Farrer: B-F is sticking with Finlandia; and Kindred sells 12 acute-care hospitals

A news summary focused on 10 big employers; updated 8:43 a.m.

marshall-farrer
Farrer

BROWN-FORMAN is still “very committed” to its Finlandia vodka unit, despite struggling sales in major Russian and eastern European markets, according to Marshall Farrer, head of the distiller’s global travel retail business and a company director. Farrer’s remarks, at the annual TFWA World Exhibition & Conference now under way in Cannes, followed industry speculation earlier this year that Brown-Forman had placed Finlandia on the auction block (Spirits Business).

KINDRED said it completed its previously announced agreement to sell 12 long-term acute care hospitals in six states for $27.5 million to Curahealth, an affiliate of the private investment fund Nautic Partners. The hospitals have a total of 783 licensed beds in Arizona, Louisiana, Massachusetts, Oklahoma, Pennsylvania and Tennessee (press release). The Louisville-based hospital and nursing giant employs about 2,200 workers in the city, including at the Fourth and Broadway headquarters downtown. It has more than 100,000 workers nationwide.

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