Hardys firm renamed Accolade Wines as sale completes

01 February, 2011

Constellation Wines Australia & Europe has been renamed Accolade Wines by its new owner.

Sydney-based Champ Private Equity has now completed its A$290 million purchase of an 80% stake in the company, whose brands include Hardys, Banrock Station, Kumala, Fish Hoek and Echo Falls.

Troy Christensen remains chief executive of the business. He said: “The management team is looking forward to working with the new owners who are bringing open mindedness, fresh energy and an expansive approach to the business. Management and Champ consider the new name to be consistent with their aspirations for the future of the company.”

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 re-invigorate its brands.”

He added: “Whatever Accolade Wines produces or sells should be deserving of merit. Champ wants Accolade Wines to win praise from everyday consumers and from its business partners for the wines and services it provides.”




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Rosé tinted glasses

I was asked recently what I thought the biggest change had been in wine fashion in the past five years. My answer was unequivocal: sales of pink wines. From being a niche that expanded and contracted with the sunshine, rosé has subtly but steadily become a stalwart of many merchants’ ranges, with Provence firmly at the top and asked for by name.

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