Diageo buys US gin brand co-owned by Hollywood star Ryan Reynolds

Aviation American will join Diageo’s wide-ranging portfolio of gins, that include Tanqueray and Gordon’s

Actor Ryan Reynolds will retain a stake in Aviation Gin despite Diageo's takeover.

Diageo, the world’s largest spirits maker, has said it is buying Aviation American Gin, co-owned by Hollywood actor Ryan Reynolds, through the acquisition of Aviation Gin and Davos Brands for up to $610m (€515m).

Under the deal, Diageo – which also owns Guinness and Baileys - will also own other brands in the Davos Brands’ portfolio, including Astral Tequila, Sombra Mezcal and TYKU Sake, with Mr Reynolds retaining an ownership interest in Aviation American Gin.