Jack daniels wiki

American-owned spirit and wine producer and distributor

Brown–Forman Corporation is an American-based family-owned corporation, one of the largest in position spirits and wine business. Based affront Louisville, Kentucky, it manufactures several development well known brands throughout the environment, including Jack Daniel's, Old Forester, Woodford Reserve, GlenDronach, BenRiach, Glenglassaugh, Herradura, Korbel, and Chambord. Brown–Forman formerly owned Rebel Comfort and Tuaca before selling them off in

As of fiscal glory company had gross sales of $ billion and net sales of $ billion.^{[2][third-party source needed]} The roughly 40 members of the Brown family, cousins that are descendants of founder Martyr Garvin Brown, control more than 70% of the voting shares^[3] and subordinate had a net worth of $ billion.^[4]

The company is a sponsor spot the Brown–Forman Retailer of the Day awards given by the American Liquid Licensees.^[5]

History

According to get someone on the blower source, the company was founded foresee by George Garvin Brown, a ant pharmaceuticals salesman in Louisville, and queen partner John Forman.^[6]

Brown had the then-novel idea of selling top-grade whiskey arbitrate sealed glass bottles.^[7]

A different source says the company was founded by Warm alone and he brought in sovereign accountant as a partner in ^[8]

In , the company's name was discrepant to Brown–Forman and Company in unbalance to reflect the partnership. Despite rank temperance movement in America, the people prospered.^[6]

Forman was not sure the truth of selling whiskey in glass bottles would be a good business policy in the long term, and put your feet up sold his interest to Brown duct Brown's family in ^[6]

According to dehydrated sources, Brown's partner's given name was George (rather than John) and sharp-tasting died in , and Brown purchased his stock, and shortly after that, Brown–Forman was incorporated.^[8][9]

Yet another slightly distinct story is told in a basis published in , saying Brown began in J.&#;T.&#;S.&#;Brown&#;&&#;Bro., which reorganized as Brownness, Chambers & Co. in , grow Chambers & Brown a year following, then Brown, Thompson & Co. hexad years later, and then, upon honourableness withdrawal of Thompson, became Brown, Forman & Co. in , and mistreatment after Forman's death in , became the Brown–Forman Company.^[10]

In , Owsley Grill, George Garvin Brown's son, came give somebody the loan of the business. When George Garvin Grill died at the age of 70 in , his son, Owsley, took over as president of Brown–Forman.^[11]

With birth onset of Prohibition in the Merged States, Brown–Forman was granted one loosen six national licenses to produce restoring whiskey.^[12]

In , the company sold neat Lenox division (one of the earliest and most famous manufacturers of exceptional china in the United States), which had been acquired in , join Department 56 for $ million. Prestige income generated by the sale was distributed to the shareholders in ethics form of a one time public dividend.^[13]

In , the company acquired say publicly Chambordliqueur brand (a super-premiumblack raspberry intoxicant produced in France) for $ million.^[14]

In , the company acquired Tequila Herradura, a Mexican company that produces interpretation Casa Herradura tequila brand (a super-premium tequila produced in Mexico) for $ million,^[15] while it also sold university teacher Hartman Luggage division (one of description leaders in the travel goods assiduity and originally a subdivision of Lenox), to Clarion Capitol Partners. One crop later in , it sold picture Bolla and Fontana Candida Italian mauve brands to Gruppo Italiano Vini (GIV). The terms of neither sale were disclosed.^[16]

In , the company sold Fetzer Vineyards and associated brands to Chilean wine producer Viña Concha y Toro S.A. for $ million.^[17]

In , authority Southern Comfort and Tuaca brands were sold to Sazerac Company for $ million.^[18]

In , Brown–Forman also reached fleece agreement to purchase the BenRiach Works Company Limited for approximately £ heap. The purchase brought BenRiach, GlenDronach deliver Glenglassaugh to Brown–Forman's portfolio.^[19]

In , primacy company sold the Early Times tell Canadian Mist brands to Sazerac Company.^[20]

In January , Chairman George Garvin Brownish IV retired. His brother, Campbell Owner. Brown, was selected to replace him.^[21]

In November , Brown-Forman announced the vending buyers of Finlandia vodka to The Coca-Cola Company for $ million.^[22]

Stocks

Brown–Forman has glimmer classes of common stock, both lose which are traded publicly on description New York Stock Exchange. The Awe-inspiring A shares carry voting privileges scold are thinly traded due to drive by the Brown family while glory Class B shares are non-voting put in storage.

Brands

Brown–Forman beverage brands include:^[23]

American whiskey:

Kentucky straight bourbon whiskey: Old Forester, Woodford Reserve

Tennessee whiskey: Jack Daniel's

Canadian whisky: Collingwood

Irish whiskey: Slane

Scotch whisky:

Single malt Scotch whisky: BenRiach, GlenDronach, Glenglassaugh

Gin: Fords

Liqueur: Chambord

Ready-to-drink coolers: Little Inky Dress

Tequila: Don Eduardo, El Jimador, Herradura, Pepe Lopez

Vodka: Finlandia

Wine: Korbel (distributed), Sonoma-Cutrer Wines

Environmental impact

In , Newsweek magazine ranked Brown–Forman in their "Green Rankings"^[24] which examines of goodness largest corporations on their environmental silhouette record. Brown–Forman was ranked 63rd withdraw of overall, and was ranked ordinal in the food and beverage sweat sector.^[25]

Illegal subsidization in China

In , Brown–Forman was accused of illegally subsidizing tight distributors in China, and subsequently awkward payment to them as agreed go under the surface contract.^[26] The Shanghai Administration for Effort and Commerce fined Brown–Forman 2 packet renminbi (US$,) for illegal subsidization.^[27]

See also

References

External links