Southern Comfort

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USA: Brown-Forman FD to leave company

30 May 2003

Brown-Forman Corporation announced that Larry Probus, senior vice president and director of finance, is resigning to become senior vice president of World Vision U.S.

US: Brown-Forman spirits offset poor wine sales

24 Feb 2003

The US drinks producer Brown-Forman today said its third quarter earnings per share were up 22% as performances from spirits brands Southern Comfort and Jack Daniel's offset a "substantial drop in earnings" for its wine division. Earnings per share for the quarter ended January 31, 2003 were US$1.02 or $0.18 per share. Adjusted for business improvement costs, earnings for the quarter improved US$0.14 per share, or 16%.

Brown-Forman strengthens its position in premium vodka

23 Dec 2002

With Brown-Forman increasing its stake in Finlandia Vodka Worldwide (FVW) to 80%, Euromonitor looks at how it will access strong growth potential in the dynamic premium vodka sector, and considers its next move.

US: Brown-Forman earnings up, but downgrades full year estimates

25 Nov 2002

Brown-Forman, the owner of Jack Daniel's and Southern Comfort, saw its earnings per share in the second quarter reach US$1.18, up from the US$1.17 in the same period last year. However earnings per share for the first six months of the fiscal year were $1.71, down slightly from the $1.74 per share earned last year. 

MEXICO: Brown Forman hands distribution contract to Bacardi

15 Oct 2002

The US wine and spirits company and owner of Jack Daniels Brown-Forman has extended its growing relationship with the BAcardi-Martini group, with an agreement in Mexico.

UK: Glenmorangie ties up with Bacardi in European markets

30 Sep 2002

The Scotch whisky producer Glenmorangie announced today that it had appointed Bacardi-Martini as the distributor of the Glenmorangie brand in Germany, Spain, The Netherlands, Austria and Switzerland, effective 1st February 2003. It is also announced that Bacardi-Martini will distribute the Ardbeg Islay Scotch Malt Whisky brand in Germany, Switzerland and The Netherlands.

US: Brown-Forman streamlines sales force, trims 33 Jobs

29 Aug 2002

US spirits maker Brown-Forman said it will trim 33 jobs and streamline its sales operations following a decade of distributor consolidation and technological innovation. Fewer US distributors and new technology that allows distillers to track sales electronically mean Brown-Forman needs fewer sales employees, spokesman Phil Lynch said. The company's three sales units will be combined into a single point of contact for distributors, and savings will be redirected toward marketing.

Company Strategic Review - Part three

27 Aug 2002

The continuing woes of the US economy have affected every player in the drinks industry with a stake in the market, and this week's two subjects Allied Domecq and Brown-Forman have been no exceptions. However, as Chris Brook-Carter reports, despite the tough times both have made considerable steps in the right direction.

UK: Bacardi and Brown-Forman launch distribution venture

5 Aug 2002

The new distribution agreement between Bacardi-Martini Limited and Brown-Forman Beverages UK began late last week, the companies have announced. The two companies will operate the arrangement under the new trading name of Bacardi Brown-Forman Brands. "Bacardi-Martini Limited will benefit under the new agreement by sharing distribution, storage, transportation and logistical expenses of its own brands with Brown-Forman in the UK.  The cost sharing arrangement will enable both Bacardi-Martini Limited and Brown-Forman to invest more time and money into building their complementary brand portfolios. Both Bacardi-Martini Limited and Brown-Forman will retain control over their respective brands," a statement said.

TURKEY: Brown-Forman appoints Allied Domecq as distributor

5 Jun 2002

US drinks group, Brown-Forman, has announced that Allied Domecq is to take over distribution of its brands, which include Jack Daniel's and Southern Comfort, in Turkey with immediate effect. Allied Domecq takes over from the Turkish company, Yilmat Mumessillik ve Ticaret, which had been distributing Brown-Forman's products in Turkey since 1997.

UK: Brown-Forman, Bacardi Forge UK Distribution Alliance

27 May 2002

By Anne Brockhoff US drinks group Brown-Forman has forged a cost-sharing alliance with Bacardi to distribute its Jack Daniel's and other spirits brands in the UK, ending a 15-year-old arrangement with Diageo. The new agreement takes effect on 1 August.

US: WRAP - Brown-Forman's third quarter up, but tough times ahead

22 Feb 2002

By Chris Brook-Carter and Anne Brockhoff US spirits group, Brown-Forman, posted net income of $57.3 million for the third quarter to the end of January, up slightly from $56.3 million last year. The company reported that earnings per share for the period were $0.84, up 2% on the previous year. However, the results were affected by non-recurring charges of around $0.06 per share, principally related to the closing of the company's crystal manufacturing plant, and were boosted by an accounting change, which benefited EPS by $0.04 per share.

