News Snapshot:
He said it was a reluctant sale because it was an excellent brand, but there was no room to expand its vineyard holdings and turn it into a global player. “We do have a buyer,” he said. “There’s no way we can grow the brand. It’s completely limited on growth.” Earlier this week, Accolade sold a large bottling and packaging plant in Bristol, England, called The Park, in a £30 million ($53 million) sale to Spanish group Encirc. Mr Foye said a 10-year service agreement had been put in place with Encirc and the sale had come after a global...
