Advertisement

American Brands Inc. reported record 1988 profit...

Share via

American Brands Inc. reported record 1988 profit of $580 million, up 11% from a year ago. Revenue rose to $12 billion, up 19%. The Old Greenwich, Conn., firm, which is a holding company with businesses in tobacco, distilled spirits and life insurance, attributed the results to broad strength in all operations, as well as the favorable impact of an aggressive restructuring.

Advertisement