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1.Market Observations, 8.Was Sticky

27 June 2018 (AFR) – Jack Daniel’s maker may need a drink as tariffs hit shares

(27 June 2018, AFR, p13, by Janine Wolf)

‘The maker of Jack Daniel’s may be in need of a drink. Brown-Forman will have to raise prices for American whiskey sold in the European Union following the implementation of a 25 per cent tariff, according to spokesman Phil Lynch. The higher prices, which he said will primarily affect Jack Daniel’s, will translate to about a 10 per cent increase at the customer level.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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