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

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news