Brown-Forman to Sell Finlandia Vodka for $220 Million

Dear Client:    Brown-Forman announced this morning that it has reached an agreement to sell its Finlandia Vodka brand to Coca-Cola HBC AG for $220 million. "Finlandia has played an important role in the global growth of Brown-Forman," says B-F chief Lawson Whiting. "We believe Coca-Cola HBC is well-suited to support Finlandia's future growth and look forward to watching the continued evolution of the brand in their capable hands." Finlandia accounts for just about 2% of B-F's total net sales, with annual volumes