Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Brown Family Built Brown-Forman Whiskey Empire
In Episode 54 of Family Business Stories with Fexingo, Lucas and Luna explore how the Brown family of Louisville, Kentucky, turned a 19th-century pharmacy whiskey into the global spirits giant Brown-Forman. They cover the 1870 founding by George Garvin Brown, the first to sell whiskey in sealed glass bottles; the family's decision to go public in 1933 while retaining super-voting shares; the controversial 2019 removal of CEO Paul Varga, the first non-family leader; and how the Brown family has maintained control with less than 5% economic ownership. The episode drills into the mechanics…
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