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Accolade Wines silent on Italian winery report

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Accolade Wines has declined to comment on an Italian newspaper report claiming the group is looking to buy local winery Farnese Vini.

Accolade Wines is reported to be interested in adding Italian winery Farnese to its portfolio

Accolade Wines is reported to be interested in adding Italian winery Farnese to its portfolio

Il Sole 24 Ore said yesterday that Accolade is evaluating a purchase of Farnese, which controls brands including Caldora, Vesevo and Tenute Rossetti. The southern Italian winery is owned by NB Renaissance Partners, a private-equity company that bought Farnese in 2016 from 21 Investimenti.

A spokesperson for Accolade said the company would not comment on the report.

The newspaper article comes after Accolade confirmed in August the divestment of one of its Australian assets, Clare Valley's Knappstein Winery. At the same time, the company said the process to buy the Houghton winery in Western Australia's Swan Valley "is continuing".

Accolade is owned by a private-equity firm itself. The company was sold by CHAMP to The Carlyle Group last year.

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