Diageo in talks with Cuervo on options - sources
Diageo in talks with Cuervo on options - sources
May 25, 2011 6
(Reuters) - Diageo Plc (DGE.L), the world's biggest spirits maker, is in talks with the owners of Jose Cuervo tequila over extending a distribution deal or buying it outright for over $2 billion (1 billion pounds), sources familiar with the matter told Reuters.
The London-based group distributes the world's best-selling tequila in most big export markets outside Mexico and is currently talking with the Beckmann family owners about what happens when this long-term contract ends in June 2013.
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