Accolade Wines boss Paul Schaafsma to step down as IPO looms

30 August, 2016

Paul Schaafsma is stepping down from his role as chief executive at Accolade Wines less than a year after he was promoted to the top job.

Schaafsma headed up its UK arm for three years before he became overall chief executive in October 2015, but he is bowing out as the company plans an IPO worth around AUS$1billion – 1.5 billion (£580 million - £850 million).

Accolade’s 80% owner Champ Equity has named Michael East, currently general manager of Accolade’s Australian and Asian division, as Schaafsma’s successor.

Schaafsma is understood to have been prepared to help with the listing but did not want to commit himself to the role for the next few years as he is keen to pursue other opportunities. 




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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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