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Sazerac bids $15 billion for Brown-Forman - sources

US spirits group Sazerac has offered to buy Brown-Forman for about $15 billion, a source familiar with the matter said yesterday, complicating Pernod Ricard's attempt to merge with the Jack Daniel's maker.
Business • 12 hrs

Pernod Ricard warns Iran war to hit full-year sales

Irish Distillers owner Pernod Ricard has reported a stronger-than-expected 0.1% rise in sales for the third quarter but warned the decline in tourism due to the war in Iran would hurt its travel retail business and impact full-year sales.
Business • 12 hrs

Brown-Forman to cut about 12% of global workforce

Brown-Forman said today it will lay off about 12% of its global workforce of 5,400 employees, as the Jack Daniel's maker looks to reduce costs amid weak alcohol demand.
Business • 14 Jan 25

Jack Daniel's maker Brown-Forman beats profit estimates

Jack Daniel's maker Brown-Forman has today beaten fourth-quarter profit expectations, as price hikes on its premium whiskey and tequila helped offset waning demand.
Business • 05 Jun 24

Jack Daniel's maker misses profit estimate

Jack Daniel's maker Brown-Forman missed quarterly profit expectations today, hurt by higher input costs and sluggish demand for its pricier whiskeys like Woodford Reserve and Gentleman Jack in the US.
Business • 30 Aug 23

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