Australian Wine completed the acquisition of the international strategic wine brands of Pernod Ricard.

Australian Wine, a consortium of international institutional investors and owner of Accolade Wines, completed the acquisition of the international strategic wine brands of Pernod Ricard, a wine and spirits company. Financial terms were not disclosed. Pernod Ricard will continue to distribute such wine portfolio for a few months, facilitating a smooth transition across the globe. This disposal will enable Pernod Ricard to focus on premium international spirits and champagne brands, driving future growth of its business.