Treasury Wines Estates has added a little wrinkle to the potential float of Accolade Wines by terminating a wine bottling deal in the United Kingdom with the ASX aspirant.
Treasury has given Accolade notice that it intends to cease a wine bottling initiative whereby many of Treasury’s European brands are packaged up at the large Accolade facility in Bristol.
But the deal won’t end quickly. Under the terms of the agreement it will be three years before Accolade actually stops bottling Treasury grog at its giant p…
Read the full article at: http://www.afr.com/street-talk/treasury-wines-to-end-bristol-bottling-with-accolade-20161208-gt6mjz
