Home / Arts and Entertainment / Miles Teller Sells Stake in Booming Drink Brand
Miles Teller Sells Stake in Booming Drink Brand
21 Apr
Summary
- Miles Teller sold his stake in a Finnish-style canned cocktail brand.
- The acquisition of the brand was valued at USD 325 million.
- Teller plans to continue acting and producing after the sale.
Actor Miles Teller, known for his roles in 'Whiplash' and 'Top Gun: Maverick,' recently finalized a lucrative business deal, selling his minority stake in a Finnish-style canned cocktail brand. The brand was acquired for USD 325 million, marking a significant financial success for the actor.
Teller, 39, expressed immense pride in the brand's founders and their journey, highlighting how they successfully scaled their product on the global stage. He described the venture as embodying the "true American dream" and clarified that this business achievement does not signal a departure from his acting career.
Having first invested in the company in 2019, Teller's ownership stake grew over time, with the brand also attracting investors like Jay-Z's Marcy Venture Partners. The actor indicated that the proceeds from this sale will bolster his endeavors in producing, particularly his inclination towards championing underdog narratives.
Teller's wife, Keleigh, shared her excitement on social media, confirming their ongoing connection to the brand and expressing gratitude to all involved in their journey. The sale represents a major milestone in what has become a highly successful celebrity business venture for the Hollywood star.
