Lion sells Australian wine interests while planning expansion in NZ
Lion says it is reluctant to invest more in its premium Australian wine business.
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Japanese-owned liquor giant Lion has sold its entire Australian premium wine business, Fine Wine Partners (FWP), to private equity-owned Accolade Wines.
Lion’s New Zealand wine business, the country’s second largest, is not affected by the sale, which also excludes Lion’s US wine
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Nevil Gibson
Tue, 15 Nov 2016
Tue, 15 Nov 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Lion sells Australian wine interests while planning expansion in NZ
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