Advertisement
UK markets close in 1 hour 1 minute
  • FTSE 100

    8,056.30
    +15.92 (+0.20%)
     
  • FTSE 250

    19,571.68
    -147.69 (-0.75%)
     
  • AIM

    752.80
    -1.89 (-0.25%)
     
  • GBP/EUR

    1.1654
    +0.0009 (+0.08%)
     
  • GBP/USD

    1.2493
    +0.0030 (+0.24%)
     
  • Bitcoin GBP

    51,066.51
    -1,360.33 (-2.59%)
     
  • CMC Crypto 200

    1,379.18
    -3.40 (-0.25%)
     
  • S&P 500

    5,011.49
    -60.14 (-1.19%)
     
  • DOW

    37,812.52
    -648.40 (-1.69%)
     
  • CRUDE OIL

    82.26
    -0.55 (-0.66%)
     
  • GOLD FUTURES

    2,335.80
    -2.60 (-0.11%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,836.34
    -252.36 (-1.40%)
     
  • CAC 40

    7,976.34
    -115.52 (-1.43%)
     

Brown-Forman returns to Scotch with £285 mln whisky acquisition

LONDON, April 27 (Reuters) - Jack Daniel's owner Brown-Forman Corp is getting back into the Scotch whisky business after an 11-year absence with the 285 million pound ($415.42 million) purchase of the BenRiach Distillery.

The deal, announced on Wednesday, will add the GlenDronach, BenRiach, and Glenglassaugh single-malt Scotch whiskies to a portfolio that already includes the American whiskey brands Woodford Reserve and Early Times in addition the flagship Jack Daniel's.

Brown-Forman, based in Louisville, Kentucky, used to sell the Glenmorangie single-malt whisky in various markets, and was a minority shareholder in the brand. It (Other OTC: ITGL - news) sold its interest when Moet Hennessy (Paris: FR0000121014 - news) bought Glenmorangie in 2005.

Brown-Forman in January agreed to sell its Southern Comfort and Tuaca brands to Sazerac for $543.5 million, to focus on its core whiskey business.

($1 = 0.6861 pounds) (Reporting by Martinne Geller in London, editing by Louise Heavens)