Changing constellation

A bottle of Hardys Nottage Hill wine, center, produced by Constellation Brands, Inc., is shown at Premier Wine & Spirits in Williamsville, N.Y., Thursday. Constellation Brands Inc. said Thursday it is selling an 80 per cent stake in its Australian and British wine business to an Australian private equity firm for about $230 million, losing its distinction as the world’s biggest wine company.

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A bottle of Hardys Nottage Hill wine, center, produced by Constellation Brands, Inc., is shown at Premier Wine & Spirits in Williamsville, N.Y., Thursday. Constellation Brands Inc. said Thursday it is selling an 80 per cent stake in its Australian and British wine business to an Australian private equity firm for about $230 million, losing its distinction as the world’s biggest wine company.