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Brown-Forman Named One of the 2024 World's Most Ethical Companies

Retrieved on: 
Monday, March 4, 2024

Brown-Forman (NYSE: BFA, BFB) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2024 World’s Most Ethical Companies.

Key Points: 
  • Brown-Forman (NYSE: BFA, BFB) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2024 World’s Most Ethical Companies.
  • “We are proud to be recognized as a World's Most Ethical Companies Honoree for the third year in a row,” said Lawson Whiting, President and CEO, Brown-Forman Corporation.
  • “Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow.
  • To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at worldsmostethicalcompanies.com/honorees .

Brown-Forman Announces Investor Day Webcast

Retrieved on: 
Monday, March 4, 2024

Brown-Forman Corporation (NYSE: BFA, BFB) today announced that it will host an investor conference in Louisville, Kentucky, on Wednesday, March 20, 2024, with presentations starting at 8:30 a.m. (EDT).

Key Points: 
  • Brown-Forman Corporation (NYSE: BFA, BFB) today announced that it will host an investor conference in Louisville, Kentucky, on Wednesday, March 20, 2024, with presentations starting at 8:30 a.m. (EDT).
  • A live webcast of the presentations along with a question and answer session with the company’s executive leaders will focus on Brown-Forman’s strategic priorities and long-term ambitions.
  • The webcast will be available via www.brown-forman.com , through a link to ‘Investors – Events & Presentations.’ Copies of the slides presented during the conference will also be available via the website.
  • Interested parties may register here to view the live webcast.

Brown-Forman Announces Launch of Distribution Business in Italy

Retrieved on: 
Friday, March 1, 2024

Brown-Forman Corporation (NYSE:BFA,BFB), one of the largest American-owned spirits companies, announces today its plan to distribute its own brands in Italy, effective May 1, 2025.

Key Points: 
  • Brown-Forman Corporation (NYSE:BFA,BFB), one of the largest American-owned spirits companies, announces today its plan to distribute its own brands in Italy, effective May 1, 2025.
  • “We believe setting up our own distribution organization will enable the growth of our brands across all channels in Italy,” said Agnieszka Przybylek, General Manager, Brown-Forman Italy.
  • We believe that the creation of our own distribution business in this market will offer increased consumer focus and prioritization of our brands, empowered by a talented team,” said Yiannis Pafilis, EVP, President of Europe, Brown-Forman.
  • According to IWSR, Italy is among the top five spirits markets in the European Union (excluding the UK) and the leading market for Gin Mare globally.

Brown-Forman Commits Funds to Foundation and Dendrifund

Retrieved on: 
Friday, March 1, 2024

Brown-Forman Corporation (NYSE:BFA, BFB) today announced a commitment of $22.5 million to support the efforts of the Brown-Forman Foundation and Dendrifund.

Key Points: 
  • Brown-Forman Corporation (NYSE:BFA, BFB) today announced a commitment of $22.5 million to support the efforts of the Brown-Forman Foundation and Dendrifund.
  • Additionally, the Dendrifund, a nonprofit sustainability seed fund jointly created by Brown-Forman and the Brown family, will receive a $2.5 million donation.
  • Dendrifund serves as a catalyst for collaborative efforts aimed at advancing sustainability within the whiskey industry.
  • Likewise, the ongoing support of Dendrifund underscores the importance the company places on sustainability and innovation within the spirits industry.

Brown-Forman Announces Sale of Cooperage in Alabama

Retrieved on: 
Friday, February 16, 2024

Brown-Forman Corporation (NYSE:BFA,BFB) announced the sale of its cooperage in Trinity, Alabama, to Independent Stave Company (ISCO).

Key Points: 
  • Brown-Forman Corporation (NYSE:BFA,BFB) announced the sale of its cooperage in Trinity, Alabama, to Independent Stave Company (ISCO).
  • The cooperage will continue to make barrels for the Jack Daniel Distillery as part of a strategic relationship between the companies.
  • ISCO will rename the cooperage from the Jack Daniel Cooperage to the Alabama Cooperage upon closing, expected by May 1, 2024.
  • Alabama Cooperage will be a great addition to our existing network of mills and cooperages,” said Independent Stave Company CEO Brad Boswell.

Brown-Forman Announces American Whiskey Global Marketing Leads

Retrieved on: 
Thursday, February 8, 2024

Brown-Forman Corporation (NYSE:BFA,BFB) announced today new global marketing leadership for its American Whiskey brands.

