insider, Clooney and his longtime friend Gerber came up with the tequila concept when they were spending time at their houses in Mexico. George Clooney's Sale of Casamigos Tequila. Now, in his captivating, no-holds-barred autobiography, Tony Curtis shares the agony and ecstasy of a private life in the public eye. No simple tell-all, American Prince chronicles Hollywood during its heyday. The two have been so passionate about the brand that they even celebrated their birthdays in May with a cake made in their likeness, courtesy of Amal Clooney. Found insideRanging freely between present and past, the book features the personal spaces of dozens of private celebrities like Barack and Michelle Obama, David Bowie, Truman Capote, David Hockney, Michael Kors, and Diana Vreeland, and includes the ... casamigos margarita light. “If you asked us four years ago if we had a billion dollar company, I don’t think we would have said yes,” says Clooney. George Clooney launched Casamigos with real estate tycoon Mike Meldman and entertainment industry businessman Rande Gerber in 2013. Secondly, how much did George Clooney sell his tequila company for? The deal sees Diageo paying $700 million up front, with the potential … Found insideBut how did two once-dissonant universes-Silicon Valley and Hollywood-become intertwined? Forbes senior editor Zack O'Malley Greenburg told the first chapter of Kutcher's transformation for the magazine's cover story in 2016. Based on a decade of reporting, and interviews with more than 100 sources including hip-hop pioneers Russell Simmons and Fab 5 Freddy; new-breed executives like former Def Jam chief Kevin Liles and venture capitalist Troy Carter; and stars ... Some were good, some not so good, and some expensive. From her popular dining reviews and renowned blog, LagunaBeachBest.com, here are fun, colorful recommendations on all the best of Laguna Beach from longtime resident Diane Armitage. Town & Country participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. Starting with a shot tonight. Weeks after Clooney welcomed twins with his wife Amal, the actor announced he sold his tequila brand Casamigos for $1 billion. But we’re not going anywhere. The 56-year-old Academy Award-winning actor and his high-profile partners sold their popular booze company Casamigos for the . Many other celebrity-backed tequila launches followed. "This reflects Diageo's belief in our company and our belief in Diageo. "We are extremely excited to team up with one of the largest, most respected spirits companies in the world," Gerber said. Diageo, a British maker of alcoholic beverages, agreed Wednesday to buy Casamigos in an acquisition that could value the U.S. tequila maker at as much as $1 billion. That's not what the Casamigos sale is about. Actor George Clooney announced Wednesday he is selling his tequila brand, Casamigos, to Diageo, which produces Johnnie Walker, Smirnoff and Ciroc, for $1 billion. Gerber and his wife Cindy Crawford also gifted George and Amal two Casamigos onesies to celebrate the impending birth of their twins. Say the word "tequila" to just about anyone over the age of 21 (actually, probably over the age of 16 these days, but never mind), and you're likely to find an array of reactions: Disgust. Best friends George Clooney and Rande Gerber were building adjacent homes at real estate developer Mike Meldman's resort in Los Cabos a few years back, and felt frustrated by the quality of much of the tequila they were drinking. The two modern villas were designed and built in tandem by Mexican architect Ricardo Legorreta. If you would like to opt out of browser push notifications, please refer to the following instructions specific to your device and browser: George Clooney and Rande Gerber Sell Casamigos Tequila for $1 Billion. The compound with two individual villas belong to George Clooney and good friends Cindy Crawford and her husband Rande Gerber. George Clooney and Rande Gerber Sell Casamigos Tequila Company for $1 Billion Diageo purchases the business from actor and his partners By Kendall Fisher Jun 21, 2017 5:05 PM Tags from France. cayennade margarita. There came a point where George turned to me and said, ‘Why don’t we create one that’s perfect for us?’ We wanted one that didn’t burn going down, that was super smooth, and had the right flavor profile. Some were good, some not so good, and some expensive. You know Casamigos—the Tequila company Rande Gerber and George Clooney founded back in 2013? The British-based spirits company Diageo has agreed to pay $700 million for the company initially, CNBC reports, "with the potential for another $300 million based on the tequila's performance over 10 years." But we’re not going anywhere. In The Hollywood Reporter's cover story, the director of upcoming film 'Suburbicon' — and noted philanthropist . Hacking Whiskey is the opposite of stuffy, preachy books on how to drink whiskey "the right way. WATCH: George and Amal Clooney Welcome Twins! For the ultimate craft cocktails, we partnered with Casamigos - the award-winning, ultra-premium tequila and mezcal label from George Clooney and Rande Gerber. George Clooney has a lot to celebrate this year. The Oscar winner hauled in a whopping $239 million, mostly from the sale of his Casamigos tequila brand. A stunning collection of over 100 recipes inspired by the heart of Britannia. Cheers to George Clooney. The sale just made Clooney the highest-paid actor of the last year, according to Forbes. Found insideThe Vegas Diaries is a comedy of errors, set against the glitz and glamour of the dazzling Vegas strip. “One that we didn’t have to mix — typically we drink it straight or on the rocks – that we could drink all day long and not be hungover in the morning.”, FROM PEN: Try Our Amazing Never Watered Down Bloody Mary. Found insideThe Kim Kardashian Principle is a fresh, provocative, and eye-opening guide to understanding why only the boldest and baddest ideas will survive–and how to make sure yours is one of them. Casamigos started as an idea between Clooney and friend Rande Gerber while they were in Mexico. In what was by far the most prominent and financially successful celebrity tequila venture to date, George Clooney and Rande Gerber made their brand Casamigos a household name in 2013, eventually selling it to Diageo for $1 billion in 2017. Casamigos, the tequila brand that Mr . George Clooney Reveals Plans for His $200M Profit From Casamigos Tequila Sale. The "Money Monster" star and pals Rande Gerber and Michael Meldman are in for quite the payday, as Diageo has agreed to purchase their Casamigos tequila brand for $1 billion. Found insideThe plot of Charlotte Smith’s autobiographical first novel Emmeline (1788) includes the usual thrills of the eighteenth-century courtship novel: abduction, duels, and a “fairy tale princess.” At the same time, the novel satirically ... You may be able to find more information about this and similar content at piano.io, Napa Star Thomas Rivers Brown Opens a New Winery, The Best Wine Openers to Uncork Your Bottles. $13.17. (Although, Clooney's is a bit more masculine.) The Blanco is crisp and clean with hints of citrus, vanilla and sweet agave with a long smooth finish . The 1997 "Batman & Robin" actor and his lawyer wife, Amal, 43, share 4-year-old twins. GEORGE CLOONEY. aloe vera margarita. That company is Casamigos, which sold to Diageo for $1 billion in June 2017 - a sale that just made Clooney the highest-paid actor of 2018, despite not appearing in a film. Maybe two.”. George Clooney, Rande Gerber and Mike Meldman bring you Casamigos, a small batch, ultra premium tequila made from the finest, hand-selected 100% Blue Weber agaves, grown in the rich red clay and cool climate of the Highlands of Jalisco, Mexico. The celebrity pals started Casamigos in 2013 “by accident” after failing to find the perfect tequila on vacation in Mexico. This is a truly unique visualization of operatic subjects through the medium of wine labels, combining the author's love of art, opera, and wine in one stunningly beautiful and lavishly presented package. The flavours are well-balanced with subtle oak mingling with tropical fruit and sandalwood, leading to a finish of mild pepper and wispy smoke. Jane Bruce. Casamigos will serve specialty cocktails . Review: Casamigos Añejo Tequila 90.5/100 A review by Chip Dykstra (Aka Arctic Wolf) Published June 17, 2016 (Revised July 29, 2017) Casamigos is a tequila brand promoted by George Clooney, Rande Gerber and Mike Meldman.According to the website information this is an ultra premium tequila made in a small batch process from 'hand-selected 100% . But we're not going anywhere. roasted bell margarita. Found insideAn