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Jose Cuervo Tequila ‘to go public’
Tequila producer Jose Cuervo is preparing to publicly list its stocks, according to reports that suggest it could raise up to $750 million (£530m).
(Photo: Jose Cuervo)
The Mexican company owned by the Beckmann family is in talks with JPMorgan Chase and Morgan Stanley in preparation for the listing, according to unnamed sources in the New York Times.
It has not yet been decided wether the company will list in the United States, the UK or Mexico, they said.
db has contacted José Cuervo for comment.
At around 250 years old, Jose Cuervo is the longest-running Tequila producer in the Mexican region – the only area in the world that the spirit is allowed to be made.
The Beckmanns are direct descendants of the brand’s founder, Jose Antonio de Cuervo, who began producing Tequila in 1758.