Fortune Brands announces its Q4 results on Friday (29 January)

Fortune Brands announces its Q4 results on Friday (29 January)

Fortune Brands, the parent company of Beam Global Spirits & Wine, will report its fourth quarter and full-year results tomorrow (29 January).

Here, just-drinks takes a look at the highs and lows for Beam Global in the three months to the end of December.

  • A week earlier, the general manager of Courvoisier, Beam Global's Cognac arm, told just-drinks that he was still cautious on talk of an economic recovery in its key US market. Patrice Pinet noted, however, that he was increasingly optimistic about the UK, Russia and Asia.
  • In October, Beam Global announced a realignment of its organisation, both in the US and internationally. The changes have been introduced to "strengthen the long-term performance of its brands and promote organisational effectiveness and efficiency", the company said.
  • This realignment will result in what the division called “modest” job cuts. Beam Global intends to to cut staff numbers, with some positions being eliminated and new positions set to be filled to enhance capabilities in certain areas.

For Fortunes Q3 results, click here.