essential complement to all of the financial advice available, this unique guide is a welcome antidote to the idea that wealth is a number on a bank statement. Adam Tomasek is a troubled high school student who carries the guilt of murdering his brother throughout his life. Clooney's other business partners in Casamigos, which sold to Diageo for $1 billion in June 2017 according to Business Insider, were Rande Gerber and Cindy Crawford. According to Business Insider, Clooney and Rande, who have long . George Clooney is reportedly set to personally make up to $233 million after selling the premium tequila brand Casamigos for a whopping $1 billion.. Diageo PLC, a British distiller of spirits . They were next-door neighbors on a piece of property called Casamigos. Clooney tells CNBC that the sale “reflects Diageo’s belief in our company and our belief in Diageo. “We remain committed to our brand and look forward to our future with Diageo and continuing our work with our dedicated and passionate Casamigos team.”. This Grapefruit Orange Paloma mixer combines grapefruit and lime juices with just a hint of natural cane sugar to produce a bright, tangy blend with a hint of sweetness. Following actor George Clooney's major success with Casamigos, Dwayne "The Rock" Johnson is also following suit, cashing in on this agave-fueled boom with his company Teremana. The sale of Hollywood heartthrob George Clooney's Tequila brand Casamigos to drinks giant Diageo last year has made him the highest paid actor of 2018. June 23, 2017 George Clooney's Billion-Dollar Tequila The megastar and his partners sold their Casamigos tequila brand to Diageo this week for $1 billion. S J p 4 o n s 2 o 3 r H e d Q J M I E L. Watch. Found insideCasamigos Tequila went from an idea George Clooney had to a billion-dollar sale in four years. It's doable.” “I'm not totally adverse to the idea,” his father said. “Come see me tomorrow, and we'll discuss.” “I'll do that. Say the word "tequila" to just about anyone over the age of 21 (actually, probably over the age of 16 these days, but never mind), and you're likely to find an array of reactions: Disgust. Jun 21, 2017. In 2013, the trio made their tequilas available to the public and by 2016 it was producing 120,000 cases. "If you asked us . In Fermentation as Metaphor, stemming from his personal obsession with all things fermented, Katz meditates on his art and work, drawing connections between microbial communities and aspects of human culture: politics, religion, social and ... Diageo Plc agreed to acquire fast-growing tequila brand Casamigos, co-founded four . Special Coffee Table Edition Women in the Tequila Industry The title of this book "From Babes to Boss Ladies" is a reflection of the evolution of the perception of women in the tequila, and other Mexican spirits, industry over the past ... Made in Santiago Matatlán, Oaxaca, Mexico, Casamigos Mezcal is artisanal and crafted from 100% Espadín agaves. Amal Clooney, George Clooney, Rande Gerber and Cindy Crawford attend the official launch of Casamigos Tequila in Ibiza at Ushuaia Ibiza Beach Hotel on August 23, 2015 in Ibiza, Spain. George clooney casamigos. * George Clooney reportedly sells his tequila brand, Casamigos, for $1 billion * Buyer is Diageo, a British alcohol maker * Tequila is fastest-growing category of spirits in the world. The playground is packed with children playing, but Tom is sitting on a bench with his dad. He's just not sure he's brave enough to join in... But when a little girl loses her teddy, will Tom have the courage to help? smoky casa margarita. The actor and new father is selling Casamigos, the tequila company he owns with Rande Gerber and Mike Meldman, for a deal that could be worth as much as $1 billion. Which is ironic, considering the celebrity of its creators. George Clooney's "perfect" tequila — so smooth it doesn't burn the throat, require lime and salt or, apparently, induce a hangover — was only meant to be consumed by the actor and his . In Pretty Fun she shares her philosophy behind gatherings, how to be in the moment, make them uniquely yours, embracing occasions to just be together. Casamigos was never intended for the limelight. "We'll still be very much a part of Casamigos.". Envision Lauren Weisberger’s The Devil Wears Prada in the high-drama, estrogen-infused world of cosmetics, and you have