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Pernod Ricard to sell 10 wine brands

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French alcohol group Pernod Ricard is selling 10 wine brands.

Pernod Ricard, which owns brands such as Absolut Vodka and Jameson Whiskey, is selling off wine holdings that include Jacob’s Creek, Orlando, Stoneleigh and Brancott Estate.

Australian Wine Holdco Ltd., a consortium of international investors, is buying the wine brands for undisclosed terms.

Read more from CNN.

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