Constellation Wines renamed Accolade after Champ takeover

01 February, 2011

Constellation Wines Australia and Europe has been renamed Accolade Wines following the completed acquisition of an 80% share in the company by Australian equity group Champ.

The acquisition from Constellation Brands, which has been valued at AU$290m, includes brands such as Hardys, Banrock Station, Kumala and Echo Falls, and 50% of UK drinks wholesaler Matthew Clark.

Constellation Brands will continue to work with Accolade Wines in a distribution and supply capacity, having retained 20% of the business.

Champ managing director John Haddock said: “I think everyone knows there are a number of challenges facing the wine industry but it’s an important industry and we will be enthusiastic advocates for it.

“We see Accolade Wines as a company with strong fundamentals, a sound competitive position, a capacity to grow and an opportunity to reinvigorate its brands.”

Speaking of the company’s renaming, Accolade chief executive Troy Christensen said: “Management and Champ consider the new name to be consistent with their aspirations for the future of the company.”





Comment

Dominic Roskrow

Urban distilling could be the future

Over the past 12 months I have had the pleasure of spending a considerable amount of time in three of my favourite cities – Glasgow, Dublin, and Louisville.

Click for more »

Events

Facebook

Twitter