Sentences with phrase «cent of accolade»

It's also believed that New York liquor giant Constellation Brands, which still owns 20 per cent of Accolade after selling down to CHAMP a few years ago, will divest its stake as part of a deal.

The New York - listed Constellation Brands, with 20 per cent of Accolade, will have a seat at the table and is still brandishing bruises from paying top dollar in a $ 1.9 billion takeover of Accolade's predecessor entity BRL Hardy in 2003.

Not exact matches

Accolade is the leader in the British wine market with a share of 13 per cent and sells about 35 million cases of wine annually from its stable of wine brands in Australia, New Zealand, South Africa and Chile.

Accolade is 80 per cent - owned by CHAMP Private Equity, which is weighing up a potential exit after five years of ownership.

The higher - margin strategy is part of the reason why Mr Clarke said Treasury wasn't really interested in buying the $ 1 billion - plus Accolade Wines business now destined for an ASX listing in early 2017 under 80 per cent owner CHAMP Private Equity.

Accolade, which is 80 per cent owned by private equity firm CHAMP, has installed a new general manager into the Grant Burge Wines business in Jeff Bond, who had been chief executive of Peter Lehmann Wines for five years until it was taken over by Casella Wines in late 2014 in a $ 57 million buyout deal.

As Street Talk revealed last week, CHAMP wants to sell at least the bulk of its 80 per cent stake in Accolade Wines.

Accolade is still 20 per cent owned by New York Stock Exchange - listed Constellation Brands which bought the entire wine business for $ 1.9 billion in 2003 when it was known as BRL Hardy, and then sold down most of its stake in 2011 for a much lower multiple after a sustained slump in profits as the high Australian dollar hit profit margins on exports.

The Brexit vote in mid-2016 and the resultant tumble in the value of the British pound had caused a substantial shift in the commercial outlook for Accolade, which derives about 55 per cent of its total sales from Britain and Europe.

Constellation still has 20 per cent of what is now known as Accolade Wines, with CHAMP Private Equity holding the other big chunk.

Three weeks ago Accolade sold its 50 per cent share in Britain's biggest drinks distributor to pubs, Matthew Clark, in a sell - off of the entire business which reaped a six-fold return.

Accolade, which sells brands such as Hardys, Leasingham, Grant Burge and Banrock Station, makes about 55 per cent of its sales to the UK and Europe with the slump in the British pound hurting margins.

Accolade Wines, which makes Hardys, Leasingham, Banrock Station and Grant Burge Wines, earlier this week pulled the plug on a planned $ 1 billion - plus float of the business because of the big shifts in the UK market, and also after overtures from potential Chinese buyers or commercial partners of Accolade, which is 80 per cent owned by CHAMP Private Equity.

Under Paul's leadership the market share of Accolade Wines in the UK has grown over 70 per cent and Hardys, the leading wine brand in the UK on trade and off trade, has increased its market share by almost 16 per cent.

CHAMP private equity owns 80 per cent of Australia's Accolade Wines, which has brands such as Hardy's and Banrock Station and may look at the Australian operations of Treasury in particular.