Drinkhacker Reads – 06.04.2014 – Brown-Forman Begets Beaucoup Bucks
Brown-Forman reported this morning that it had a very strong 2013 with a final quarter pulling in a 17 percent net income increase over Q4 2012. A spokesperson attributed the success to its Jack Daniel’s brand (and its offshoot varieties like Tennessee Honey), which rose 8 percent overall for the year, as well as an increase in sales for its super and ultra premium brands such as Woodford Reserve (up 25% for the year). Sales also proved to be strong globally for the most part, with the only notable decreases coming from France (-16%) and Mexico (-4%). [Associated Press]
Marketwatch interviews Diageo CEO Ivan Menezes on the state of industry competition, and lets slip a little bit about the company’s future intentions regarding Bulleit Bourbon, and its non-intentions for Johnnie Walker. [WSJ]
Shanken News Daily reports that the acquisitions by Campari of Canada’s Forty Creek Distillery and Italy’s Averna Group is complete. Adding to its already stacked portfolio, Forty Creek came at a price tag of $182 million and shows the company’s commitment to Canadian Whisky. Averna was purchased for a mere $141 million. [Shanken News Daily]
And finally today in science news, nuclear physicists are joining in the noble cause of detecting wine fraud. It’s a short read, but certainly one of the more intriguing articles we’ve read all week. [NPR]
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