ASX Announcements
Initial Director's Interest Notice - Elaine Teh
Initial Director’s Interest Notice
- Aug 27, 2024
- 2 pages
Initial Director's Interest Notice - James Williamson
Initial Director’s Interest Notice
- Aug 26, 2024
- 2 pages
August
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
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
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
June
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
- Updated
- Wine & spirits
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 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
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
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
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
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
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
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
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
March
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
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
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
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
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
- Exclusive
- Wine & spirits
Four Pillars Gin sold to XXXX’s Japanese owner
The brewing giant behind names such as XXXX, Furphy and Little Creatures has snapped up the other half of the distiller for an estimated $50 million.
- Updated
- Carrie LaFrenz
Australian Vintage mandates E&P for strategic review
The ASX-listed company behind Tempus Two and McGuigan is understood to have called in the corporate advisory firm to consider ways to unlock value for shareholders.
- Sarah Thompson, Kanika Sood and Emma Rapaport