See our, Read a limited number of articles each month, You consent to the use of cookies and tracking by us and third parties to provide you with personalized ads, Unlimited access to washingtonpost.com on any device, Unlimited access to all Washington Post apps, No on-site advertising or third-party ad tracking. In fact, on many occasions the company has publicly stated its desire to remain independent. Cookie Notice. Bacardi is primarily known for its rum, although it also owns the Dewar's Scotch whiskey, Bombay gin and Martini & Rossi vermouth brands. Brown-Forman has never hinted that it … The names tossed about as possible suitors include publicly traded liquor giant Diageo and the companies Pernod Ricard and Bacardi. Is Brown-Forman the next Beam?Speculation about Brown-Forman as an acquisition target has been rife ever since Suntory acquired Beam earlier in the year. @themotleyfool #stocks $BF-B $DEO $BF.A, Why Diageo Is Pushing for a Change to Tennessee Whiskey Laws, and How Jack Daniel’s Is Fighting Back. See you at the top! In addition, Jack Daniel's excursion into the flavored whiskey market has been a rousing success. Molson Coors has one of the most attractive valuation of the major alcohol stocks.
However, even if Bacardi and Brown-Forman don't shake hands, Brown-Forman is still a strong stock with a bright future and a proven global market leader in Jack Daniels.
United Breweries reported a … You also agree to our Terms of Service. See our Privacy Policy and Third Party Partners to learn more about the use of data and your rights. Bacardi is a privately-held family-owned company, therefore, one cannot buy stocks in Bacardi, so it doesn't need a ticker symbol. A top-shelf dealThe acquisition of Brown-Forman would certainly be a feather in Bacardi's cap. Bacardi, a family-owned company, announced on Monday that it's acquiring Patron in a transaction that values the privately held tequila maker at $5.1 billion. By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms. To buy, or not to buyIn terms of a flagship brown spirit to fill the gap, Bacardi would score a huge win if it added Jack Daniel's to its cabinet of brands. By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms. With nearly 11 million cases sold, Jack Daniel's bested Beam's global sales by around 4.4 million cases, or nearly 70% in 2012. Most shareholders are members of the company's founding family, and it would take another vote by them for Bacardi to actually go public. He also pointed out that Bacardi has "a track record in participation in industry consolidation as we have shown with Martini, Dewars, Bombay Sapphire, and Grey Goose."
Copyright, Trademark and Patent Information. While Brown-Forman has a strong array of brown spirits that includes Jack Daniel's and Southern Comfort, it lacks products in other categories. All quotes are in local exchange time. While a publicly traded company usually has no reason to sell itself short, for a private company, like Bacardi, a low share price can save stockholders money in estate and property taxes. He also pointed out that while Jack Daniel's dominates its niche it only has a 3% share of the whiskey category, which includes Scotch, Irish, Canadian, and American whiskeys. As consolidation increases across the industry, economies of scale along with wide-ranging spirits brands and price points are becoming greater necessities for all involved. We rely on readers like you to uphold a free press. In fact, on many occasions the company has publicly stated its desire to remain independent. We use cookies and other technologies to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests. This content is currently not available in your region. CEO Paul Varga noted that the whiskey category is the "top-performing spirits category of the last 10 years, at 6% annual growth." The new European data protection law requires us to inform you of the following before you use our website: We use cookies and other technologies to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests. However, as I wrote in January, Bacardi has a … In May 2003, Bacardi shareholders voted to create a new class of stock that cleared the way for a possible initial public offering. By using this site you agree to the I would argue that it would be an even greater pick-up than Beam was for Suntory. Add BACARDÍ Carta Blanca rum to the cool, crispness of freshly squeezed lime and mint on ice.
The original BacardÍ mojito. Grey Goose is distilled and bottled in Cognac, France. Brown-Forman continues to outpace its competitors with strong growth rates across the board, which includes a one-year growth rate for return on equity of 32%. He ended by simply saying, "If it's right for us, we will do something.". However, the land of opportunity in the industry seems to be beyond the borders of countries like the U.S. and in Western Europe and in developing countries, like China and India -- and even Africa. Bacardi distributes its brands to 136 countries, and it has a particularly strong presence in Russia. Completion of the sale is expected in the next few months, pending regulatory approval, Bermuda-based Bacardi said in a statement. Underlying net sales for Tennessee Honey grew 30%, partly due to continued growth in the U.S. and advances into new international markets. Intraday Data provided by FACTSET and subject to terms of use. Please enable cookies on your web browser in order to continue. Why sell?So what's in it for Brown-Forman? Let's conquer your financial goals together...faster. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Returns as of 10/26/2020. This will …
The company is focused on growing its core brands once more, by investing in its existing brands and making acquisitions.
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