AP reports from New York that Bacardi Limited plans to swallow the rest of Patron Spirits in a deal that values the tequila maker at $5.1 billion.
Patron’s current top executives will remain in place, while Greek-American co-founder John Paul DeJoria will become chairman emeritus and focus on philanthropy.
It’s a long way from being homeless – twice – to amassing a fortune of $3.1 billion and 248th on the Forbes 400 list of the richest Americans, but John Paul DeJoria – son of a Italian immigrant father and Greek immigrant mother, has achieved this feat.
He grew up in Los Angelese, is co-founder of the hair company John Paul Mitchell Systems and the Patron Spirits company producing tequila and known for his philanthropy and business ethics, including taking a stand against animal testing.
Read more here.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: Charlie Llewellin License: CC-BY-SA
Source: thenationalherald.com
