Key Takeaways: Leanne D. Cunningham, Brown-Forman’s finance chief, plans to retire on May 1, as per a Securities Exchange Commission filing on Aug. 21. The spirits company, known for brands like Jack Daniel’s whiskey, is 155 years old. Cunningham joined…
Tag:
decline
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Dive Brief: Spindrift is discontinuing production of Spindrift Spiked after four years to focus on innovating its core sparkling water platform, the company said on its website. The beverage maker said the alcoholic offering required “substantial resources and time” and…
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Kraft Heinz announced on Tuesday that it is currently reviewing potential strategic transactions in an effort to reverse a decline in sales. The company did not disclose any specific details regarding the review process, such as a timeline for decision-making…
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Key Takeaways: Constellation Brands is focusing on its Mexican beer offerings as its wine and spirits division experiences significant declines, according to CEO Bill Newlands during the recent earnings call. Pacifico, Modelo Especial, and Modelo’s Chelada brews saw sales growth…
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Key Points: Cargill, a major agribusiness company, is cutting 5% of its workforce globally in response to a decline in profits. Approximately 8,000 employees will be affected by the layoffs as Cargill aims to adapt to changing agricultural trends and…
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According to data from Wine & Spirits Wholesalers of America (WSWA), wine sales decreased by 8% in the year ending August 2024, indicating challenges ahead for the category amidst changing consumer trends. Industry expert Dale Stratton attributes the decline in…