Wildfires Wreak Havoc on California's $58 Billion Wine Industry [Bloomberg Business News]
Brown Forman Inc Class A (BF.A)
US:NYSE Investor Relations:
investors.brown-forman.com/investor-relations
Company Research
Source: Bloomberg Business News
The fires ravaging Northern California stand to leave the area’s renowned wine industry with damage that will be felt long after the final flames burn out. At least four Napa Valley vineyards have been destroyed or significantly damaged, and the toll may be even worse in Sonoma County to the west. Though the majority of grapes have already been picked for the season, the smoke effects on those remaining may mean they have to be thrown out, diminishing this year’s vintage. The wildfires continue to rage after after suddenly and swiftly sweeping through the region starting Sunday night, leaving at least 15 people dead and displacing thousands in an area that’s home to a thriving tourism industry and some of the most valuable vineyards in the U.S. While it’s too early to gauge the extent of damage to California’s wine industry, which contributed almost $58 billion to the state economy last year, the effects are likely to be lasting. Wildfire in a vineyard in Glen Ell
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BF.A
Sec Filings
- 4/15/24 - Form 4
- 4/3/24 - Form 3
- 4/3/24 - Form 4
- BF.A's page on the SEC website