Brown-Forman Corporation made big news in the whisky world this week when it announced on Wednesday that it will purchase The BenRiach Distillery Company for approximately £285 million (approx. US$416 million). The purchase will add three Single Malt Scotch Whisky brands into Brown-Forman’s growing whiskey portfolio: The GlenDronach, BenRiach, and Glenglassaugh. Expected to close on […]
Brown-Forman
Brown-Forman to sell Southern Comfort and Tuaca to Sazerac for $544 million
Brown-Forman announced on Jan 14, that it has reached an agreement to sell its Southern Comfort and Tuaca trademarks to New Orleans-based Sazerac for $543.5 million. The sale is expected to close by March 1, 2016 resulting in a one-time operating income gain for B-F of approximately $475 million in fiscal 2016. Brown-Forman Chief Executive […]
Brown-Forman kicks off construction of Old Forester Distillery on historic Whiskey Row
Three generations of Brown family descendants gathered today in Louisville to take part in the construction kick-off ceremony for the new Old Forester Distillery, which will be located at 117 & 119 West Main Street along Louisville’s famed “Whiskey Row.” Old Forester was Brown-Forman’s founding brand and was the company’s flagship for many years, selling […]
Brown-Forman to invest $50 million to build new Irish whiskey distillery
Brown-Forman announced that it has purchased all shares of Slane Castle Irish Whiskey Limited, with the intent to build a new Irish Whiskey distillery. Brown-Forman will invest approximately $50 million to build a new distillery and consumer experience on the historic Slane Castle Estate in County Meath, Ireland, the home of Henry Conyngham, the eighth […]
