Pins matching place:"Brown-Forman Corporation"

Jack Daniel's maker Brown-Forman said Sazerac's unsolicited offer, reported at $32 a share or about $15 billion, was 'not actionable' after the Brown family's majority holding said it did not fit their vision.

Brown-Forman's first-quarter net sales slipped 1% to $911 million as the Korbel exit, lower used-barrel sales and a 13% tequila slide offset New Mix's growth, and the Jack Daniel's maker reaffirmed flat organic sales for fiscal 2027.

Brown-Forman is expected to report second-quarter and first-half fiscal 2027 results in early December 2026, the next check on its flat-sales outlook as it searches for a new CEO after rejecting Sazerac's bid.