On Wednesday, Pernod Ricard announced its plan to offload the majority of its international wine portfolio to Australian Wine Holdco Limited (AWL).
As a part of the deal, AWL will take control of 10 wine brands including Australia’s Jacob’s Creek, Orlando, and St. Hugo; New Zealand’s Stoneleigh, Brancott Estate, and Church Road; and Spanish brands Campo Viejo, Ysios, Tarsus, and Azpilicueta. The sale also includes seven wineries. While no financial terms of the deal were disclosed, Pernod Ricard confirmed in a press release that the 10 brands collectively sell over 10 million 9-liter cases per year.
