Consumer
Brown-Forman Tempers Growth Ambitions as Spirits Demand Softens
A case of Jack Daniel's Tennessee Whiskey moves up a conveyor belt at Jack Daniel's Distillery in Lynchburg, Tennessee.
Photographer: Luke Sharett/BloombergBrown-Forman Corp., the maker of Jack Daniel’s whiskey, is tempering its growth expectations as the global spirits industry faces hurdles.
Chief Executive Officer Lawson Whiting said that the company still intends to reach a long-term goal to double its business but warned it will take a year or two longer than an original date planned for in 2032.