**Miles Teller’s Long Drink Company Sold for $325 Million**
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In a significant move within the beverage industry, actor Miles Teller’s canned cocktail brand, Long Drink, has been sold for an impressive $325 million. This transaction, which was reported earlier this week, indicates Teller’s growing influence in the business world, particularly in the alcohol sector, where he has made noteworthy strides since becoming involved with the brand.
Teller, best known for his role in “Top Gun: Maverick,” expressed his pride concerning the sale during an interview with The Hollywood Reporter. He highlighted the success of Long Drink, which produces Finnish-style alcoholic beverages infused with gin and juniper berry flavours. This sale represents a major milestone for the brand and its founders, hailing from a country known for limited exports. Teller remarked, “How cool for them to come from a country where they don’t export a lot of things on the global stage.”
The brand was acquired by the Mark Anthony Group of Companies, which is also noted for its popular hard seltzer brand, White Claw. Teller’s relationship with Long Drink began in 2019 when he secured a minority stake in the company, and over the years, he has increased his ownership in the brand. Notably, Jay-Z’s Marcy Venture Partners also played a role as an investor in Long Drink, further linking the venture to high-profile celebrity entrepreneurship.
Despite the substantial financial gain from the sale, Teller emphasised that he has no plans to retire from acting any time soon. He lightly quipped about the financial details, stating that he prefers to maintain a level of discretion regarding monetary discussions. “All I’ll say is that I’m not retiring from acting anytime soon,” he joked, hinting at his continuing plans in both acting and business.
With this new influx of capital, Teller is eager to explore various opportunities in the film industry, particularly in producing projects that resonate with him. He expressed a keen interest in developing underdog narratives that reflect the struggles of characters or communities against the odds. “This gives me a lot of confidence to trust my instincts. I’ve been producing for the last several years,” he shared, suggesting that the skills and connections he has acquired through acting may be advantageous in his future endeavours.
Keleigh Sperry Teller, Miles’ wife, also expressed her enthusiasm about the company’s future through an Instagram post. She announced that both would remain involved with Long Drink, reinforcing their commitment to expanding the brand. “We’re just getting started! We can’t wait to keep growing Long Drink everywhere,” she said, reflecting the couple’s shared passion for the venture and their gratitude for the support they have received from friends and partners along the way.
Teller’s success is part of a growing trend in which numerous celebrities have entered the alcohol market over the past few years. Stars such as Blake Lively, Kylie Jenner, and Neil Patrick Harris have all attempted to carve out their own niches in the industry. Teller acknowledged that several of his fellow celebrity entrepreneurs reached out to congratulate him following the sale, signifying a supportive network within this emerging area of business.
He candidly noted the challenges associated with launching and maintaining a successful alcohol brand, referencing the mixed records of celebrity ventures in this field. “If you do the research on the celebrity brands, a lot of times it doesn’t work out. It’s tough to build a business, in general,” he remarked. Teller underscored the rarity of achieving such financial success after a business venture, highlighting the unique nature of this accomplishment.
With this transaction marking a significant chapter in his career, Teller has seamlessly blended his identities as an actor and an entrepreneur. As he navigates this new terrain, he remains committed to using his celebrity status to help bring compelling stories to life on screen, while simultaneously nurturing the brand that started as a novel idea. The journey of Long Drink illustrates the intersection of creativity and commerce, leaving observers eager to see how Teller’s accomplishments will evolve in both fields.