Redd Brown
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Earnings reporter with Bloomberg News. Views mine. rbrown298@bloomberg.net
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Articles by Redd Brown
Sai vinho, entra ‘tequila’: produtores da Califórnia trocam uva por agave para driblar crise
Bloomberg — Os produtores de vinho da Califórnia, que enfrentam uma queda acentuada no consumo de vinho, têm feito experimentos para a produção de uma versão americana da tequila. Diante das restrições hídricas impostas pelo estado e do excesso de oferta de uvas, o agricultor de segunda geração Stuart Woolf é um dos que têm apostado no agave. Ele plantou cerca de 550 acres ao longo de quatro anos em suas terras em Huron, na Califórnia. Ele planeja acrescentar mais 150.
California Wine Slump Leads Growers to Make Risky Bet on Agave
California’s vintners, struggling with a precipitous drop in wine consumption, are experimenting with making an American version of tequila. Facing state-imposed water restrictions and an oversupply of grapes, second-generation farmer Stuart Woolf is one of those betting on agave. He has planted about 550 acres over four years on his land in Huron, California. He plans to add another 150. California’s love of tequila was “one of the reasons I was so enamored with planting this crop,” he said.
California’s Wine Slump Is Fueling a Risky Bet on Agave Original
But things look even worse for grape growers. Wine sales contracted 5% last year, the most among alcoholic beverages, according to Circana data compiled by Bloomberg Intelligence. The category, which brings in more than $15 billion annually through Circana's tracked retail channels, hasn't grown since at least 2022. With demand down, some growers are ripping their vines out or letting their crops rot, said Dale Stratton, managing director of Azur Associates, an alcohol industry consulting group.
Chipotle Jumps on Report Starbucks Has Explored Takeover (2)
shares jumped after the Financial Times that has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, the FT said, citing people familiar with the matter. , Starbucks’ chief executive officer since 2024, previously spent six years as the top executive at Chipotle, where he spearheaded a period of rapid growth.
Is Starbucks plotting a Chipotle takeover? Original
Chipotle Mexican Grill shares jumped on Thursday after the Financial Times reported Starbucks has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, the Times said, citing people familiar with the matter.
Acciones de Chipotle se disparan hasta 8% tras reporte de posible compra por parte de Starbucks
Bloomberg — Las acciones de Chipotle Mexican Grill Inc. (CMG) se dispararon después de que Financial Times informara que Starbucks Corp. (SBUX) ha trabajado con asesores en los últimos meses en una propuesta para adquirir la cadena de burritos. Aún no se conoce el estado de los planes de adquisición y una operación de esta magnitud podría incluso no llegar a concretarse, informó Financial Times, citando a personas familiarizadas con el asunto.
Chipotle Jumps on Report Starbucks Has Explored Takeover (1)
Chipotle Mexican Grill Inc. shares jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain.
Chipotle Jumps on Report Starbucks Has Explored Takeover
Bloomberg (Bloomberg) -- Chipotle Mexican Grill Inc. shares jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain.
Pop-Tarts Ends BuzzBallz Tie-Up on Underage Drinking Fears
Source: Totalwine.com (Bloomberg) -- Mars Inc. is pulling its Pop-Tarts and BuzzBallz collaboration just a month into its rollout over concerns that the product could appeal to underage drinkers.
Sazerac Is Said to Study Deal For German Schnapps Maker Berentzen
Photographer: Justin Sullivan/Getty Images (Bloomberg) -- US spirits firm Sazerac Co. is exploring a potential acquisition of German schnapps maker Berentzen-Gruppe AG, according to people familiar with the matter.
The next generation of drinkers is breaking up with bubbly booze
At bars and college parties across the country, traditional alcoholic beverages are going flat. Vodka waters are replacing vodka seltzers. Even tequila is being mixed with water instead of soda. Fizzy drinks, as it turns out, make young people feel kind of gross. More companies, from startups to big alcohol brands, are catching onto Gen Z’s distaste for carbonation. Last year, fizz-free beverages accounted for 38% of newly launched products in the $22 billion U.S. market for premixed drinks.
The Next Generation of Drinkers Is Breaking Up With Bubbly Booze
Photographer: Shawn Michael Jones/Bloomberg (Bloomberg) -- At bars and college parties across the country, traditional alcoholic beverages are going flat. Vodka waters are replacing vodka seltzers.
Dollar Chains Give Diverging View on Pressured Retail Sector
Photographer: Chet Strange/Bloomberg (Bloomberg) -- Dollar-store chains provided different takeaways on the state of the US retail sector that’s facing increasing economic challenges.
Brown-Forman Family Members Rebuked Retiring CEO (Correct)
Weeks after announced it had to combine with spirits group , two members of the family that controls the owner of Jack Daniel’s drafted a letter to the board. Their assessment was withering. W. L. Lyons Brown III, a descendant of the Brown-Forman founding family, and his brother , a retired director, took the board to task for deteriorating results, questionable pay practices and the bungled deal with Pernod Ricard.
