Tag Archives: Fortune Brands

Morgan Stanley Hired on as Golf Caddy

Posted on January 15, 2011 by chinaski

Bloomberg is reporting that Fortune Brands has hired Morgan Stanley to run the auction of its golfing business, as it moves to divest itself of non-strategic assets and focus its attention to something that warms our hearts: making booze. The … Continue reading →

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Fortune Brands To Sell Non-liquor Assets

Posted on December 9, 2010 by chinaski

Fortune Brands, parent company to iconic brands like Jim Beam bourbon, Titleist golf, and Moen faucets, has decided to divest all non-liquor assets in an attempt to unlock shareholder value and tighten its corporate focus. What will remain at the … Continue reading →

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Beam Me Up Jim: Fortune Brands Under Pressure

Posted on November 15, 2010 by chinaski

The NY Post is reporting that Fortune Brands is consulting with investment bankers to help determine a  response to activist shareholder Bill Ackman’s demands that the conglomerate undergo a sale of its parts to unlock the underlying value of its … Continue reading →

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Shakeup in the Spirit World? Fortune Brands Considers Its Options

Posted on November 13, 2010 by chinaski

The Wall Street Journal is reporting that Fortune Brands may be warming to the possibility of a strategic breakup of the company. Fortune has three distinct businesses, one of which is Booze, which is why we care. They currently own … Continue reading →

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Profits Down at Fortune Brands

Posted on October 30, 2010 by chinaski

Fortune Brands (ticker symbol FO) released their third quarter report on Thursday and the results were somewhat disappointing to investors. Drinkers may be less concerned, but we at the bourbonhours.com are always interested when the father of Makers Mark appears … Continue reading →

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Wax On Wax Off: Makers Mark announces new COO

Posted on October 26, 2010 by chinaski

AP is reporting a change in the executive suite at Makers Mark headquarters. Rob Samuels, age 36, will take over as the new COO (Chief Operating Officer) of the Makers Mark enterprise. Rob Samuels is the grandson of the iconic … Continue reading →

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