Mexican tequila president transfers wealth to daughter
The family behind the world’s bestselling tequila has undergone a wealth transfer as part of the family’s succession plan.
In a statement sent to the Mexican Stock Exchange, Becle SAB, the holding company that owns tequila brand Jose Cuervo, said president Juan Francisco Beckmann had completed the transfer of more than half his stake to his daughter, 12th generation family member Karen Virginia Beckmann.