A new powerhouse in the global wine market has been formed by the merger of Accolade Wines and the Australian, New Zealand, and Spanish wine businesses previously owned by Pernod Ricard.
The new business, Vinarchy, immediately becomes one of the world’s largest specialist wine businesses, with more than £700m in annual net sales.
Brands in the Vinarchy portfolio include Hardys, Campo Viejo, Jacob’s Creek, Brancott Estate, Mud House and Jam Shed.
While the news signals a major consolidation in the wine industry, the immediate impact on convenience stores should be minimal. Pernod Ricard will continue to distribute its former brands for a transitional period, ensuring a smooth handover.
Vinarchy Executive Chairman Ben Clarke said Vinarchy will bring scale and innovation to global winemaking. “We believe Vinarchy can lead the future of the wine category. We will be a dedicated wine company, with scale, capability, reach, resources, talent, and an exceptional portfolio of leading brands. We want to redefine wine.”
The business is expected to announce the appointment of a Chief Executive Officer in the near future.
