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Brown-Forman

March 4, 2016

Winterkorn aware of Volkswagen emission cheating software back in 2014; Heineken announces $2bn spending spree in Mexico; and Brown-Forman shifts focus to US

Winterkorn aware of Volkswagen emission cheating software back in 2014

Volkswagen shares suffered a slight dip, before recovering lost ground, after the carmaker admitted that former CEO Martin Winterkorn was aware of emission cheating software as early as May 2014.

January 15, 2016

Brown-Forman sells liqueur brands to fellow family-owned business, fourth-gen announces succession plan at Schindler Group, leadership change at White Castle, and Mills family sells out to KKR.

Brown-Forman sells liqueur brands to fellow family-owned business, fourth-gen announces succession plan at Schindler Group, leadership change at White Castle, and Mills family sells out to KKR.

Brown-Forman sells two liqueur brands

US family alcohol business Brown-Forman has sold two of its liqueur brands, Southern Comfort and Tuaca, to another family-owned company, Sazerac Company, for $544 million.

April 7, 2014

Brown-Forman, one of the US's largest spirits companies, is rumoured to have its sights set on acquiring third-generation French cognac business Remy Cointreau.

Brown-Forman, one of the US's largest spirits companies, is rumoured to have its sights set on acquiring third-generation French cognac business Remy Cointreau.

The source of the rumour was Betaville, a City of London blog penned by freelance financial journalist Ben Harrington.

June 26, 2013

Family business should not be confused with small business in the US

Size matters in the US, which is home to some of the world’s biggest family businesses. The country’s five largest family-controlled firms – Walmart, Ford, Cargill, Koch Industries and Comcast – had combined revenues of $911.9 billion (€694.8 billion) in 2012, more than Indonesia’s GDP.

September 28, 2011

Owsley Brown II, former chairman and chief executive of family-controlled wine and liquor company Brown-Forman, died on 26 September aged 69.

Owsley Brown II, former chairman and chief executive of family-controlled wine and liquor company Brown-Forman, died on 26 September aged 69.

The great-grandson of the founder of the company, Brown died after a brief illness, said a statement by the American beverage group.

Brown, who started his career at the family business in 1968, became its chief executive in 1993 and took over as chairman two years later.

June 15, 2011

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

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