US private equity firm uncorks A$1bn deal for Accolade as it sets sights on Asian markets
Carlyle Group, the US private equity firm, has agreed to buy the Australian wine producer behind the Hardys and Echo Falls labels for A$1bn (£547m) as it hopes to capitalise on China’s growing thirst for wine.
Accolade is the biggest wine company by volume in both the Australia and the UK, and the company’s brands also include Banrock Station and Kumala.
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