Brown-Forman Board Approves New Share Repurchase Authorization of $1 Billion and Declares Cash Dividend

Louisville, KY, January 28, 2016 – Brown-Forman Corporation (NYSE: BFB, BFA) announced that its Board of Directors has approved a new $1 billion share repurchase authorization, commencing April 1, 2016 through March 31, 2017, subject to market and other conditions. The current buyback expires on March 24, 2016. Under the new repurchase […]

January 28th, 2016|All|

Brown-Forman to Sell Southern Comfort and Tuaca to Sazerac for $544 Million

Louisville, KY, January 14, 2016 – Brown-Forman Corporation (NYSE: BFA, BFB) announced today that it has reached an agreement to sell its Southern Comfort and Tuaca trademarks to Sazerac for $543.5 million.

Brown-Forman Chief Executive Officer Paul Varga said the decision to sell these brands reflects the company’s evolving portfolio strategy and a […]

January 14th, 2016|All|