| Notes |
In 1992 under the leadership of Emilio's great-great grandson, Manuel Jorge Cutillas, the Company was consolidated and reorganized under a new holding company, Bacardi Limited, with its headquarters in Hamilton, Bermuda. Pursuant to a grant of authority from the Cuban company dating back to 1958, Bacardi International Limited remained responsible for the commercial development of the portfolio of brands. With the consolidation, it also became the principal investor in the dramatic expansion of Bacardi's portfolio of brands.
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