Blogs and business writers have been reporting that Brown-Forman might make a bid for Rémy Cointreau,
Insider Louisville
noted.
Citing blog reports,
a Bloomberg article said
Brown-Forman has been working with Goldman Sachs and other banks on a possible purchase of Rémy, although no formal talks are being held.
The
Insider Louisville
report noted that an acquisition of Rémy would also add Mount Gay Rum to Brown-Forman’s portfolio.
Insider Louisville
‘s report said that Mount Gay stopped production last month and laid off its entire workforce “after mysterious negotiations broke down.” (Sources:
Insider Louisville,
April 7, 2014; Bloomberg, April 4, 2014.)
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