In the course of researching various rum-related topics, there’s some recent history that I keep bumping up against. Between 1997 and 2009, one company purchased several extremely important rum companies such as Angostura and Appleton. It also acquired a few other well known spirits brands. It then went bankrupt during the world financial crisis that started in 2007. The echoes of this bankruptcy have been heard as recently as 2017.
Continue reading “How the Financial Crisis of 2007 Reshaped the Rum World”