Accolade Wines’ owner mulls IPO

The owner of the UK’s largest drinks company, Accolade Wines is looking at listing the global wine company on the London stock exchange as it gets ready to offload its 80% stake in the business, an Australian newspaper has claimed. The Australian Financial Review has claimed Accolade Wines’ owners, Champ PE, which bought the global wine company in 2010 for AUS $290 million, has signed up several high level investment banks to investigate its potential exit options.