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This question is about Bacardi.
Who owns Bacardi?
The Bacardi family owns Bacardi. The company is a privately held, family-owned spirits company. Since 1862, Bacardi Limited has been owned by the Cuban family and it is now one of the largest privately held, family-owned spirits companies in the world.
Bacardi is headquartered in Hamilton, Bermuda, and has a board of directors led by the original founder's great-great grandson, Facundo L. Bacardi, the chairman of the board.
Bacardi has made numerous acquisitions to diversify from the original Bacardi rum brand. In 1993, Bacardi merged with Martini Rossi, the Italian producer of Martini vermouth and sparkling wines, creating the Bacardi-Martini group.
Bacardi acquired Dewar's scotch, including Royal Brackla and Bombay Sapphire gin from Diageo for $2 billion in 1998. In 2002 the company acquired the Cazadores tequila brand and in 2004, Bacardi purchased Grey Goose, a French-made vodka, from Sidney Frank for $2 billion.
In 2006 Bacardi Limited purchased the New Zealand vodka brand 42 Below. In 2018, Bacardi Limited purchased tequila manufacturer Patron for $5.1 billion.
Bacardi employs over 7,000 people. The company sells its products in over 170 countries, including the United States. The company's annual revenues are undisclosed but known to be very high, in the billion-dollar range.
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