The Duckhorn Portfolio, a luxury wine company, agreed to acquire Sonoma-Cutrer Vineyards, a luxury Chardonnay winery, from Brown-Forman, a quality beverage alcohol manufacturer, for $400m. “We believe The Duckhorn Portfolio provides the capabilities, expertise, and focus to take the Sonoma-Cutrer wines to the next level. The Duckhorn Portfolio has some of the world’s most-respected luxury wine brands and Brown-Forman looks forward to participating in their future growth through a minority equity stake and board membership," Lawson Whiting, Brown-Forman President and CEO.