Company Strategic Review 2001 - Part Three

17 Dec 2001

As the end of the year draws near, just-drinks, in association with Canadean, brings you our final look at the world's top beverage companies. This week the 2001 Company Review investigates the direction and performance of industry giant Diageo and independent rival Brown-Forman.

USA: Southern Comfort gets first new look in 65 years

20 Jul 2001

For the first time in 65 years Southern Comfort is planning a complete re-design with a new contemporary look bottle. The new bottle will have concave sides embossed with the brand name "Southern" on one side and "Comfort" on the other, with a bolder typeface and a higher placement to improve visibility of the label.

USA: Jack Daniel's drives Brown-Forman's record results

25 May 2001

Brown-Forman Corporation, the US producer of Jack Daniel's, reported record results for the fourth quarter and fiscal year ended April 30, 2001. Annual earnings per share grew 7% to $3.40, up from $3.18 in fiscal 2000. Operating income increased 7%, with the beverages division growing 8%.

UK: Allied to launch Tia Maria RTD in UK and US

17 Apr 2001

After the success of its Kahlua RTD brands, Allied Domecq is developing a new Tia Maria pre-mixer for the US and UK markets. Sources close the company told just-drinks.com that the yet unnamed brand hopes to consolidate the impressive growth Tia Maria has seen in the on-trade sector. According to AC Nielsen, the coffee liqueur brand saw an 8.5% growth in the UK on-trade (MAT Nov-Dec) and now holds an overall 11% market share in the UK on-trade - second behind UDV's Baileys in the liqueur sector.

USA: Brown-Forman Buys an Estate's Class B Common Stock

31 Aug 2000

Brown-Forman Corporation (NYSE: BF.A BF.B) announced today that it has acquired 61,992 shares of its Class B Common Stock from an estate. The purchase price of the shares was $50.91 per share, the average of the closing prices of the stock on August 28 and 29.Brown-Forman Corporation is a diversified producer and marketer of fine quality consumer products, including Jack Daniel's, Canadian Mist, Southern Comfort, Fetzer and Bolla Wines, Korbel California Champagnes, Lenox, Dansk, Gorham tableware and giftware, and Hartmann Luggage.

USA: Brown-Forman Earnings Up 11%

25 Aug 2000

Brown-Forman Corporation (NYSE: BF) today reported record results for the quarter ended July 31, 2000. Net income and earnings per share rose 11% for the period, fueled by 10% growth in gross profit. First quarter operating income grew 9%.Accelerating rates of growth for gross profit and operating income reflected positive consumer trends for Brown-Forman's premium brands, as well as the benefit of currency hedging transactions. The company's first quarter hedging position was increased substantially in anticipation of overseas investments, including the acquisition of equity stakes for Finlandia Vodka and Glenmorangie Single Malt Scotch Whiskies. Hedging gains for the period more than offset the negative impact of translating weaker foreign currencies into U.S. dollars.

USA: Brown-Forman Corporation Announces Successful Closing of Finlandia Vodka Acquisition

3 Aug 2000

Brown-Forman Corporation (NYSE: BF) announced today it has successfully closed the acquisition of 45% of the common stock of Finlandia Vodka Worldwide Ltd (FVW), a joint venture between Brown-Forman and the Altia Group Ltd of Finland. Finlandia Vodka Worldwide is the owner of Finlandia Vodka, a premium Finnish vodka sold in more than 75 countries around the world.In June, Brown-Forman Corporation and Altia Group announced the formation of a global alliance to market and sell Finlandia Vodka. Altia transferred the Finlandia trademark and marketing and distribution assets to Finlandia Vodka Worldwide Ltd (FVW), now owned 55% by Altia and 45% by Brown-Forman. Brown-Forman now serves as Finlandia's distributor or representative in all markets other than Finland and the Nordic countries, the Baltic States, the Czech Republic and Poland. Brown-Forman had been Finlandia's distributor in the United States since 1996.Brown-Forman Corporation is a diversified producer and marketer of fine quality consumer products, including Jack Daniel's, Canadian Mist, Southern Comfort, Fetzer and Bolla Wines, Korbel California Champagnes, Lenox, Dansk, and Gorham tableware and giftware, and Hartmann Luggage.

Glenmorangie deal reveals threat to future of Scotch producers

13 Jun 2000

The announcement that US giant Brown-Forman has taken a 10% stake in Glenmorangie has once more brought into question the long-term future of the smaller Scotch producers. Dave Broom, renowned drinks writer and Scotch expert, examines the deal's implications and the threat to the industry it reveals.

Mixing Drinks Proves a Headache

15 Dec 1999

Although a 'mega' merger to create a business capable of matching the scale of clear market leader Diageo has still to materialise, the global spirits and wine industry has changed significantly since GrandMet and Guinness pooled resources in 1997 to become at least twice the size of all other rivals. By Mike Rohan.

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