Nuvo Liqueur Put Up For Sale According to Press Reports

NuvoSource: Shaken Daily

Nuvo, the French sparkling liqueur brand that was majority-owned by Diageo until recently, has been put on the block, according to press reports. U.K. investment bank Houlihan Lokey has been tapped to sell Nuvo, in a deal that’s valued at around $50 million.

Nuvo was launched in 2007 by New York entrepreneur Raphael Yakoby, who also developed the Hpnotiq brand. Diageo took a minority interest in Nuvo’s owner, Yakoby’s London Group, that same year, and in 2010 the spirits giant raised its stake to a controlling 70%. However, last month Diageo sold its ownership stake in Nuvo back to Yakoby.

. . .

Follow this link to read more about Nuvo being put up for sale.

Read more on

Suggested Articles

Acclaimed Chef Thomas Keller joins the list of businesses suing for their insurance companies to pay out on losses from the coronavirus outbreak.

In part two of our COVID-19 Planning webinar, we spoke with attorney Lee Jacobs about several employee management topics.

If you need to tell your landlord you can't make rent, this letter from The Cheesecake Factory CEO can serve as a great template.