Speculation over possible Brown-Forman takeover of Rémy




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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