Pernod to sell international wine portfolio

Pernod Ricard is to sell its international wine portfolio to Australian Wine Holdco Limited (AWL), a consortium of international institutional investors and owner of Accolade Wines.

The agreement includes New Zealand wine brands Church Road, Stoneleigh, and Brancott Estate, as well as Jacob’s Creek, Orlando and St Hugo from Australia, and Campo Viejo, Ysios, Tarsus and Azpilicueta from Spain. It also includes seven wineries.

In a statement announcing the signing of the agreement with AWL, Pernod Ricard said: “This disposal will allow Pernod Ricard to further strengthen its premiumization strategy and to direct its resources to its portfolio of premium international spirits and champagne brands that drive the growth of its business.”

Australian Wine Holdco Limited is a consortium of international institutional investors which comprises funds backed by Bain Capital, Intermediate Capital Group, Capital Four, Sona Asset Management, and Samuel Terry Asset Management.

Closing of the transaction remains subject to regulatory clearances and other conditions. Pernod Ricard says it expects that to occur during the first half of 2025.