What Pretty Girls Are Made Of—a hilarious debut novel from a writer who’s lived it. When asked the reason behind the tequila’s creation, Gerber told Business Insider, “As you do in Mexico, we would drink a lot of tequila. “We wanted one that didn’t burn going down, that was super smooth, and had the right flavour profile,” he continued. Rande Gerber tells ABC News he and Clooney were "kind of shocked" by the sale of their tequila company, Casamigos, to British . EXCLUSIVE: In a whopping deal, George Clooney, Rande Gerber and Mike Meldman are selling their premium tequila brand Casamigos to British beverage company Diageo. Longtime friends George Clooney, Rande Gerber and Mike Meldman love Casamigos. From New York Times bestselling author Bethenny Frankel, the book that started it all: Naturally Thin. Everyone's least-favorite Batman George Clooney is unloading his tequila company Casamigos to UK-based beverage titan Diageo for around $1 billion. Founded in 2013 by Clooney, Gerber and . By Ron Dicker. Found inside*The Sunday Times bestseller* *Updated edition including new bonus chapters from Dawn* ‘Funny, intimate and honest’ Louis Theroux ‘Moving and funny. It began as poisonous rotgut in Medieval Russia—Ivan the Terrible liked it, Peter the Great loved it—but this grain alcohol “without distinctive character, aroma, taste, or color” has become our uncontested king of spirits. It was later purchased by Diageo for up to $1 billion in 2017. Found insideA James Beard Award-nominated bartender explores the history and culture of Latin American spirits in this stunningly photographed travelogue—with 100+ irresistible cocktails featuring tequila, rum, pisco, and more. “Ivy’s unique ... Their idea was to make the best-tasting, smoothest Tequila and Mezcal that didn't have to be covered up with salt or Starting with a shot tonight. Casamigos was co-founded by George Clooney and Rande Gerber. One that we didn’t have to mix — typically we drink it straight or on the rocks – that we could drink all day long and not be hungover in the morning.”, Diageo will reportedly pay $700 million for the brand up front, with the possibility of adding another $300 million “based on the tequila’s performance over 10 years.”. Diageo shares fell 1.75% to $119.62 on the NYSE as analysts warned that the world's largest liquor maker might be overpaying for the super-premium Casamigos brand Clooney co-founded with two . For the ultimate craft cocktails, we partnered with Casamigos - the award-winning, ultra-premium tequila and mezcal label from George Clooney and Rande Gerber. The sale just made Clooney the highest-paid actor of the last year, according to Forbes. George Clooney's Casamigos business deal. Patron Tequila co-founder J.P. DeJoria comments on Diageo's deal to pay up to $1 billion for Casamigos -- the tequila brand created by George Clooney and Ran. The call to be brave isn't just for one person--it's for everyone. Let's All Be Brave is more than a book, it's a battle cry. Although a relative newcomer to the tequila scene, Casamigos is no stranger to making a mark among casual drinkers and tequila connoisseurs. "If you asked us . This month marks his third anniversary as one of the richest men in America: the result of selling Casamigos, the premium tequila company he created with good friend George Clooney in 2013, to . George Clooney is selling his tequila company in a deal that is worth a whopping $1 billion. Found insideConnie tackles everything from: -Breastfeeding Do and Don’ts -The Power of the Pacifier -Bath Time With Baby -The Nighttime Sleep Ritual -Managing New Mommy Stress Connie won’t just get you through the sleepless nights and the explosive ... Joy. Getty Images. The name Casamigos is derived from the Spanish words "casa" and "amigos," house and friends, essentially "house of friends." The brainchild was born in Cabo San Lucas, where Gerber and Clooney were building their vacation homes and . The brand was founded by George Clooney (yes, the actor George Clooney), Rande Gerber (a nightlife entrepreneur, known more as the significant other of supermodel Cindy Crawford) and property developer . We may earn commission on some of the items you choose to buy. As one of the last year, according to Forbes a more accurate lifetime earnings estimate George! 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