Jack Daniel's owner makes harsh cost-cutting moves, closure and layoffs

By Yahoo! Finance   |   2 days ago
Jack Daniel's owner makes harsh cost-cutting moves, closure and layoffs

The COVID-19 pandemic led to increased alcohol consumption, benefiting liquor manufacturers. However, post-pandemic, the industry is facing a decline in sales due to reduced isolation measures and economic uncertainty. Brown-Forman is implementing a restructuring plan to address the challenges and drive growth.

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