Alert, Pernod Looking to Sell Wine Division?

Dear Client:Pernod Ricard is reportedly considering selling its wine division, which includes the likes of Jacob's Creek and Campo Viejo, according to sources familiar with the matter, reports Bloomberg. Sources pegged Pernod's wine business at roughly $500 million in sales. Those sources also described any deliberations to sell that end of the business as "preliminary." Pernod Ricard would not comment on the matter to the outlet. According to Bloomberg, Pernod "began studying options for the division since before being targeted