Beam Global Enters New Stage of Growth

Dear Client:In his speech at Morgan Stanley’s Global Consumer & Retail Conference, Fortune Brands’ chief financial officer, Craig Omtvedt, highlighted Fortune’s strategy for its spirits business (Beam Global Spirits and Wine). Right now the company is focused on cutting costs, expanding globally and increasing investment behind its spirits brands. Here are the highlights:WHY FORTUNE SOLD ITS WINE BUSINESS. “We did that for a multitude of reasons. First, from a market standpoint as we looked at wine we said it’s more