Bourbon maker Jim Beam closing Kentucky distillery for a year, AP News says

Bourbon maker Jim Beam (STBFY) is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging before it is ready, Associated Press’ Jeffrey Collins reports. Jim Beam said the decision to pause bourbon making at its Clermont location in 2026 will give the company time to invest in improvements at the distillery. The bottling and warehouse at the site will remain open, along with the James B. Beam Distilling Co. visitors center and restaurant, the author notes. Other publicly traded companies in the space include Brown Forman (BF.A, BF.B), Diageo (DEO), Constellation Brands (STZ), and MGP Ingredients (MGPI).