Pernod Ricard sells Australian wine brands, including Jacob's Creek, to Bain Capital-led consortium for merger with Accolade Wines.
French alcohol company Pernod Ricard has agreed to sell its Australian wine portfolio, including brands like Jacob's Creek, to a consortium led by Bain Capital. The consortium plans to merge the acquired brands with Accolade Wines, Australia's second-largest winemaker. Pernod Ricard will focus on its premium international spirits and champagne brands post-transaction. The deal is subject to regulatory approvals.
July 16, 2024
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