Diddy x Ciroc. Diddy will officially be expanding his business role as current 50% equity partner of Ciroc Vodka with liquor company Diageo. Since Diddy’s partnership with the Vodka brand, Ciroc has seen sales increase from 60,000 cases in the first half of 2007 to 400,000 cases during the 2008-2009 period. As a result, Diddy and Ciroc are launching two new flavors of the Vodka line with Diddy maintaining complete creative control and a whopping 50% of all profits. Unlike the majority of artist endorsements where they get paid a flat fee, Diddy is a true equity partner with Ciroc.
We showed you a glimpse of the new Ciroc flavors, coconut and red berry, last week. Expect to see even more aggressive marketing using Diddy’s image and ideas for the new marketing campaign in the near future. People might hate on him these days but there is no denying Diddy is a true marketing hustler and the money keeps rolling in. Via: Bloomberg

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