Diageo acquires newly launched ‘Ranch Water’ hard seltzer brand

Alcohol giant Diageo has acquired Far West Spirits LLC, owner of the Lone River Ranch Water (‘Lone River’) brand. Lone River is a hard seltzer that takes inspiration from the popular classic Texan “Ranch Water” cocktail. Lone River was founded in 2019 by native Texan, Katie Beal Brown. Katie will retain a minority interest and…

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