Bacardi, exiled from Cuba in 1960, is hopeful for change

Fortune

Bacardi, the spirits maker that was founded in Cuba and later exiled from the country in 1960, says it hopes for better lives for Cubans following the Obama Administration’s decision to normalize diplomatic relations with the Caribbean island.

“We hope for meaningful improvements in the lives of the Cuban people and will follow any changes with great interest,” Bacardi said in an e-mailed statement. “In the meantime, we continue to support the restoration of fundamental human rights in Cuba.”

Bacardi says it’s taking a wait-and-see approach on Cuba after the United States on Wednesday said it would open an embassy on the island nation following the release of a U.S. government subcontractor from prison. It marked the most significant change in the U.S.-Cuba relationship in decades.

Bacardi, which makes rum, Dewar’s Scotch and Grey Goose vodka, has close historic ties to Cuba even though it hasn’t operated there for more…

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