Diageo opens discussions to acquire half of Zacapa

29 November, 2010

Diageo has initiated discussions to take over 50% of Guatemalan rum brand Zacapa.

Diageo already markets and distributes the brand, following a three-year deal with Guatemalan group Industrias Licoreras, signed in 2008.

As part of the deal Diageo agreed the option for the take up of a 50% equity stake in April 2011, “subject to performance criterion”.

A spokesperson from Diageo said: “We are in discussions with the brand owners about the future shape of our relationship.”

The spokesperson declined to give details of the progress of discussions, adding “when we have something to announce on that then we will do”.

“Until then we will carry on working together to build the brand as we have done since 2008.”

Diageo currently distributes Zacapa 23 and XO to global markets, including Spain, Italy and the US.





Comment

Nick Strangeway

Bottled cocktails: The dos and don'ts

Pre-made cocktails have always carried a stigma, which I find odd. The romance of watching bartenders make drinks from scratch left pre-batched cocktails feeling cheap to many consumers, but lockdowns have forced this attitude to change.

Events

Facebook

Twitter