Brown Forman is a publicly traded company on the New York Stock Exchange (ticker: BF.A) and is a component of the S&P 500 Index. The company was founded in 1870 by George Garvin Brown in Louisville, Kentucky, United States. Brown Forman produces several kinds of alcohol, including Jack Daniel’s Tennessee whiskey, Southern Comfort liqueur, el Jimador tequila, and Finlandia vodka.
As of FY2019, it had sales of $3.07 billion.
The Brown-Forman Corporation is an American company that manufactures, bottles, and distributes alcoholic beverages. The company’s best-known products include Jack Daniel’s Tennessee whiskey, Woodford Reserve bourbon, and Finlandia vodka. Brown-Forman also owns the Chambord liqueur brand.
In 2019, Brown-Forman was the world’s fourth-largest spirits producer by sales volume. The company is headquartered in Louisville, Kentucky. It has offices or facilities in 30 countries and markets its products in 160 countries.
Brown-Forman Stock Class
Brown-Forman Corporation is an American company that manufactures and sells alcoholic beverages. Its best-known products are Jack Daniel’s Tennessee whiskey, Woodford Reserve bourbon, and Finlandia vodka. The company also owns the Chambord liqueur brand.
Brown-Forman has a dual-class stock structure, with two classes of common stock: Class A and Class B. The vast majority of Brown-Forman’s shares are Class B shares, which have ten times the voting power of Class A shares. The company’s CEO and chairman, Paul C. Varga, controls over 50% of the voting power through his ownership of Class B shares.
This gives him significant control over the company, despite owning less than 5% of its total equity. Class A shareholders have very little say in how the company is run. They do not have voting rights and can only elect a single director to the board (out of a total of 15).
The Varga family controls all of the Class B shares and appoints all of the directors, so they effectively control the board as well. This dual-class stock structure has been criticized by some investors because it entrenches management and limits shareholder rights. However, it also provides stability and allows management to make long-term decisions without having to worry about short-term shareholder pressure.
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What Does Brown-Forman Company Do?
The Brown-Forman company is one of the largest American manufacturers of alcoholic beverages. The company produces and sells a variety of spirits, including bourbon, whiskey, tequila, vodka, and wine. It also owns a number of well-known brands, such as Jack Daniel’s, Southern Comfort, Finlandia, and Chambord.
In addition to manufacturing and selling alcohol products, the Brown-Forman company is also involved in philanthropy and sustainability initiatives. For example, the company has partnered with Trees for the Future to help plant trees in Africa. It has also created a program called “Good Spirited” which helps employees reduce their environmental impact at work.
How Many Locations Does Brown-Forman Have?
Brown-Forman, one of the largest American-owned spirits and wine companies, has over 40 locations across the globe. These include production facilities, distilleries, warehouses, offices, and retail stores. The company has a presence in countries such as the United States, Mexico, Canada, the United Kingdom, Ireland, Poland, and Australia.
Brown-Forman’s flagship brands include Jack Daniel’s Tennessee Whiskey, Early Times Kentucky Whisky, Old Forester Bourbon Whiskey, and Woodford Reserve Bourbon Whiskey among many others. The majority of Brown-Forman’s locations are in the United States where the company was founded over 150 years ago. There are currently 27 production facilities located across 16 states including California, Indiana Kentucky, and Tennessee.
The company also operates 4 major warehouses in Louisville (2), Memphis, and Nashville that supply products to retailers across America. In addition to these locations, there are also 5 office buildings located in Louisville which serve as the global headquarters for Brown-Forman Corporation. While most of Brown-Forman’s operations are based in North America there is a significant international presence with 13 locations outside of the continent.
This includes 6 distribution centers in Europe (4) and Asia (2), 2 cooperages in Scotland and Spain that produce barrels for maturing whiskey, and 1 office building each in Mexico City and Dublin. The remaining 2 international locations are both retail stores; one is a whisky shop located on Edinburgh’s Royal Mile called ‘The Scotch Whisky Experience’ while the other is ‘Old Forester Distilling Co.’ – a bourbon-tasting experience & bar situated on Louisville’s historic ‘Whiskey Row’. So overall Brown-Forman has 40+ locations worldwide that cover all aspects of production, warehousing & distribution, sales & marketing as well as corporate administration.
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Conclusion
Brown Forman, the company behind Jack Daniel’s Tennessee Whiskey, announced that it will be raising its prices due to the tariffs on imported steel and aluminum. The price of a 750ml bottle of Jack Daniel’s will increase by 10% in the US, while the price of a 1-liter bottle will increase by 15%. Brown Forman says that the tariffs have put an “unprecedented strain” on their business, and they expect other companies to follow suit with price increases of their own.
