New Details on Brown-Forman and Constellation

Dear Client: Although it's the Tuesday before Christmas, some of the biggest stories of the year broke yesterday. Firstly, Remy Cointreau confirmed what sources had been telling us for weeks: Remy Cointreau USA chief Tom Jensen has stepped down. You can read more here. Then news broke from the Wall Street Journal that Brown-Forman has put its wine business up for sale, according to their sources. Constellation is also in the process of selling its non-US assets to an "unknown