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Australian Vintage Ltd

ASX Announcements

Change of Director's Interest Notice (Elaine Teh)

Change of Director’s Interest Notice

  • Nov 28, 2024
  • 2 pages

Change of Director's Interest Notice (Margaret Zabel)

Change of Director’s Interest Notice

  • Nov 21, 2024
  • 2 pages

AVG Amended Constitution

Constitution

  • Nov 13, 2024
  • 68 pages

AVG 2024 AGM Voting Results

Results of Meeting

  • Nov 13, 2024
  • 2 pages

AVG 2024 AGM Addresses and Presentation

Company Presentation, Chairman's Address to Shareholders

  • Nov 13, 2024
  • 22 pages

View all AVG announcements

October 2024

Craig Garvin is returning as CEO of Australian Vintage, six months after being sacked by the previous board of the company which owns wine brands McGuigan, Tempus Two and Nepenthe.

Australian Vintage rehires CEO it sacked for ‘lack of judgment’

The ASX-listed wine producer behind McGuigan and Tempus Two has again appointed Craig Garvin as its chief executive, who says the “past is the past”.

  • Simon Evans
Yellowglen, Wolf Blass, Lindemans and Blossom Hill are all up for sale by owner Treasury Wine Estates. Almost $600m has been written off in goodwill and impairments by Aust’s big wine companies in the cheap end of the wine segment.

Almost $600m slashed from popular wine brands as drinkers steer clear

Documents filed with the regulator show the value of brands from Jacob’s Creek to Wolf Blass is shrinking as the industry battles to attract younger consumers.

  • Simon Evans

August 2024

James Williamson, who has been a fund manager in Australia for more than 15 years, is rolling up his sleeves and becoming the interim CEO of one of the companies he invests in - McGuigan and Tempus Two owner Australian Vintage.

The fundie who unexpectedly became CEO of a wine company

James Williamson has temporarily jumped the fence to run Australian Vintage, and is agitating for M&A. His fund owns shares in the listed wine group.

  • Simon Evans

July 2024

Pernod Ricard’s portfolio includes the iconic Jacob’s Creek brand.

Pernod Ricard exits Australian wine making, sells to Bain consortium

The French giant’s portfolio of local brands – as well as those in New Zealand and Spain – will be combined with Accolade Wines, the company behind Hardys.

  • Kylar Loussikian
The Lyndoch vineyard in the Barossa Valley is being acquired by Seppeltsfield.

Seppeltsfield buys up as Australian Vintage offloads two vineyards

The ASX-listed producer behind McGuigan and Tempus Two will exit one property in NSW and sell another in South Australia to its privately owned rival.

  • Kylar Loussikian
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June 2024

Wine for sale at a store in Shanghai. China lifted punishing tariffs on Australian wine on March 29 this year.

Chinese backer of Australian wine group nursing big losses

A Chinese investment group which took a large stake in McGuigan owner Australian Vintage seven years ago is down about $7 million on paper.

  • Simon Evans
Australian Vintage owns Tempus Two.

Australian Vintage wants to revive Accolade Wine merger talks

The market capitalisation of the wine producer has almost halved after its shares resumed trading following a three-week suspension.

  • Updated
  • Simon Evans
Australian Vintage CEO Craig Garvin was fired with immediate effect.

Australian Vintage rules off emergency raise’s $15m insto leg

Next up is a retail offer that would bring the total to $19.9 million.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Australian Vintage is being forced into a deeply discounted capital raising at 20¢ a share, but still wants to pursue a merger.

McGuigan owner Australian Vintage seeks $20m lifeline to tackle wine glut

The acting CEO says a merger is still logical for the ailing wine group as it battles an industry wine oversupply after being spurned by bigger rival Accolade Wines.

  • Simon Evans

May 2024

Grapes of wrath: Australian Vintage is being forced into an emergency capital raising.

Accolade Wines ends merger talks, Australian Vintage to raise capital

Shares in the owner of McGuigan and Tempus Two wine brands have been suspended as debt levels rise to dangerous levels, with a potential back-door listing of Australia’s No.2 player, Accolade off the table for now.

  • Simon Evans
Craig Garvin was “terminated” from the role of CEO of Australian Vintage, owner of McGuigan, Tempus Two and Nepenthe, late on May 3. He is considering his legal options.

Australian Vintage shops $30m equity raise as Accolade walks

Street Talk understands Australian Vintage was warming up investors for a circa $30 million raising over the weekend, in a deal expected to be done at a high, double-digit discount.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Accolade Wines, which makes Banrock Station, Hardys, St Hallett and Petaluma, says it is disappointed its largest group of grape growers have rejected a supply contract overhaul.

Blow for Bain and Accolade Wines as growers reject grape deal

The wine group says the contract has been handicapping it for years in an oversupplied market, as investors in smaller player Australian Vintage brace for bad news.

  • Simon Evans
Pernod Ricard’s portfolio includes the iconic Jacob’s Creek brand.

Uncorked: Accolade Wines locked in negotiations with Pernod Ricard

In short, if Pernod moves into the ‘trop difficile’ basket, Australian Vintage is waiting in the wings.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Craig Garvin was “terminated” from the role of CEO of Australian Vintage, owner of McGuigan, Tempus Two and Nepenthe, late on May 3. He is considering his legal options.

AusVintage turmoil may strengthen Accolade’s hand: Allan Gray

The boss of Allan Gray, with a 17pc stake in Australian Vintage, is concerned larger player Accolade Wines may seize on management upheaval to drive a harder bargain.

  • Simon Evans
Craig Garvin’s role as CEO of McGuigan owner Australian Vintage has been terminated by the board.

McGuigan owner Australian Vintage dumps CEO over ‘conduct’ issues

The ousted CEO of Australian Vintage, Craig Garvin, is ‘considering legal options’, while the chairman says his exit won’t have an impact on merger talks with Accolade.

  • Updated
  • Simon Evans
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March 2024

Accolade, the maker of Hardys, could merge with Australian Vintage.

Backdoor listing for Accolade on the table in AusVintage deal

The largest shareholder in Australian Vintage, which owns the McGuigan and Tempus Two wine brands, says a Chemist Warehouse-style listing of Accolade makes sense.

  • Simon Evans

February 2024

Petaluma is one of the brands operated by Accolade.

McGuigan owner Australian Vintage considers merger with Accolade

The ASX-listed group told investors it was in “exploratory discussions” with the Bain-controlled owner of the Hardys, Banrock Station and Petaluma brands.

  • Simon Evans

September 2023

Bethany Wines owners Geoff Schrapel and brother Robert. The winery in the Barossa Valley was established in 1981.

Australia’s winemakers are in the midst of their biggest shake-up

Consumption of cheaper wine below $15 a bottle is sliding, prompting strategic reviews by owners of brands including Jacob’s Creek and McGuigan.

  • Simon Evans

August 2023

Accolade Wines makes a raft of commercial wine brands, including Hardys, Banrock Station and St Hallett.

Platinum Equity stalks Carlyle Group’s Accolade Wines

Street Talk understands American buyout group Platinum Equity is considering a move on Australia’s second-largest wine group.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

July 2023

Lower-priced red wine has been much harder to shift.

Millennials and China wreck under $10 bottled wine market

“The industry is overstocked to buggery, particularly with lower end red wine,” says winemaker Bruce Tyrrell. Treasury Wine is already making major changes.

  • Simon Evans

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