Jose Cuervo Prepares to Take Its Tequila PublicJose Cuervo, the world’s biggest tequila producer, is planning to go public. via Pinterest | jose cuervo – Hledat Googlem | Jose Cuervo | Pinterest | Jose Cuervo, Search and Gold (mb.com.ph)The company, controlled by the billionaire Beckmann family, filed for an initial public offering on the Mexico stock exchange Tuesday. While Mexico’s IPO market has been sluggish this year, Cuervo is seeking to break the slump with its 250-year-old brand. The company is embarking on a plan to transform the area surrounding the town of Tequila, Mexico, into a Napa Valley-like destination for tourists and aficionados of the spirit made from blue-agave plants. Cuervo plans to use proceeds from the offering for general corporate purposes, which may include acquisitions, according to the prospectus.

Source: Manila Bulletin September 28, 2016 03:11 UTC