Accolade Wines lays groundwork for public float with 10 per cent jump in sales

Australia’s second largest wine company, Accolade Wines, has laid the groundwork for a float in 2016 with a 10 per cent rise in sales to $486 million from its Australasian operations, which also have a hefty “tax asset” of $213 million to give an extra kicker to the business as it prepares to head back onto the stock exchange. Accolade, which owns the Hardys, Leasingham, Banrock Station and Grant Burge brands, notched annual sales from the Australia and New Zealand businesses of $486.4 million in the 12 months ended June 30, 2015, up from $442 million a year earlier.