As of now, Sammy Hagar does not own Cabo Wabo Tequila anymore. In 2007, Campari Group acquired a majority stake in the tequila brand, and in 2010, they gained full ownership. This means that Hagar no longer has any ownership stake in Cabo Wabo Tequila.
It is important to note that Hagar played a significant role in the creation and success of Cabo Wabo Tequila. He founded the brand in 1996 with the goal of producing a high-quality, premium tequila. Hagar's passion for tequila and his desire to create a tequila that reflected his personal taste and style led him to establish Cabo Wabo.
Since its inception, Cabo Wabo Tequila has gained recognition and popularity, becoming a prominent player in the ultra-premium tequila market. Hagar's involvement as the founder and ambassador for the brand certainly contributed to its success. His reputation as a rock musician and his genuine enthusiasm for tequila helped to raise awareness and establish Cabo Wabo as a respected tequila brand.
Even though Hagar no longer owns Cabo Wabo Tequila, his association with the brand continues. He has maintained his role as an ambassador, promoting the tequila and spreading the word about its quality. Hagar's involvement adds a personal touch to the brand and reinforces its connection to his rock ‘n' roll lifestyle.
It is worth mentioning that Cabo Wabo Tequila has expanded its product range over the years, offering different expressions and variations to cater to a wider audience. This diversification has contributed to the brand's ongoing success and market presence.
While Sammy Hagar played a vital role in the creation and early success of Cabo Wabo Tequila, he no longer owns the brand. Campari Group obtained full ownership in 2010, but Hagar's continued involvement as an ambassador helps maintain the brand's association with his rock ‘n' roll persona.