Pernod Sells Off Bulk of International Wine Portfolio

Dear Client:  Well folks, it's finally happening.  After years of speculation, Pernod Ricard is offloading the majority of its international wine portfolio to Australian Wine Holdco Limited, which owns Accolade Wines. No financial details were disclosed.  The transaction includes the sale of Jacob's Creek, Orlando and St Hugo from Australia, Stoneleigh, Brancott Estate and Church Road from New Zealand, and Campo Viejo, Ysios, Tarsus and Azpilicueta from Spain. The brands total more than 10 million cases. The sale also includes