CHAMP PE-backed Accolade Wines in China acquisition
Accolade Wines, a portfolio company of CHAMP Private Equity, has purchased a majority stake in Chinese wine distribution business Shanghai CWC Wine Trading. The acquisition is intended to serve as a platform for Accolade’s expansion into the fast-growing China market.
Accolade, perhaps best known for the Hardys wine brand, already has a relationship with CWC, which has been distributing the South Australia-based company's wines in China and Mongolia for a number of...
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