Growers claim the winery, which produces half of the cask wine in Australia, is yet to pay in full for the 2023 vintage
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One of the largest wine producers in the world has entered into a legal dispute with growers over grape prices for its 2023 vintage, after selling off two of its prestige brands amid a global wine glut and accumulating large debts.
Accolade Wines, a multinational company owned by private equity giant The Carlyle Group, is the parent company of Berri Estates. In 2021-2022, its most recent reported results, Accolade recorded a pre-tax loss of £1.76m, weighed down by large finance costs linked to its heavy debt burden.
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