Fortune Brands was a holding company founded in 1969 as American Brands and later renamed in 1997 and split apart in 2011. The corporate headquarters was in Deerfield, Illinois in the United States. The company historically had a significant diversity of product offerings. It announced on December 8, 2010, that it planned to focus on its liquor business, and to spin off or sell other parts of the company — including home furnishings and hardware and other golf products. The company then sold its Titleist and FootJoy product lines to FILA Korea. On October 3, 2011, it split the remainder of its business into two publicly traded companies: Fortune Brands Home & Security (NYSE: FBHS) and Beam Inc. (NYSE: BEAM).
Read more about Fortune Brands: History
Famous quotes containing the words fortune and/or brands:
“Cease to ask what the morrow will hold and count as gain each day that Fortune grants.”
—Horace [Quintus Horatius Flaccus] (65–8 B.C.)
“Helios makes all things right:
night brands and chokes
as if destruction broke
over furze and stone and crop.”
—Hilda Doolittle (1886–1961)