Brown Family Members Rebuked Retiring CEO of Jack Daniel’s Maker
Weeks after announced it had to combine with spirits group , two members of the family that controls the owner of Jack Daniel’s drafted a letter to the board. Their assessment was withering. W. L. Lyons Brown III, a descendant of the Brown-Forman founding family, and his brother , a retired director, took the board to task for deteriorating results, questionable pay practices and the bungled deal with Pernod Ricard.
Brown-Forman Family Members Rebuked Company’s Management
Photographer: Luke Sharrett/Bloomberg (Bloomberg) -- Weeks after Brown-Forman Corp.
Zyn Pouches With Higher Nicotine Content Get FDA Authorization
The US Food and Drug Administration authorized a series of pouches with higher nicotine content from as the cigarette maker looks to fend off rising competition with its hit product. The FDA cleared 11 products under the Zyn Ultra brand, with flavors including citrus, chill and deep freeze. Ten of the products have 9 milligrams of nicotine while one has 11 milligrams — much higher than the standard Zyn pouches.
Zyn Pouches With Higher Nicotine Content Get FDA Authorization
Photographer: Bing Guan/Bloomberg (Bloomberg) -- The US Food and Drug Administration authorized a series of pouches with higher nicotine content from Philip Morris International Inc.
US Alcoholic Beverage Consumption Stabilizes at a Historic Low
The number of Americans who say they on occasion held steady from last year, according to a new study, offering hope to the embattled spirits industry that recent drops in drinking rates may be stabilizing. Self-reported boozing remained at 54% this year, matching last year’s historic low but halting three consecutive annual declines, according to a Gallup poll released Thursday. While that figure was unchanged, the average number of drinks per week inched up to 3.2 from 2.8 the previous year.
US Alcoholic Beverage Consumption Stabilizes at a Historic Low
Photographer: Spencer Platt/Getty Images (Bloomberg) -- The number of Americans who say they consume alcohol on occasion held steady from last year, according to a new study, offering hope to the embattled spirits industry that recent drops in...
The $75,000-a-Month Job: Gen Z Hustler Pitches Vape Vending Machines Over 9-to-5 Grind Original
Three years ago, Micah Stanley was working nights as a janitor at a Nebraska high school.
P&G Buys Vitamin Maker Thorne for $3.8 Billion in Health Push
Source: Business Wire (Bloomberg) -- Procter & Gamble Co. won the bidding war for supplement maker Thorne in a deal valued at $3.8 billion.
Kimberly-Clark Diaper Sales Hit by ‘False’ Claims in China
Photographer: Kyle Grillot/Bloomberg (Bloomberg) -- Kimberly-Clark Corp. trimmed its annual growth forecast after a warehouse fire disrupted operations and what it called “false allegations” about the quality of its diapers in China hurt sales.
Starbucks, Chipotle Tweak Menus and Rewards to Win Over Diners Original
Photographer: David Paul Morris/Bloomberg (Bloomberg) -- Consumers’ reluctance to spend is no match for fruity refreshers and chipotle honey chicken burritos. Two of the largest US restaurant companies, Starbucks Corp.
Chipotle Beats Sales Estimates on Honey Chicken, New Rewards
Photographer: Jeenah Moon/Bloomberg (Bloomberg) -- Chipotle Mexican Grill Inc. raised its annual guidance after bringing back its popular honey chicken and overhauling its rewards program.
米コカ・コーラ、通期見通し引き上げ－W杯追い風に販売好調
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Coca-Cola raises guidance, buoyed by World Cup sales lift
Business Private Beverage giant continues to gain traction among shoppers with a widening portfolio of beverages July 28, 2026 10:42 AM, EDT A delivery truck driver unloads Coca-Cola products in Frankfort, Ky. (Luke Sharrett/Bloomberg) Key Takeaways: Coca-Cola raised its 2026 outlook after strong quarterly results, forecasting 5% organic sales growth and up to 8% earnings-per-share growth.
Coca-Cola eleva sus previsiones impulsada por el aumento de ventas durante el Mundial
Bloomberg — Coca-Cola Co. (KO) revisó al alza sus previsiones para todo el año, impulsada por la demanda registrada durante el último trimestre, en el que fue uno de los principales patrocinadores del Mundial. Coca-Cola, con sede en Atlanta, prevé ahora un crecimiento orgánico de las ventas del 5%, frente a la previsión anterior, que se situaba entre el 4% y el 5%. La empresa también superó las expectativas de ganancias y ventas para el último trimestre.
Coca-Cola Raises Guidance, Buoyed by World Cup Sales Lift
Source: Bloomberg (Bloomberg) -- Coca-Cola Co. raised its full-year outlook, bolstered by demand last quarter while it served as a major sponsor of the FIFA World Cup.
