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Brown-Forman Corporation
Type Public (NYSEBFA, NYSEBFB)
Founded 1870
Headquarters Louisville, Kentucky, USA
Key people Paul C. Varga, Chairman & CEO
Industry Distilled beverage
Wines
Revenue $2.444 billion USD (2006)
Employees 3,350
Website www.brown-forman.com

The Brown-Forman Corp is one of the largest American-owned companies in the spirits and wine business, and is a diversified producer and marketer of various consumer products.

Some well-known brands of the corporation include Jack Daniel's, Canadian Mist, Southern Comfort, Early Times, Woodford Reserve Bourbon, Old Forester (Bourbon whiskey), Korbel champagne, Fetzer wine, Bonterra wine, Finlandia vodka, and Bolla wine.

Contents

Company History

The company was founded in 1870 by George Garvin Brown, a young pharmaceuticals salesman in Louisville, who had the then-novel idea of selling top-grade whiskey in sealed glass bottles. Since then, it has grown into a company that in fiscal 2006 had sales of $2.4 billion. The Brown family controls more than 70% of the voting shares[1].

Stock information

Brown Forman has two classes of common stock. The Class A voting shares are traded under ticker symbol: NYSEBFA on the NYSE. Because of the control by the Brown family, the Class A shares are thinly traded.

The Class B non-voting shares are traded on the NYSE under the ticker symbol: NYSEBFB.

Recent history

Brown-Forman recently sold its Lenox division as part of a plan to refocus the company on its wine and spirits production. The income generated by the sale has been distributed to the shareholders in the form of a one time special dividend.

Also as a part of this minor restructure, Brown Forman sold its Hartmann Luggage division to Clarion Capitol Partners.

Brown-Forman recently agreed on an $800 million loan from Bank of America. This loan was taken at a relatively attractive rate. The money will probably be used in part to finance the recent Casa Herradura acquisition.

Recent acquisitions

The company bought Tequila Herradura, a well-known Mexican company that produces tequila, in January 2007. [2]

References

  1. ^ Brown-Forman - Company Overview - Hoover's
  2. ^ US: Casa Herradura helps offset costs for Brown-Forman Q2: Beverage News & Comment

External links


Brown-Forman Corporation
Type Public (NYSEBFA, NYSEBFB)
Industry Distilled beverage
Wines
Founded 1870
Headquarters Louisville, Kentucky, U.S.
Key people Paul C. Varga, Chairman & CEO
Revenue $2.444 billion USD (2006)
Employees 3,350
Website www.brown-forman.com

The Brown-Forman Corporation is one of the largest American-owned companies in the spirits and wine business.

Some well-known brands of the corporation include Jack Daniel's, Southern Comfort, Finlandia Vodka, Woodford Reserve Bourbon, Canadian Mist, Early Times, Old Forester, Korbel champagne, Fetzer wine.[1]

Contents

Company history

The company was founded in 1870 by George Garvin Brown, a young pharmaceuticals salesman in Louisville, who had the then-novel idea of selling top-grade whiskey in sealed glass bottles. Since then, it has grown into a company that in fiscal 2006 had sales of $2.4 billion. The Brown family controls more than 70% of the voting shares[2].

Stock information

Brown Forman has two classes of common stock, both of which are traded publicly on the New York Stock Exchange. The Class A shares carry voting privileges and are thinly traded due to control by the Brown family while the Class B shares are Non-voting stock.

Recent history

Brown-Forman recently sold its Lenox division as part of a plan to refocus the company on its wine and spirits production. The income generated by the sale has been distributed to the shareholders in the form of a one time special dividend.[citation needed]

Also as a part of this minor restructure, Brown Forman sold its Hartmann Luggage division to Clarion Capitol Partners.[citation needed]

Brown-Forman recently agreed on an $800 million loan from Bank of America. This loan was taken at a relatively attractive rate[vague]. The money will probably be used in part to finance the recent Casa Herradura acquisition.[citation needed]

Brands

Whiskey

Wine

  • Korbel,[11] champagne
  • Fetzer wine, wine
  • Bonterra, wine
  • Five River Wines
  • Bel Arbor Wines
  • Jekel Vinyards
  • Santuary Wines
  • Sonoma-Cutrer Wines
  • Little Black Dress Wines

Vodka

Tequila

  • Pepe Lopez Tequilas
  • Herradura Tequilas[12]
  • el Jimador Tequilas[13]
  • Don Eduardo Tequilas

Recent acquisitions

The company bought Tequila Herradura, a well-known Mexican company that produces tequila, in January 2007.[14]

Environmental track record

In 2009, Newsweek magazine ranked Brown-Forman in their "Green Rankings"[15] which examines 500 of the largest corporations on their environmental track record. Brown-Forman was ranked 63rdth out of 500 overall, and was ranked 3rd in their industry.[16]

References

  1. ^ "Our Brands". Brown-Forman. http://www.brown-forman.com/brands/. Retrieved 2010-07-30. 
  2. ^ "Brown-Forman - Company Overview - Hoover's". Hoovers.com. http://www.hoovers.com/brown-forman/--ID__11781--/free-co-factsheet.xhtml. Retrieved 2010-07-30. 
  3. ^ "Woodford Reserve". Woodford Reserve. http://www.woodfordreserve.com/Default.aspx. Retrieved 2010-07-30. 
  4. ^ "Early Times". Early Times. http://www.earlytimes.com/home/home.aspx. Retrieved 2010-07-30. 
  5. ^ "Jack Daniel's Tennessee Whiskey". Jackdaniels.com. http://www.jackdaniels.com/Default.aspx. Retrieved 2010-07-30. 
  6. ^ "Gentleman Jack Rare Tennessee Whiskey". Jackdaniels.com. http://www.jackdaniels.com/GentlemanJack/default.aspx. Retrieved 2010-07-30. 
  7. ^ "Jack Daniel's Tennessee Whiskey". Jackdaniels.com. http://www.jackdaniels.com/singlebarrel/default.aspx. Retrieved 2010-07-30. 
  8. ^ "Southern Comfort. New Orleans Original". Southerncomfort.com. http://www.southerncomfort.com/OurBrands.aspx. Retrieved 2010-07-30. 
  9. ^ "Love Life. Sip Responsibly". Old Forester. http://www.oldforester.com. Retrieved 2010-07-30. 
  10. ^ "Canadian Mist". Canadian Mist. http://www.canadianmist.com/. Retrieved 2010-07-30. 
  11. ^ "KORBEL Champagne Cellars - Welcome". Korbel.com. http://www.korbel.com/Default.aspx. Retrieved 2010-07-30. 
  12. ^ "Herradura Tequila, since 1870". Herradura.com. http://www.herradura.com. Retrieved 2010-07-30. 
  13. ^ "el Jimador Tequila". Eljimador.com. http://www.eljimador.com/. Retrieved 2010-07-30. 
  14. ^ Chris Mercer (2007-11-29). "US: Casa Herradura helps offset costs for Brown-Forman Q2: Beverage News & Comment". Just-drinks.com. http://www.just-drinks.com/article.aspx?ID=92353&lk=fs. Retrieved 2010-07-30. 
  15. ^ "Newsweek, Greenest Big Companies in America – The 2009 List". retrieved July 21, 2010. http://www.newsweek.com/2009/09/20/the-greenest-big-companies-in-america.html. 
  16. ^ "Newsweek – Green Ranking - Brown-Forman". retrieved July 21, 2010. http://greenrankings.newsweek.com/companies/view/brown-forman. 

External links








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