Yellow Tail Up for Sale?

Dear Client:Australia's Casella Family Brands is reportedly considering selling its entire wine business, including Yellow Tail. The group could fetch more than $500 million. Casella has hired UBS investment bank to test the waters and look for potential buyers, according to the Australian Financial Review. Sources tell AFR that the company has received a number of approaches, but has not started a formal auction or sent out any sale documents. Yellow Tail is the fifth largest brand on IRI's top