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Diageo, the parent company of Guinness, is anticipating a potential $200 million impact on its operating profits in the upcoming financial quarter starting in March if tariffs on the U.S. and Mexico are imposed next month. During an earnings call…

Key Points: Brown-Forman, the owner of Jack Daniel’s, is laying off 640 workers and closing its bourbon cooperage in Louisville, Kentucky. The company will now source bourbon barrels from an external supplier to cut costs and streamline its structure. The…

Flowers Foods Acquires Simple Mills in $795 Million Deal Flowers Foods, known for its iconic Wonder bread, has announced the acquisition of better-for-you snacks maker Simple Mills for a whopping $795 million. This strategic move is set to enhance Flowers…