Ryan Reynolds Sells Aviation American Gin Brand for Over $600 Million

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On Monday, Aug 17, British alcoholic beverage company Diageo announced it purchased the popular Oregon-based gin brand, Aviation American Gin, from Davos Brands and world-renowned actor (and co-owner) Ryan Reynolds. According to CBS News, the deal was closed with a potential payout of up to $610 million—a payment of $335 million up front, with up to $275 million based on sales of the gin over the next 10 years. Following the deal, Diageo also stated that Reynolds and Davos would still maintain “an ongoing ownership interest.”

“A little over two years ago, I became an owner of Aviation Gin because I love the taste of Aviation more than any other spirit,” Reynolds said in the announcement on Diageo’s website. “What I didn’t expect was the sheer creative joy learning a new industry would bring. Growing the brand with my company,…

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