Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


New owner to grow New Zealand wine brands

Tuesday, April 1, 2014
New owner to grow New Zealand wine brands

A suite of award-winning New Zealand brands have today been acquired by leading Australian wine company, Accolade Wines, which plans to use its global reach to grow the brands.

The deal, announced last November pending Overseas Investment Office approval, has been finalised following regulatory approvals, and includes the Mud House, Waipara Hills, Dusky Sounds, Haymaker and Skyleaf brands and their assets and operation of Waipara Hills cellar door and café.

Accolade Wines General Manager Asia Pacific, Michael East, said the company had been keen to enhance its portfolio of New World wine brands and had been looking for brands which would complement its existing portfolio for some time.

“These brands are outstanding and cover varietals from key regions such as Marlborough for Sauvignon Blanc, Central Otago for Pinot Noir and aromatics from the Waipara Valley including Riesling and Pinot Gris,” Mr East said.

He said the purchase would cement Accolade’s global strategy of delivering a full service New World wine proposition across the value, mid-market and premium categories.

Accolade Wines will be retaining the New Zealand team, headed by Mr MJ Loza, (who will be General Manager of Accolade Wines in New Zealand), along with key personnel including winemakers, viticulturalists, and equally crucially will be taking on existing growers/suppliers.

Mr Loza said it was an important opportunity for the NZ business which would now have the backing of a very experienced global operator with plans to grow the brands in key markets such as the United Kingdom, the United States and Asia.

“We will essentially be the same team, the same winemakers, the same viticulturalists and importantly the same growers, and now also with the backing of a company that goes back over a hundred years, and has an export heartbeat.

“New Zealand consumers are familiar with our brands, and Accolade’s brands including Hardys and Banrock Station. We’re now working with Accolade so that Mud House and Waipara Hills will have access to the export customer base in 100 countries that Accolade has grown over the past 160 years.

“Existing distributor relationships for the suite of Mud House brands and Accolade brands in New Zealand will not change,” Mr Loza said.

Accolade Wines New Zealand Ltd, trading as Accolade Wines, takes ownership of the New Zealand brands and their assets from April 1, 2014.

-END-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news