Pernod Ricard ends Australian and New Zealand wine adventure
The spirits giant is accelerating its refocus on high-end spirits.
Popularity Wine from the New World Could it be coming to an end? That’s what Pernod Ricard, the world’s number two wine and spirits company, said on Wednesday that it was ditching Australian, New Zealand and Spanish wines. It is about to be sold to a consortium of investors, Australia Wine Holdco Limited, owner of Accolade Wines, and the division includes Australian wines in particular. Jacob RiverOrlando, St Hugo and New Zealand wines Stoneleigh, Brancott Estate and Church Road, as well as Spanish juices Campo Viejo, Ysios, Tarsus and Azpilicueta. The group specifies that the operation, which is still subject to the green light from competition authorities, should close in the second half of 2025.
This sale project consists of dozens of brands acquired over three decades, and will leave in the group's wine portfolio only its American nectars, such as Kenwood California, as well as wines from bodegas…
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