Accolade buys Shanghai distribution company
Accolade buys Shanghai distribution company
Jan 19, 2012 6
(Decanter) - Accolade wines is bolstering its presence in the Chinese market with the purchase of a majority stake in a Shanghai-based wine distribution business. Shanghai CWC Wine Trading Company already distributes Accolade’s products – which include California’s Echo Falls, Australia’s Banrock Station, Hardys and Leasingham, and Kumala, Fish Hoek and Flagstone in South Africa – and this move will allow Accolade to ‘extend our presence in the market’, CEO Troy Christensen said.
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