Bacardi Buys Stake in Patron

John Paul DeJoria, co-founder of Patrón tequila, will become the principal owner of parent company Caribbean Distillers Corporation. In addition, Bacardi Limited will purchase a significant, although unspecified, minority stake in the company through a subsidiary, according to Barry Kabalkin, vice chairman of Bacardi Limited. Specific terms of the agreement were not disclosed.Under the agreement, … Continue reading "Bacardi Buys Stake in Patron"

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