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Apr 2011 Issue of Wine Business Monthly
Top Story Fetzer Sold to Chilean Wine Company Brown-Forman announced on March 1 that the company completed a “strategic review of certain wine assets” and agreed to sell Fetzer Vineyards and other Hopland, California-based wine assets to Chilean wine producer Viña Concha y Toro for $238 million. According to Brown-Forman, the sale of Fetzer is expected to close in April 2011, and the gain on sale is projected to be in the range of $0.20 to $0.30 per share. The transaction i...
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