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Ever since he was a teenager, more interested in producing movies than in the prospect of running his family's liquor empire, Edgar Bronfman Jr. has faced his share of skeptics. One of the first, in fact, was his grandfather Samuel, a Russian immigrant to Canada who advanced from Prohibition bootlegger to spirits magnate, owner of a portfolio that included Chivas Regal Scotch and Captain Morgan rum. In a mid-1990s documentary about the family, Edgar Jr. recalled his grandfather saying, "Shirtsleeves to shirtsleeves in three generations. I'm worried about the third generation." Such doubts didn't seem...

Author: /time Magazine | Title: Spiriting Away a Fortune | 7/15/2002 | See Source »

...Bronfman did understand certain things. At Seagram he got rid of second-tier brands and inked a lucrative distribution deal with Absolut vodka. More important, he recognized that Seagram's reliance on the slowing liquor business wasn't healthy. He made some shrewd deals, generating a profit of almost 50% on his family's $2.2 billion investment in Time Warner and getting Vivendi to pay a 50% premium for Seagram's shares (alas, he took it in Vivendi stock). And he wisely sold millions of those Vivendi shares, taking about $1 billion off the table...

Author: /time Magazine | Title: Spiriting Away a Fortune | 7/15/2002 | See Source »

Loitering, drinking, drug dealing and urination in the streets are major problems in Central Square that spill over into Area 4, said Regina Jones, a resident of the Washington Elms public housing in the neighborhood. Central Square is home to a homeless shelter, two liquor stores and many of Cambridge’s bars...

Author: By Stephanie M. Skier, CRIMSON STAFF WRITER | Title: Recent Shootings Stun Cambridge | 6/28/2002 | See Source »

Jones said that the sale of alcohol at two Mass. Ave. liquor stores contributed to crime in Area...

Author: By Stephanie M. Skier, CRIMSON STAFF WRITER | Title: Recent Shootings Stun Cambridge | 6/28/2002 | See Source »

...German phone operator for refusing to dismiss CEO Gerhard Schmid. INDICATORS A Toast With The Most Scotland may not have made it to the World Cup, but they are there in spirit. Gains in South Korea and Japan helped Scotch whisky become the world's most widely exported liquor, breaking the billion-bottle mark as the market grew 6.4% to $3.4 billion. Take that, England. Consignia Consigned After nearly two years and 2 million dollars, Consignia - the meaningless word used to rebrand Britain's Post Office - is being returned to sender. The much-maligned name will be replaced...

Author: /time Magazine | Title: The Next New Thing? The Old Economy | 6/16/2002 | See Source »

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