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Diagio Acquires Ryan Reynolds' Aviation Gin for $610M
By: Fast Company
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Ryan Reynolds’s Aviation Gin just entered the golden circle of spirits with an acquisition from multibillion-dollar alcoholic beverage company Diageo.

In 2018, Reynolds bought a stake in Portland-based spirits company Aviation Gin, becoming its co-owner and creative director. What was already the fastest growing gin brand in the world was turbo charged with Reynolds’s engineering savvy marketing campaigns such as throwing a 21st birthday for a woman born on a Leap Day in 1936 and giving the Peloton ad woman a redemptive story arc. (Reynolds is one of Fast Company‘s Most Creative People in Business for 2020.)

Celebrities have certainly made liquor their investment playground—Sean Combs and Cîroc, George Clooney and Casamigos, Matthew McConaughey and Wild Turkey, etc.

But with Reynolds’s eye for the irreverent, Aviation Gin has earned a unique kind of cultural cachet that’s been hard to ignore.

Enter Diageo.

Announced today, Diageo, which owns brands including Johnnie Walker, Crown Royal, Cîroc, Casamigos, and Tanqueray, has acquired Aviation Gin and its parent company Davos Brands for $610 million.



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This article was published on Fast Company. A link to the original piece appears after the post. www.fastcompany.com
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