Fortune Brands, owner of Jim Beam, Maker's Mark, Knob Creek, Booker's, Baker's, Basil Hayden's, Old Grand-Dad, and Old Crow, announced today that it is getting out of all non-beverage businesses. It will spin-off its home and security products businesses (Moen faucets, MasterCraft cabinets, Master Lock security products, etc.) as a new, independent company, and either sell or spin-off its golf products businesses (Titleist golf balls, etc.).
This has been approved by the board in principle but they still have to figure out exactly how they're going to do it, so the actual deed is months away, at least.
Since Beam Global is Fortune's only distilled spirits business, one of those names probably will go away and it probably won't be Fortune.