{"id":16497,"date":"2023-05-31T23:33:15","date_gmt":"2023-06-01T03:33:15","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/brown-forman-to-invest-200-million-to-expand-tequila-distillery-in-jalisco-mexico\/"},"modified":"2023-05-31T23:33:16","modified_gmt":"2023-06-01T03:33:16","slug":"brown-forman-to-invest-200-million-to-expand-tequila-distillery-in-jalisco-mexico","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=16497","title":{"rendered":"Brown-Forman to invest $200 million to expand Tequila distillery in Jalisco, Mexico"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002120278\">\n<div class=\"snippet__body\">\n<p>Brown-Forman Corp. BF.B announced Wednesday plans to invest $200 million to expand its Casa Herradura tequila distillery in Jalisco, Mexico. to meet \u201cincreasing global demand\u201d for  its premium tequilas. The spirits company expects construction to begin in July 2023. \u201cWe believe strong consumer interest in tequila will continue and we\u2019re expanding our production capacity to meet this demand,\u201d said Chief Executive Officer Lawson Whiting. Tequila sales represented 7.3% of total sales during the fiscal third quarter ended Jan. 31, but Tequila sales growth of 14.5% outpaced overall sales growth of 4.2%. The stock, which was&#8230;\n      <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/brown-forman-to-invest-200-million-to-expand-tequila-distillery-in-jalisco-mexico-2354b029?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brown-Forman Corp. BF.B announced Wednesday plans to invest $200 million to expand its Casa Herradura tequila distillery in Jalisco, Mexico. to meet \u201cincreasing global demand\u201d for its premium tequilas. The spirits company expects construction to begin in July 2023. \u201cWe believe strong consumer interest in tequila will continue and we\u2019re expanding our production capacity to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-16497","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brown-Forman to invest $200 million to expand Tequila distillery in Jalisco, Mexico | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Brown-Forman Corp. BF.B announced Wednesday plans to invest $200 million to expand its Casa Herradura tequila distillery in Jalisco, Mexico. to meet\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=16497\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brown-Forman to invest $200 million to expand Tequila distillery in Jalisco, Mexico | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Brown-Forman Corp. 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