Key Points: 
  • Brown-Forman Corporation (NYSE:BFA,BFB) announced today new global marketing leadership for its American Whiskey brands.
  • Bacon and Culp will be responsible for all aspects of global marketing and innovation for their respective brand portfolios.
  • “Brown-Forman’s American Whiskey brands are at the core of who we are as a company.
  • Sophia Angelis will move into a new role as Global Director, Marketing Excellence, where she will focus on evolving the company’s marketing capabilities, strategy, and talent.

Brown-Forman Third Quarter Earnings Release and Conference Call Scheduled for March 6, 2024

Retrieved on: 
Tuesday, February 6, 2024

Brown-Forman Corporation (NYSE: BFA, BFB) will release its third quarter and year-to-date fiscal 2024 financial results on March 6, 2024, by 8:00 a.m. (EST), followed by a conference call to discuss the results at 10:00 a.m. (EST).

Key Points: 
  • Brown-Forman Corporation (NYSE: BFA, BFB) will release its third quarter and year-to-date fiscal 2024 financial results on March 6, 2024, by 8:00 a.m. (EST), followed by a conference call to discuss the results at 10:00 a.m. (EST).
  • A live audio broadcast of the conference call will be available via Brown-Forman’s website, brown-forman.com , through a link to "Investors/Events & Presentations."
  • A digital audio recording of the conference call will be available on the website approximately two hours after the conclusion of the conference call.
  • Interested parties are also invited to join the conference call by registering for the call in advance here .

Brown-Forman Announces European Leadership Change

Retrieved on: 
Tuesday, January 30, 2024

Brown-Forman Corporation (NYSE:BFA,BFB) announced today a change in its European leadership and Executive Leadership Team (ELT).

Key Points: 
  • Brown-Forman Corporation (NYSE:BFA,BFB) announced today a change in its European leadership and Executive Leadership Team (ELT).
  • Effective March 1, 2024, Yiannis Pafilis will become Executive Vice President, President, Europe, and join the ELT.
  • View the full release here: https://www.businesswire.com/news/home/20240129292434/en/
    As President, Europe, Yiannis Pafilis will lead the long-term strategy for the region and drive growth in the company’s European markets.
  • “He provided valuable leadership in establishing a stronger owned distribution network in Europe and built a high-performing team rooted in the values of Brown-Forman.

Valmet to deliver a tissue paper making line, tissue converting equipment and a biomass boiler to Suzano Papel e Celulose in Brazil

Retrieved on: 
Tuesday, January 30, 2024

ESPOO, Finland, Jan. 30, 2024 /PRNewswire/ -- Valmet will deliver a complete tissue line including a tissue making line and converting equipment to Suzano Papel e Celulose in Brazil. The order also includes a biomass boiler. This is Valmet's first combined order with tissue making and tissue converting lines after the acquisition of tissue converting business in late 2023. The tissue order also includes an extensive automation package, flow control valves and Valmet Industrial Internet solutions.

Key Points: 
  • Valmet Oyj's press release on January 30, 2024 at 9:30 a.m. EET
    ESPOO, Finland, Jan. 30, 2024 /PRNewswire/ -- Valmet will deliver a complete tissue line including a tissue making line and converting equipment to Suzano Papel e Celulose in Brazil.
  • This is Valmet's first combined order with tissue making and tissue converting lines after the acquisition of tissue converting business in late 2023 .
  • The tissue making line and biomass boiler orders are included in Valmet's orders received of the fourth quarter 2023 and the tissue converting equipment order of the first quarter 2024.
  • The tissue making line, converting equipment and the biomass boiler will be installed at the Aracruz mill in Espírito Santo, Brazil.

Brown-Forman Declares Cash Dividend

Retrieved on: 
Tuesday, January 23, 2024

Brown-Forman Corporation (NYSE: BFA, BFB) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.2178 per share on its Class A and Class B Common Stock.

Key Points: 
  • Brown-Forman Corporation (NYSE: BFA, BFB) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.2178 per share on its Class A and Class B Common Stock.
  • The dividend is payable on April 1, 2024, to stockholders of record on March 8, 2024.
  • Brown-Forman, a member of the prestigious S&P 500 Dividend Aristocrats index, has paid regular quarterly cash dividends for 80 years and has increased the cash dividend for 40 consecutive years.
  • Brown-Forman’s brands are supported by approximately 5,600 employees globally and sold in more than 170 countries worldwide.