Beverages – LATEST NEWS

Brown-Forman surpassed third-quarter expectations as demand for Jack Daniel’s and ready-to-drink beverages supported results despite sales declines in developed markets such as Canada and the United States.

Retrenchment notices come as the global food giant restructures operations, cuts jobs worldwide and reshapes its business divisions.

The new line aims to double manufacturing capacity while enhancing sustainability, export potential and technological capabilities.

Profit was supported by strong sales growth, margin expansion and the strategic acquisition of Bullet beverage brands across African markets.

Foreign currency translation loss, which stood at N290.7 billion in 2024, declined to zero in the year under review.