LOUISVILLE, Ky.--(BUSINESS WIRE)--

Brown-Forman Corporation (NYSE: BFA)(NYSE: BFB) announced today that the company has completed the sale of substantially all of the assets of its Hartmann luggage and leather goods business to Clarion Capital Partners, LLC, a private equity firm. Terms were not disclosed.

Founded in 1877, Hartmann is one of the oldest luggage manufacturers in America. Purchased by Brown-Forman in 1983, Hartmann has a well-earned reputation for high quality and stylish design which has made it a leader in the travel goods industry.

SunTrust Robinson Humphrey was financial advisor to Brown-Forman.

Brown-Forman Corporation is a diversified producer and marketer of fine quality consumer products, including Jack Daniel's, Southern Comfort, Finlandia Vodka, Tequila Herradura, el Jimador Tequila, Canadian Mist, Fetzer and Bolla Wines, and Korbel California Champagnes.

Clarion Capital Partners, LLC, is a New-York based private equity firm. The firm invests in the consumer products, specialty retail, business services, healthcare services, specialty financial services and niche media/entertainment industries. Current investments include U.S. Nursing Corporation, The Oceanaire, Inc.Great Northwest Insurance Company, Strategic Outsourcing, Inc., and Crowe Paradis Services Corporation. Additional information about Clarion can be found at www.clarion-capital.com.

Source: Brown-Forman Corporation

Contact: Brown-Forman Corporation T.J. Graven, 502-774-7442 Assistant Vice President Director Investor Relations or Phil Lynch, 502-774-7928 Vice President Director Corporate Communications and Public Relations