In recent years, tequila has become one of the most popular spirits in the world. Thanks to its smooth taste and versatile nature, tequila can be enjoyed in various ways. Whether you prefer it neat, on the rocks, or in a margarita, there’s a tequila for everyone. And when it comes to tequila, not many brands are as renowned as Patron. But who exactly owns Patron? The answer may surprise you.
Patron is a tequila company founded in 1989 by John Paul DeJoria and Martin Crowley. The company is headquartered in Las Vegas, Nevada. As of 2018, Patron has an estimated worth of $5.1 billion. The majority stake in the company is owned by Bacardi Limited. However, DeJoria and Crowley both retained a minority stake in the company.
So next time you’re enjoying a delicious margarita, remember that you’re actually drinking a spirit from America’s heartland. This article provides interesting information on the existence of Patron and who was responsible for its creation.
What is Patron?
Patron Spirits Company is a leading manufacturer of tequila and other distilled spirits. The company was founded in 1989 by John Paul Jones III and Martin Crowley, with its headquarters in Las Vegas, Nevada. Patron manufactures a wide variety of tequila, including the famous Patrón Silver and Patrón Añejo.
In addition to tequila, the company also produces vodka, rum, and liqueurs. Patron Spirits Company is owned by Bacardi Limited. This privately held company also owns several other alcohol brands, such as Grey Goose vodka and Dewar’s Scotch whisky.
Who Owns Patron?
Patrón Tequila Company is a well-known brand of premium tequila founded in 1989 by John Paul DeJoria and Martin Crowley. Although both individuals now jointly owned the company, DeJoria was initially the sole owner of Patrón Tequila. Before starting the tequila business, he had already achieved considerable success as the co-founder of John Paul Mitchell Systems, an influential hair care company.
As he got involved with Patrón Tequila, DeJoria leveraged his decades of entrepreneurial experience and expertise in building successful brands. In addition, Crowley played a crucial role in bringing Patrón Tequila to market, using his vast knowledge of the spirits industry to help the brand succeed from the very beginning.
Together, these two founders helped create one of the most iconic tequila brands in history. Today, Patrón’s line of award-winning tequilas continues to grow in popularity around the world.
It seems clear that although there is some disagreement about who “owns” the Patron Company, its success is largely contingent on its employees’ support and hard work. Whether they are working in a factory or a retail store, all workers are critical to the company’s continued prosperity. They are contributing to its reputation as one of the most profitable and respected liquor producers globally.
As this realization grows among patrons and customers alike, we will likely see changes in how we think about ownership and responsibility at the Patron Company.