Casamigos, which star founded with Rande Gerber and Mike Meldman, bought by Smirnoff and Johnnie Walker owner Diageo

A tequila company co-founded by George Clooney has been sold to UK drinks giant Diageo for up to $1bn (£790m).

The company behind Smirnoff, Johnnie Walker and Baileys announced it would buy Casamigos, created four years ago by the US actor, together with Cindy Crawford’s husband Rande Gerber and property developer Mike Meldman. Diageo said it was the fastest-growing super-premium tequila brand in the US.

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