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Chris Noth's tequila brand loses $12 million acquisition deal due to sexual assault allegations
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A $12 million deal to acquire Chris Noth’s tequila brand has been called off in the wake of the sexual assault allegations against the "Sex and the City" actor, FOX Business can confirm.
Noth’s tequila brand, Ambhar, was being courted for acquisition by Entertainment Arts Research, Inc. (EARI), a beverage company that has shown interest in celebrity drink brands in the past.
The company announced Friday, though, that it was taking direct action to end its discussion to acquire Ambhar in light of the fact that two women have come forward with allegations that Noth sexually assaulted them years ago. The move effectively terminates a deal that would have raked in roughly $12 million for Noth’s Ambhar.
Representatives for the tequila company did not immediately respond to FOX Business’ request for comment.
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