Cuervo Officially Files for IPO in Mexico

Following months of speculation and rumors, the Beckmann family, owner of Casa Cuervo, has officially filed for an initial public offering on the Mexican stock exchange, reports Reuters. The IPO filing didn't reveal much, but you may recall, previous reports estimated the Beckmanns would seek between $750 million and $1 billion [see WSD 05-31-2016].Cuervo is one of the largest Mexican spirits companies, and is represented by subsidiary Proximo Spirits in the US, where it does two-thirds of its business. The