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Diageo Acquires Hollywood-influenced Aviation Gin

foodprocessing 2020-08-17
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Diageo, whose gin portfolio already includes well-known brands like Tanqueray and Gordon’s, is adding another brand to the list: Aviation American Gin. The brand, sold for $610 million, is backed by Ryan Reynolds, perhaps most well known for his performance as Marvel Comics Deadpool. 

The Hollywood-influenced purchase isnt a first for Diageo, who also acquired George Clooneys Casamigos for $1 billion in 2017. 

Reynolds, who has had a minority stake in Aviation Gin since 2018, will retain his interest after the sale is complete. Also part of the acquisition is Diageos purchase of Aviation Gins majority stakeholder, Davos Brands, as well as Davos portfolio consisting of Astral Tequila, Sombra Mezcal and TYKU Sake.

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