Sammy Hagar's Tequila Supergroup

If he can do it........  Full Story here

http://www.businessweek.com/smallbiz/content/...256506.htm

The rocker explains how and why he decided to sell a majority stake in his $60 million-a-year Cabo Wabo tequila business to Campari/Skyy

The Entrepreneur: Sammy Hagar, 59

Background: Rock 'n' Roll Hall of Fame inductee and former front man of rock bands Van Halen and Montrose

The Company: In 1992, Hagar opened his Cabo Wabo Cantina in Cabo San Lucas, Mexico, and four years later launched his own brand of premium tequila, also called Cabo Wabo.

Sales: Cabo Wabo Enterprises, based in Novato, Calif., earned about $60 million in sales in 2007.

The Deal: In May, 2007, Hagar announced a deal to sell an 80% stake in Cabo Wabo Enterprises to Campari/Skyy for $80 million.

$TEMN

(posted by bizzard)