Does ryan reynolds still own aviation gin?

Does Ryan Reynolds Still Own Aviation Gin?

Ryan Reynolds, the beloved actor known for his witty humor and charming on-screen presence, made headlines in 2018 when he acquired a majority stake in Aviation American Gin, a craft gin brand based in Oregon, USA. The acquisition was a significant move for both Reynolds and the gin brand, as it marked a new era of growth and expansion for the company. But the question on everyone’s mind is: does Ryan Reynolds still own Aviation Gin?

The Acquisition

In September 2018, Reynolds announced that he had acquired a majority stake in Aviation American Gin, which was founded in 2006 by Christian Krogstad and Ryan Cameron. At the time, the brand was known for its unique blend of botanicals and smooth, approachable flavor profile. Reynolds, who is known for his love of whiskey and other spirits, saw an opportunity to take the brand to the next level and make it a household name.

The Partnership

As part of the acquisition, Reynolds partnered with Krogstad and Cameron to continue to produce and distribute Aviation Gin. The partnership was seen as a win-win for both parties, as Reynolds brought his celebrity status and marketing expertise to the table, while Krogstad and Cameron maintained creative control and continued to oversee the production of the gin.

The Growth

Under Reynolds’ ownership, Aviation Gin experienced significant growth and expansion. The brand launched new products, including a line of canned cocktails and a limited-edition gin infused with lavender and honey. The brand also expanded its distribution channels, becoming available in more than 20 countries around the world.

The Sale

In April 2021, it was announced that Reynolds had sold Aviation Gin to Diageo, a multinational beverage company, for a reported $610 million. The sale marked a significant milestone for both Reynolds and the brand, as it brought in a new era of growth and expansion for the company.

Does Ryan Reynolds Still Own Aviation Gin?

So, to answer the question: does Ryan Reynolds still own Aviation Gin? The answer is no. Reynolds sold his majority stake in the brand to Diageo in 2021, marking the end of his ownership and partnership with the company.

What’s Next for Aviation Gin?

With Diageo at the helm, Aviation Gin is expected to continue to grow and expand its presence in the global spirits market. The brand has already announced plans to launch new products and expand its distribution channels, and it’s likely that we’ll see more exciting developments from the brand in the coming years.

Key Takeaways

Here are some key takeaways from the sale of Aviation Gin:

• Ryan Reynolds no longer owns Aviation Gin: Reynolds sold his majority stake in the brand to Diageo in 2021.
• Diageo is the new owner: Diageo, a multinational beverage company, acquired Aviation Gin for a reported $610 million.
• Growth and expansion expected: With Diageo at the helm, Aviation Gin is expected to continue to grow and expand its presence in the global spirits market.
• New products and distribution channels: The brand has announced plans to launch new products and expand its distribution channels, and it’s likely that we’ll see more exciting developments from the brand in the coming years.

Table: Aviation Gin’s Growth Under Reynolds’ Ownership

Conclusion

Ryan Reynolds’ acquisition of Aviation Gin in 2018 marked a significant milestone for the brand, and his partnership with Krogstad and Cameron helped to take the brand to new heights. While Reynolds is no longer the owner of the brand, the sale to Diageo marks a new era of growth and expansion for the company. As we look to the future, it’s exciting to think about what’s next for Aviation Gin and how the brand will continue to evolve and grow under its new ownership.