Australian Wine to acquire international strategic wine brands of Pernod Ricard.

Australian Wine, a consortium of international institutional investors and owner of Accolade Wines, agreed to acquire international strategic wine brands of Pernod Ricard, a wine and spirits company. Financial terms were not disclosed. With this transaction, Pernod Ricard will sell its wine division to a player of global scale, with a route to market solely dedicated to the wine industry. Its wine brands will benefit from the focus required to achieve their potential, reinforce their position, and seize new opportunities around the world.