Diageo to Sell Italian Operations

Sazerac, one of the leading and fastest-growing spirits companies in the world, said it completed its acquisition of Au Vodka, a UK-based vodka and ready-to-drink (RTD) brand. The deal was first announced as a binding agreement and has now closed following customary completion conditions. Terms of

Veritas Legacy Partners said it closed on the acquisition of Veritas Vineyard & Winery, one of Virginia’s premier wine and vino-tourism destinations. The closing follows the transaction agreement announced earlier this year and marks a seamless transition into the winery’s next era of growth and stewardship. VLP

The accusations were about as serious as any could be. Brown-Forman's management had enriched itself despite a failing strategy and the board "is rewarding failure, and doing so lavishly and publicly." So said a letter written by two members of the family that controls Brown-