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.

According to the report annual sales of Blue Pyrenees are estimated to be between $14m and $15m.

Remy Cointreau was unavailable for comment.

Wine: The International Market