 Renaud Ricard says its premium spirits like Absolute and Jameson drive the growth of its business. The French company is selling 10 of its wine brands to an Australian group. The brands include Jacobs Creek and Campo Viejo. The move comes as the world drinks less wine. An industry group said last year's consumption of wine fell to its lowest point in 27 years, while wine production hit its lowest level in more than 60 years. Brian Clark, ABC News.