Brown-Forman to Sell Wine Unit; Constellation to Sell Non-US Wine Units?

Dear Client: The Wall Street Journal is reporting that Brown-Forman has put its wine business up for sale, according to their sources. B-F has reportedly hired Rothschild to run the auction process. "Private-equity firms and other global wine and spirits companies are expected to take a look at the business, which is unlikely to fetch much more than a few hundred million dollars," says the Journal.Also, the Journal adds to the reporting out there recently that Constellation is close to