Woodford Reserve’s parent company is cutting nearly 700 jobs as spirit sales sink

Jack Daniel’s Parent Company Is Laying Off 12% of Its Workforce as Whiskey Market Wanes

In another sign of a softening market, Brown-Forman is laying off 12 percent of its workforce

The company will fire about 5,400 employees due to the fall in its sales due to high prices

Nearly 100 jobs coming to Lexington as part of nearly $100 million new beverage plant

The Lexington County Council paved the way for Cardiff Products USA to build new facility.

Woodford Reserve’s parent company is cutting nearly 700 jobs as spirit sales sink

Brown-Forman, the parent company of Jack Daniel’s whiskey and Woodford Reserve bourbon, is laying off approximately 12% of its 5,400 global workforce amid a downturn in sales for spirits.

Jack Daniel’s maker announces job cuts and plant closure – Intelligent CXO

The Brown-Forman Corporation has announced a series of strategic initiatives to position the company for continued growth in the dynamic global spirits market. The company’s portfolio of premium brands includes the Jack Daniel’s family of brands, Woodford Reserve, Herradura, The Glendronach and more. The announcement includes restructuring the executive leadership team, implementing a workforce reduction affecting approximately 12% of the compan…

Jack Daniel’s owner to close barrel-making plant, cut more than 600 jobs

The restructuring by Brown-Forman, which is expected to generate up to $80 million in annual savings, comes as inflation and changing consumer tastes cut into spirits sales.