Accolade Wines is renegotiating the terms of its largest grape supply contract as part of plans to reinvigorate the business under its new owners, led by Bain Special Situations.
The Carlyle Group agreed to relinquish control of the company, the country’s second-largest wine producer, to the consortium led by the special distressed debt player after owning the business for five years. Carlyle bought Accolade in 2018 for $1 billion.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
