Pernod Ricard New Zealand, the local arm of the French liquor company, has sold a dozen wine brands and some wineries to a Lion Nathan New Zealand-led joint venture for $88 million. Lion Nathan will pick-up a dozen new wine brands including Lindauer, Corbans, and Saints, while its partner Indevin, an independent winemaker, will take ownership of the Gisborne Winery, some vineyards in the Gisborne region, and the Twin River's vineyard in Hawke's Bay