Sobieski vodka rescue possible

• Last month, I reported on the financial problems of Belvedere, makers of the bargain-priced, high-quality Sobieski vodka. Here's the latest update, from Bloomberg News:

Belvedere, the French maker of Sobieski vodka, is in advanced talks with private equity funds about a stake sale as it seeks to emerge from creditor protection, its chief executive, Jacques Rouvroy, said.

Potential buyers of 400,000 Belvedere shares, or a 15% stake, include a foreign company in the beverage industry, Mr. Rouvroy, said in an interview. He would not elaborate.

Go here for my tasting notes on Sobieski vodka.

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