News

Brown-Forman considers sale of Hartmann subsidiary

31/08/2006

US consumer products company Brown-Forman Corporation is exploring strategic alternatives for its subsidiary, Hartmann, Inc., a manufacturer of leather goods and luggage, including a possible sale.

"Hartmann is a strong and recognisable brand in its industry and enjoys a legion of dedicated and loyal consumers," said Paul Varga, Brown-Forman's chief executive officer. “With Brown-Forman's increasing focus on our global beverage business, we want to ensure that Hartmann and its employees have the very best chance to realise their full potential. Accordingly, we're exploring a full range of strategic options."

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