On Monday, Diageo announced a new strategic joint venture with Santa Monica, Calif.-based investment and advisory firm Main Street Advisors.
Within the deal, Diageo will exchange majority ownership of Cîroc Ultra-Premium Vodka’s North American brand rights in exchange for the worldwide brand rights to Lobos 1707. According to a press release, the equity swap exchange is intended to maximize the value of both brands, which will both maintain their brand identities.






