Brown-Forman to Cut 12% of Workforce in Restructuring
Brown-Forman named new executives and said it will cut about 12% of its global workforce, or roughly 648 jobs, as it undergoes a restructuring aimed to position the company for growth amid a choppy global spirits market.
Just Askin' | What is a cooperage? What to know as Brown-Forman closes its facility
The Louisville-based company's facility, where barrel makers — also known as coopers — produce the white oak barrels that hold Brown-Forman's whiskey brands: Jack Daniel's, Old Forester, Woodford Reserve and Coopers' Craft.
Brown-Forman to cut about 12% of global workforce as part of restructuring
Brown-Forman said on Tuesday 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.
Jack Daniel's parent Brown-Forman is cutting its workforce and closing its barrel-making plant
Spirits giant Brown-Forman Corp. said Tuesday it's reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville. The cost-cutting moves come as American whiskey producers face stiff challenges from changing consumer trends and renewed tariff threats.
Brown-Forman closing Louisville cooperage, reducing global workforce by 12%
Brown-Forman closing Louisville cooperage, reducing global workforce by 12%
Jack Daniels' parent cutting jobs, closing barrel-making plant
The moves come as American whiskey producers face stiff challenges from changing consumer trends and renewed tariff threats.
Jim Thinks Brown-Forman (BF-A) Faces Challenges: Here’s Why
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Hundreds of employees at Brown-Forman will be laid off with closure of its cooperage
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Brown-Forman: Attractive Valuation Post A Job Cut Of 12% And Tariffs
Brown-Forman, a leading spirits manufacturer, has declined 40% in a year but remains fundamentally strong with a 2.7% ...
Brown-Forman laying off 648 people as stock price hits 10-year low and sales decline
Jack Daniels whiskey maker Brown-Forman Corp. said Tuesday it would cut 12% of its work force or about 648 jobs in the face ...
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Brown-Forman shake-up wins praise amid spirits industry downturn
Wall Street analysts see the positives as Brown-Forman seeks savings – in part via job cuts – to “position the company for ...
Brown-Forman price target lowered to $38 from $50 at TD Cowen
TD Cowen lowered the firm’s price target on Brown-Forman (BF.B) to $38 from $50 and keeps a Hold rating on the shares. The firm noted they ...
Brown-Forman: A Label On Bottles Can't Stop A Secular Trend
Brown-Forman's stock is a compelling investment with stable revenue and profit margins. Learn why BF.B is a Buy.
Woodford Reserve’s parent company is cutting nearly 700 jobs as spirit sales sink
Brown-Forman, the parent company of Jack Daniel’s whiskey and Woodford Reserve bourbon, is laying off approximately 12% of ...