Pernod Ricard takes full control of Avión Tequila

Pernod Ricard has acquired the remaining shares in Avión Tequila from its founder Ken Austin, as well as those held by Grammy award-winning rapper Jeezy.

Avión Tequila was founded by Austin in 2010, and came to prominence initially through its appearances on TV show Entourage.

In July 2011, Pernod Ricard took a minority interest in the brand, in addition to receiving worldwide distribution rights. In 2014 the producer reportedly upped its involvement buying a majority stake in the brand for around US$100m. Rapper Jeezy became the brand’s “multicultural advisor” in 2013.

This week the French drinks giant confirmed it had purchased the remaining shares in the company for an undisclosed sum, taking 100% ownership as part of its growth and innovation strategy in the United States.

“When I first became involved with Tequila Avión in 2013, I knew it had enormous potential on a global scale,” said Jeezy of the sale. “This next step with Pernod Ricard USA and continued partnership with founder and chairman, Ken Austin, will allow us to continue to grow the brand on the worldwide stage.”

Despite its sale, founder Ken Austin, President Jenna Fagnan and Jeezy will remain “highly involved and financially incentivized at least until 2020” to further the brand’s growth, Pernod Ricard said.

“Avión has become a leading aspirational lifestyle brand in the fast-growing ultra-premium tequila category,” said Paul Duffy, chief executive officer of Pernod Ricard USA.

“This acquisition is important for Pernod Ricard USA as we focus on premiumization and building brands that consumers are passionate about. We look forward to continuing to develop and grow this exciting brand.”

The Tequila Avión portfolio includes a Silver, Reposado, Anejo, Espresso Liqueur and Avión Reserva 44 Extra Anejo.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Sales Manager

The Drinks Business
London, UK

Account Manager

Justerini & Brooks
Edinburgh, UK

Senior Partner Manager - eCommerce

Maverick Drinks
London, UK


Liberty Wines
London, UK

HR Co-ordinator

Liberty Wines
London, UK

Director of Sales

Gulf Brands International

Head of Trade Marketing

Lanson International UK Ltd
London W1

Customer Development Manager

Love Drinks
London, UK

Junior Brand Manager x2

London, UK

Assistant Brand Manager

Swallow Associates Ltd
Kings Langley, UK

Champagne Masterclass

London,United Kingdom
10th Sep 2018


London,United Kingdom
10th Sep 2018

Cape Wine 2018

Cape Town,South Africa
12th Sep 2018
Click to view more

The Global Beer Competition

Deadline : 22nd August 2018

The Global Malbec Masters 2018

Deadline : 1st September 2018

Click to view more

Cabernet Sauvignon Masters 2018

the drinks business is proud to announce the fifth year of its Global Cabernet Sauvignon Masters

The Global Pinot Noir Masters 2018

the drinks business is proud to announce the fourth year of the Global Pinot Noir Masters, the most extensive competition in the Global Masters series.

Click to view more