Kirin owned Lion Australia selling wine diversion

Old news

It was several weeks ago around the beginning of September TKR suggested Lion were looking to off-load their Australian wine assets. From The Financial Review 10 November Street talk section

“Champ Private Equity-owned Accolade Wines is in final stage talks to buy beverage giant Lion’s Australian wine portfolio, sources told Street Talk on Thursday morning.

“It’s understood Accolade is preparing to pay up to $100 million for the unit, called Fine Wine Partners, which includes wine inventory and brands.”

State your name

The Alabama Alcoholic Beverage Control Board wants to make it a requirement that brewers report the name, address, age and phone number of anyone who buys beer at one of the state’s craft breweries for off-premises consumption.

Sweet move

The UK Government proposes to introduce a sugar tax. Tesco has got in quick and reduced the sugar content in its own-brand soft drinks to below the 5 grams per 100ml at which the levy is expected to come in.

Bottom of the barrel

The bottom has been reached when a supermarket, in this case Tesco, launches a mulled spice wine-scented toilet tissue for the Christmas season.

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