Red flows at Grant Burge Wines as Accolade picks up pieces

Accolade Wines, the second largest wine company in Australia, has a lot of work do to improve the performance of its recently-acquired Grant Burge Wines, which plunged to a loss of almost $10 million in its final year as a stand-alone firm. The Australian Financial Review can reveal that Barossa Valley-based Grant Burge Wines tumbled to a loss of $9.4 million after generating sales of $40.4 million in its last 12 months as an independent company.