17 July 2024
By James Evison in Drinks Business
Pernod Ricard has sold its international wine brands to Australian Wine Holdco Limited (AWL), a consortium of institutional investors and owner of Accolade Wines.
The transaction includes the sale of its portfolio of international wine brands owned and produced by Pernod Ricard Winemakers, with producers located in Australia, New Zealand and Spain, and follows months of speculation on a deal.
It includes Jacob’s Creek, Orlando, St Hugo, Stoneleigh, Brancott Estate, Church Road, Campo Viejo, Ysios, Tarsus and Azpilicueta, with the wine portfolio also containing seven wineries. [READ MORE…]