John Ratcliffe, the former head of Seagram UK and a driving force behind the once innovative specialist UK off licence chain, Oddbins, has been appointed CEO of Accolade Wines.

The board of Accolade Wines has announced that CEO Troy Christensen will be leaving his position today (November 30).

Hardys and Banrock Station brand owner Accolade Wines is to receive a £150 million financing facility from GE Capital.

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.

Constellation Brands, hitherto, the world's leading wine company, has announced that it has sold its Australian and UK business, (Constellation Wines Australia and Europe, CWAE), to CHAMP, an Australian private equity group.

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