The Duckhorn Portfolio, a luxury wine company, completed the acquisition of Sonoma-Cutrer Vineyards, a luxury Chardonnay winery, from Brown-Forman, a quality beverage alcohol manufacturer, for $400m. “We are thrilled to add the acclaimed Sonoma-Cutrer winery brand to our portfolio of luxury winery brands and welcome their talented team. The addition of these iconic and carefully curated wines to our offering broadens our reach in the luxury Chardonnay category and further cements our place as the premier pure-play producer of luxury wine in the US. We believe this acquisition will enhance our ability to deliver a full portfolio of luxury wines to the consumer, and further advance our ambition to drive consistent, profitable growth and create meaningful value for all our stakeholders,” Deirdre Mahlan, The Duckhorn Portfolio President, CEO and Chairperson.