BF.A

Brown-Forman Corporation is a leading American-owned spirits and wine company with iconic brands including Jack Daniel's Tennessee Whiskey, Woodford Reserve, Old Forester, Finlandia Vodka, and others. Founded in 1870 and headquartered in Louisville, Kentucky, Brown-Forman has built a portfolio of premium and super-premium spirits sold in more than 170 countries. The company's flagship Jack Daniel's brand is among the world's most valuable spirits brands, generating significant international sales particularly in developed and emerging markets. Brown-Forman operates as both brand owner and distiller, maintaining control over production, marketing, and distribution in key markets. The company benefits from premiumization trends, international expansion opportunities, and the strength of its heritage brands. Brown-Forman is controlled by the founding family through dual-class share structure, enabling long-term strategic focus. The company faces challenges from changing consumer preferences, tariffs impacting international sales, and competitive premium spirits markets. Brown-Forman continues to invest in innovation, emerging brands, and digital marketing while maintaining the quality and heritage of its core brands.