Fortune Brands to Split into Three Units

by Hugh Collins on Dec.08, 2010, under Towing

Fortune Brands (FO), maker of Jim Beam whisky, plans to split into three separate units.

Fortune Brands will continue to focus on its distilled spirits business, the company said in a statement. Fortune’s home and security business will be spun off into an independent, publicly traded company while its golf business will be spun off or sold.

“We are taking the next logical step in the evolution of…

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Fortune Brands to Split into Three Units originally appeared on DailyFinance on Wed, 08 Dec 2010 06:36:00.

Filed Under: Company News, Retail