Q2 2026 earnings News Updates
BusinessEquipmentLogisticsFor-Hire TFI eyes further truckload OR improvement as market rebounds The truckload unit again drove results at the Montreal-based carrier in the second quarter of 2026 as the freight market rebounded. Keiron Greenhalgh July 28, 2026 GovernmentBusinessEquipmentLogisticsFor-Hire TFI weighs U.S. nonunion LTL acquisition The carrier is looking into adding a nonunion LTL carrier for around C$200 million, or $142 million at current exchange rates, CEO Alain Bédard said.
Philip Morris Doubles Zyn Factory Investment to $1.2 Billion
Photographer: Shelby Knowles/Bloomberg (Bloomberg) -- Philip Morris International Inc.
Brown-Forman Rejects Sazerac’s Renewed $15 Billion Offer (2)
Jack Daniel’s owner said its board of directors rejected an unsolicited takeover offer from , which asked the company to reconsider the $15 billion bid that was rebuffed earlier this year. Sazerac wrote to Brown-Forman’s shareholders and directors to ask that they reconsider the previous all-cash offer of $32 per share, a 22.7% premium to Friday’s closing price of $26.08, according to a letter seen by Bloomberg on Sunday.
Brown-Forman Rejects Sazerac’s Renewed $15 Billion Offer Original
Photographer: Luke Sharrett/Bloomberg (Bloomberg) -- Jack Daniel’s owner Brown-Forman Corp.
Jack Daniel’s Maker CEO Whiting Is Planning to Retire (1)
’s Chief Executive Officer is planning to retire, the company announced Monday. Whiting, who took over the role in 2019, will step down once a successor has been appointed, according to the statement. The Jack Daniel’s whiskey maker is struggling to navigate an increasingly challenging alcohol market. The board of directors has initiated a search for Whiting’s successor and will consider internal and external candidates, according to the statement.
Jack Daniel’s Maker CEO Whiting Is Planning to Retire (1)
’s Chief Executive Officer is planning to retire, the company announced Monday. Whiting, who took over the role in 2019, will step down once a successor has been appointed, according to the statement. The Jack Daniel’s whiskey maker is struggling to navigate an increasingly challenging alcohol market. The board of directors has initiated a search for Whiting’s successor and will consider internal and external candidates, according to the statement.
CEO da Brown-Forman anuncia aposentadoria após perdas e mudanças no setor de bebidas
Bloomberg — O CEO da Brown-Forman, Lawson Whiting, planeja se aposentar, anunciou a empresa nesta segunda-feira (13). Whiting, que assumiu o cargo em 2019, deixará o cargo assim que um sucessor for nomeado, de acordo com um comunicado. A fabricante do uísque Jack Daniel’s enfrenta dificuldades para se orientar em um mercado de bebidas alcoólicas cada vez mais desafiador.
Jack Daniel’s Maker CEO Whiting Is Planning to Retire
Photographer: Luke Sharrett/Bloomberg (Bloomberg) -- Brown-Forman Corp.’s Chief Executive Officer Lawson Whiting is planning to retire, the company announced Monday.
Philip Morris can market Zyn as lower risk than cigarettes
The Food and Drug Administration authorized Philip Morris International Inc. to market its Zyn nicotine pouches as less harmful than cigarettes, the first time the category has received the distinction. The company is allowed to say that 20 variants of the pouches pose less risk than the combustible alternatives for a litany of diseases including lung cancer, stroke and emphysema, according to statements from the company and posted on the FDA website.
Philip Morris can market Zyn as lower risk than cigarettes
The Food and Drug Administration authorized Philip Morris International Inc. to market its Zyn nicotine pouches as less harmful than cigarettes, the first time the category has received the distinction. The company is allowed to say that 20 variants of the pouches pose less risk than the combustible alternatives for a litany of diseases including lung cancer, stroke and emphysema, according to statements from the company and posted on the FDA website.
Philip Morris Can Market Zyn as Lower Risk Than Cigarettes (1)
The Food and Drug Administration authorized to market its Zyn nicotine pouches as less harmful than cigarettes, the first time the category has received the distinction. The company is allowed to say that 20 variants of the pouches pose less risk than the combustible alternatives for a litany of diseases including lung cancer, stroke and emphysema, according to statements from the company and posted on the FDA website.
Philip Morris says it can market Zyn as safer than cigarettes
; More for You ; ; ; ; Continue reading More for You
Philip Morris Can Market Zyn as Lower Risk Than Cigarettes Original
Photographer: Bing Guan/Bloomberg (Bloomberg) -- The Food and Drug Administration authorized Philip Morris International Inc. to market its Zyn nicotine pouches as less harmful than cigarettes, the first time the category has received the distinction.
Pressured shoppers keep stretching budgets, aiding retailers
Getting your Trinity Audio player ready... By Lily Meier and Redd Brown | Bloomberg Shares of retailers spanning Kohl’s to Best Buy and Dollar Tree rose amid optimism that shoppers are still spending when they see what they want at the right price. The three chains operate in very different parts of the retail sector, but all surprised investors to the upside in a sign of strength by US consumers who are facing multiple hurdles.
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