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The largest shareholder in Australian Vintage, which owns the McGuigan and Tempus Two wine brands, says a Chemist Warehouse-style listing of Accolade makes sense.
Accolade Wines and AWL have reached an agreement which will stabilise the future of the winemaking business.
Australian wine group Accolade Wines has been taken over by a consortium of investors as part of a recapitalisation plan.
Accolade Wines has inked a conditional agreement to pursue a recapitalisation, with five consortium partners taking control of the debt stack.
(Bloomberg) -- Lenders including Bain Capital and Sona Asset Management have agreed to take over a distressed Australian wine producer as part of a debt restructuring. Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoApple’s China Slump Deepens Even as Total Sales Grow AgainQQQ Up in Late Trading as Meta Soars, Apple Falls: Markets WrapApple China Slowdown Sparks Fears That Prized Market Is at