Accolade buys Shanghai distribution company

Accolade wines is bolstering its presence in the Chinese market with the purchase of a majority stake in a Shanghai-based wine distribution business. Shanghai CWC Wine Trading Company already distributes Accolade’s products – which include California’s Echo Falls, Australia’s Banrock Station, Hardys and Leasingham, and Kumala, Fish Hoek and Flagstone in South Africa – and this move will allow Accolade to ‘extend our presence in the market’, CEO Troy Christensen told Decanter.