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Afternoon Brief: August 20

Vintage Wine Estates Wins Approval to Sell Brands to Foley Firm: Bankrupt California-based vintner Vintage Wine Estates Inc. won court approval to sell five wine brands, including Bar Dog and Cherry Pie, to billionaire Bill Foley’s wine company. US Bankruptcy Judge Mary Walrath said Tuesday she’d allow the sale of the brands to Foley Family Wines Inc. for $15 million…