Accolade wines to acquire lion’s fine wine partners

Accolade wines to acquire lion’s fine wine partners

Lion today announced that Accolade Wines has agreed to acquire its entire Australian premium wine business, Fine Wine Partners (FWP). FWP is a quality fine wine business offering exposure to the attractive and growing premium wine segment in desirable viticultural regions. However, following a comprehensive strategic review it became clear that considerable investment would be required to grow FWP to scale. Lion CEO Stuart Irvine said: “Lion has a range of competing opportunities for investment in its core categories of beer and cider and has been unable to prioritise the investment required to grow Fine Wine Partners to a size justifying its fixed cost base.

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