Constellation sells Hardys, Kumala, Banrock Station
Constellation sells Hardys, Kumala, Banrock Station
Feb 2, 2011 6
Constellation Brands has completed the sale of a host of popular wine names including Hardys, Kumala and Banrock Station to private equity company Champ. he business, which includes substantially all of Constellation’s wine businesses in Australia, Europe and South Africa, has been renamed Accolade Wines following the completion of the A$290m deal.
Accolade has retained Constellation’s former management team, including head of wine operations for Europe and Australia Troy Christensen as its new CEO.
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