Inside these posts: Bourbon

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Jan. 12 at 6:49 a.m.
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Filed under: Beverages, Food

Makers Mark head to step aside

By Associated Press

For 35 years, Bill Samuels Jr. oversaw Maker’s Mark bourbon as it matured from a regional novelty started by his parents to an international brand recognizable by its red wax seal.

Now he’s planning to step aside for the next generation of his family to lead the rural Kentucky distillery, known for its distinctive square bottles that are sealed with red wax. Samuels, 70, will retire as president of Maker’s Mark on April 15, when he’ll become chairman emeritus of the brand owned by Fortune Brands Inc., the company announced. Get the full story »

Dec. 8, 2010 at 8:14 a.m.
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Filed under: M&A, Venture capital

Fortune Brands to split in 3

By Emily Bryson York

Fortune Brands headquarters. (AP)

Fortune brands, the Deerfield-based purveyor of golf balls, Sauza tequila and Moen faucets, announced it intends to split the company into as many as three parts.

Under a plan approved by Fortune’s board, the company expects to spin off its home and security business to shareholders, sell or spin off its golf business and become a publicly-traded spirits company. Get the full story »