Mackay Group of Companies announces tender of initial offer to purchase VuQo Premium Vodka for US$40M
November 7, 2011
– The Mackay Group of Companies has just announced that it has tendered an initial offer to purchase VuQo Premium Vodka at a price of $40 Million. VuQo Premium Vodka is a brand of VuQo Holdings Corporation (PINKSHEETS: VUQO) with offices in New York and Manila.
"Rich Cabael (Founder and C.E.O. of VuQo) and his team have done an outstanding job at positioning VuQo in an industry cluttered with so many 'me too' products," said Shane Mulcahy, President of The Mackay Group. "VuQo being the only vodka distilled from coconut, we believe we can grow VuQo to the levels of brands such as Grey Goose and Ketel One with our vast experience and extensive network in entertainment, hotels and resorts throughout the world."
Discussions with Cabael are ongoing.
Founded by James Mackay and based in Hong Kong, The Mackay Group owns companies in several industries including food and beverage, entertainment, property, biotechnology and renewable energy.
Mackay is one of the largest club and bar owners in London, England in the mid 90's, having designed and established venues such as Voodoo Lounge, The Edge, Fabric and Matrix. He owned a total of 17 nightclubs and bars partnering with high profile entertainment personalities such as the Rolling Stones. Mackay Entertainment continues to operate restaurants, bars, nightclubs, hotels and resorts globally.