On Wednesday, Italian spirits giant Campari Group announced the sale of Cabo Wabo, widely agreed to be the first celebrity-backed tequila on the market, to Ireland’s Cobblestone Brands. “Bisquit & Dubouché and Cabo Wabo are exactly the kind of brands we built this platform for.” At its peak in 2006, Cabo Wabo was the second best-selling premium tequila in America, moving roughly 150,000 cases per year. Cabo Wabo lost some of its luster amid the shuffle and is no longer the liquor store favorite it once was. “Cabo Wabo is a brand that helped change the tequila category,” Fagan added.