Altria to sell Ste. Michelle Wine Estates business to Sycamore Partners
Altria Group said that its subsidiary – UST LLC has agreed to divest its Ste. Michelle Wine Estates business to Sycamore Partners Management in an all-cash deal worth $1.2 billion. According to the tobacco giant, Sycamore Partners Management will also assume certain liabilities of Ste. Michelle Wine Estates business as part of the deal. Altria […]