AUSTRALIA: Remy Cointreau to sell Australian winery

By Sarah Diston | 6 August 2001

Remy Cointreau, deciding its Victorian winery the Blue Pyrenees Estate is no longer core to its business has decided to put it up for sale according to a report by the Australian Financial Review. Industry experts have estimated that Blue Pyrenees, which produces up to 90,000 cases of wine annually could fetch somewhere between $20m and $25m.

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Remy Cointreau, deciding its Victorian winery the Blue Pyrenees Estate is no longer core to its business has decided to put it up for sale according to a report by the Australian Financial Review. Industry experts have estimated that Blue Pyrenees, which produces up to 90,000 cases of wine annually could fetch somewhere between $20m and $25m.

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