Brown-forman completes sale of sonoma-cutrer vineyards

Louisville, ky.--(business wire)--brown-forman (nyse: bfa, bfb) announced today that it completed the sale of sonoma-cutrer vineyards and related brand trademarks to the duckhorn portfolio, inc. (nyse: napa), a premier wine group, on april 30, 2024. in november 2023, brown-forman disclosed it had reached an agreement to sell the brand in exchange for an ownership percentage of approximately 21.5% in the duckhorn portfolio and $50 million usd. as part of the agreement, the duckhorn portfolio has.
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