Reuters Summit-Fortune's golf business
The maker of Jim Beam bourbon, Titleist golf balls and Moen faucets announced plans late last year to sell or spin off its golf business and spin off its pub golf rules home products business amid pressure from activist investor William Ackman. "There are really four groups of people that we believe will be part of the process -- we think it will be a robust process," Fortune Brands Chief Executive Officer Bruce Carbonari said on Monday at the Reuters Food Mahan Is On Top At Doral and Agriculture Summit in Chicago.He expects interest from multinational companies, which could include rivals such as Nike Inc or Adidas , private equity firms, Asian or Middle Eastern sovereign investors and high net-worth individuals.
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