Red flows at Grant Burge Wines as Accolade picks up pieces

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.

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