A tequila brand started in 2013, now is worth 1 billion USD? With the brand “George Clooney” leaving the company, but “sticks around”?

Does tequila smell fishy? Please.  

https://www.businessinsider.nl/george-clooney-tequila-casamigos-sold-for-1-billion-2017-6/?international=true&r=US

http://money.cnn.com/2017/06/21/investing/george-clooney-sells-tequila-casamigos/index.html

Diageo (UK) is the owner of Johnnie Walker, Smirnoff and Cîroc. Diageo sells 400 different products. It pays Clooney and his three partnes $ 700 million now and promises up to $ 300 million depending om the performance during the following 10 years. The transaction is expected to close during the second half of 2017.

Why would Diageo pay this much? The alternative is to buy a small unknown tequila brand and hire a worldfamous star, like George Clooney or Richard Gere, for marketing activities in the 10 years that follow. How much did Nespresso pay?

  • Alcohol in general is not an online market.
  • Most offline sales locations of Casamigos are in the USA and retail.
  • Stronger drinks are mainly bought in bars and a bit in retail.
  • Scaling-up production (the product depends on natural ingredients) isnot easy.
  • Casamigos so far didnot mass produce tequila. I can’t believe it.

Casamigos focusses on a limited market so far. They have not yet convinced the USA horeca market to switch to Casamigos tequila. Perhaps they will be able to do so in the following years. But is that worth $ 700 million?

They basically paid this amount for Rande Gerber and George Clooney to help do marketing the next 10 years? Really? Sorry, but I am not convinced. What is this?

This is the official press release. Can someone please convince me?

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3 Responses to A tequila brand started in 2013, now is worth 1 billion USD? With the brand “George Clooney” leaving the company, but “sticks around”?

  1. Looney Clowney says:

    So now what is that about, look at this you sweet sweet girls at number X-hs.

    • maudoortwijn says:

      If George Clooney funds an organization that labels critical thinkers against the NWO as extremists and conspiracy theorists, then he finally admits where he has been standing all along. Admittng it openly, is a first step.

  2. Looney Clowney says:

    https://www.watermarkconferenceforwomen.org/speakers/

    Amal speaks wat the Watermark conference on 23 february so 223. San Francisco.

    Speakers
    Thank you to all of our amazing 2017 speakers! Check out the Conference Center page for recaps and resources.
    If you’re interested in speaking, please CLICK HERE.
    2018 Speakers will be listed here as they are confirmed.

    Keynote speakers

    Amal Clooney
    is a British human rights lawyer practicing at Doughty Street Chambers in London, where she specializes in international law and human right…
    Read Full Bio

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