UK: JBB sells Scotch business to management team
By Chris Brook-Carter | 16 October 2001
Fortune Brands, today announced that its Jim Beam Brands Worldwide unit has sold its UK-based Scotch whisky business, to a management buy-out team. The sale of the business, consisting of the Invergordon private-label and bulk Scotch operations and several regional brands in the UK is an attempt to sharpen the company's focus on high-return premium and super-premium spirits and wine brands, the company said.
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Fortune Brands, today announced that its Jim Beam Brands Worldwide unit has sold its UK-based Scotch whisky business, to a management buy-out team. The sale of the business, consisting of the Invergordon private-label and bulk Scotch operations and several regional brands in the UK is an attempt to sharpen the company's focus on high-return premium and super-premium spirits and wine brands, the company said.
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