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Jim Beam, Maker’s Mark, and Knob Creek bourbons will soon have a second home in Japan. Beam, the owner of the whiskeys and the world’s fourth-biggest liquor company by sales, has reached a deal to be purchased by Osaka’s Suntory, a family-owned liquor company that’s No. 15 worldwide, the Wall Street Journal reports. The $13.6 billion cash deal is poised to be the third biggest the liquor industry has ever seen, as well as the third-biggest overseas buy by a Japanese firm.
It seems that this is inevitable - family business succeeds, grows, and is then absorbed into a larger corporation. I was recently reading about the Wanamaker business and its multiple changes in ownership - all that we have today is the building in Philly. Sad.
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